MongoDB reported revenue of $771.8 million for fiscal Q2 2027, representing 30% year-over-year growth. The non-GAAP operating margin hit 24%, a leap from 15% a year ago, while free cash flow nearly doubled to $137.6 million. The company also raised its full-year fiscal 2027 guidance. Despite beating estimates, the stock fell more than 12% in after-hours trading, a recurring pattern for high-valuation companies that must exceed expectations by a wide margin to justify their premium multiples.
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