Key Takeaways MongoDB's Q2 revenues hit $591.4M with Atlas sales up 29.2%, sending shares soaring 38% post-earnings.Snowflake posted $1.14B revenues, up 31.5% YoY, with strong product sales and raised fiscal 2026 guidance.Both firms see accelerating AI-powered cloud adoption fueling growth across enterprises and industries.We are in the last leg of the second-quarter 2025 earnings season. Results so far are well above the market’s expectations. On Aug 27, two large artificial intelligence (AI)-powered Inter ...

Core Insights - MongoDB (MDB) is expected to report second-quarter fiscal 2026 results on August 26, with projected revenues between $548 million and $553 million, reflecting approximately 22% year-over-year growth at the midpoint [1] - The company anticipates non-GAAP earnings per share in the range of 62 to 66 cents, with the consensus estimate remaining steady at 64 cents, indicating an 8.57% decline year-over-year [2] Group 1: Revenue and Earnings Expectations - The Zacks Consensus Estimate for MongoDB's revenue is currently pegged at $551.05 million, indicating a growth of 15.26% from the year-ago quarter [1] - MongoDB's earnings have beaten the Zacks Consensus Estimate in each of the last four quarters, delivering an average surprise of 66.95% [2] Group 2: Business Performance and Trends - MongoDB entered the second quarter of fiscal 2026 with strong momentum, following a first quarter that delivered 26% Atlas revenue growth and the highest net customer additions in six years [3] - The company is expected to benefit from continued platform adoption across enterprises and startups, with a focus on larger enterprises supporting deal sizes and sales efficiency [3] Group 3: Product Initiatives - MongoDB introduced new Voyage AI embedding models and launched the Model Context Protocol Server in public preview, enhancing integrations with tools like GitHub Copilot and Anthropic Claude [4] - These initiatives are expected to strengthen MongoDB's positioning in AI-driven applications, although they may have limited near-term financial impact on second-quarter performance [4] Group 4: Challenges and Headwinds - Non-Atlas revenue categories are expected to show modest year-over-year declines, reflecting weaker momentum outside Atlas [5] - Consumption trends exhibited volatility, with softness at the start of the quarter, and broader macroeconomic uncertainty may have negatively impacted customer spending patterns [5]