MongoDB beats Q1 estimates, raises full-year outlook on strong Atlas cloud growth

MongoDB reported Q1 revenue of $687.6 million, up 25% year-over-year, surpassing estimates driven by its Atlas cloud database platform growing over 29%. Adjusted EPS was $1.32, beating forecasts, with strong cash flow and an 88% rise in remaining performance obligations signaling solid demand. The company raised its full-year 2027 revenue guidance to $2.92-$2.96 billion and expects non-GAAP EPS between $5.95 and $6.14. Despite strong results, shares fell slightly, likely due to profit-taking.