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Research Alert: Mdb Raises Fy 27 Guidance On Atlas Strength, Delivers Impressive Rpo Growth

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

MDB delivered solid Q1 FY27 results with revenue of $688M (+25% Y/Y) beating consensus $664M and non-GAAP EPS of $1.32 (+32%) above expectations of $1.18. Atlas revenue grew 29% Y/Y, matching the prior quarter's performance, while non-GAAP gross margin held steady at 74%. Remaining Performance Obligations surged 88% Y/Y to $1.46B, with the magnitude of RPO outperformance looking particularly impressive and signaling greater growth ahead that should help shake deceleration fears from last quarter's selloff. Management raised FY27 guidance modestly to $2.94B revenue (+19% Y/Y) vs. prior $2.88B, citing Atlas strength as the primary driver. Customer metrics remained healthy with 2,500 net additions bringing total customers to 67,700 (+12% Y/Y), while $100k+ ARR customers grew 16% Y/Y to 2,895. We view the guidance increase as conservative given MDB's consumption-based model and elevated macro uncertainty, with Q2 revenue guided to $732M vs. consensus $700M.

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Research Alert: Mdb Raises Fy 27 Guidance On Atlas Strength, Delivers Impressive Rpo Growth | FINWIRES