MongoDB, Inc. Q4 2026 Earnings Recap

MongoDB delivered a robust fourth quarter for fiscal year 2026, achieving a 27% year-over-year revenue increase to $695 million, driven by strong demand for its Atlas platform and strategic customer expansions.

Key Takeaways

• Atlas revenue grew 29% year-over-year, exceeding a $2 billion run rate and generating $114 million in net new revenue for the quarter.
• Total customer count reached over 65,200, marking a 60% increase year-over-year with 2,700 new additions in Q4.
• The non-GAAP operating margin hit 23%, exceeding guidance and demonstrating effective cost management alongside revenue growth.
• Significant contract wins included a $90 million deal with a large tech firm and over $100 million with a financial institution, the largest in the company’s history.
• AI capabilities are gaining traction, with the number of customers leveraging vector search and embedding models doubling year-over-year.