MongoDB projects Atlas growth of about 26% in Q3 and lifts full-year outlook to around 27%
AI Market Summary
MongoDB guided to ~26% Atlas growth in Q3 and raised full-year Atlas growth to ~27% (+300 bps), lifting second-half revenue expectations largely on Atlas momentum. Management cited strong net ARR expansion, higher multiproduct penetration, early AI workload adoption, and free cash flow conversion trending to the top of its 80%–100% target range. The update strengthens confidence in durable cloud-led growth and operating leverage.
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MongoDB said on its earnings call that it expects Atlas growth of approximately 26% in Q3, citing continued strong momentum in the business. The company raised its full-year Atlas growth expectation to about 27%, up 300 basis points from the midpoint of its prior guidance. It added that the higher second-half total revenue outlook is primarily driven by Atlas, alongside a strong net ARR expansion rate, rising multiproduct penetration, and early signs of AI workload adoption. MongoDB also said it now expects full-year free cash flow conversion to land at the upper end of its long-term 80% to 100% target range.
