01—Abstract
Summary
Summary of the 8-K filed September 29, 2026. Cited figures are marked; the original filing is the authoritative source.
On September 29, 2026, MongoDB, Inc. held an Investor Day webcast where its leadership team discussed strategies for sustainable growth and long-term shareholder value.
The presentation materials are furnished as Exhibit 99.1 under Item 7.01 (Regulation FD Disclosure) and are not deemed "filed" for Section 18 purposes. The presentation was delivered by Dev Ittycheria (Interim President & CEO), Mike Berry (CFO), and other executives, and it addresses a CEO transition, product innovation, go-to-market strategy, and updated long-term financial targets. The presentation reports FY26 actuals and FY27 guidance.
Atlas revenue growth was 28.7%a in FY26 with FY27 guidance of about 27%; total revenue growth was 22.8% in FY26 with FY27 guidance of 21-23%; and non-GAAP operating margin was 18.5% in FY26 (up 360 bps year over year) with FY27 guidance of about 21.0%. FCF conversion was 108% in FY26 and is guided to 80-100% for FY27 targets.
The company says it expects to reach GAAP profitability in FY27, and it updated its long-term targets to roughly three years, including 20%+ total revenue growth, mid-20% Atlas revenue growth, and 100-200 bps of annual operating margin expansion. Separately, under Item 8.01, the Board of Directors on September 25, 2026 authorized an additional $1.0 billionb in share repurchases, bringing the aggregate authorization to $2.0 billion, of which $1,353,700,000 remains available as of the filing date.
02—Key points
Key Highlights
- Investor Day held September 29, 2026, with leadership discussing growth strategy and long-term shareholder value; presentation furnished as Exhibit 99.1 under Item 7.01 and not deemed filed under Section 18.
- Board authorized an additional $1.0 billion in share repurchases on September 25, 2026, bringing the aggregate authorization to $2.0 billion, with $1,353,700,000 remaining available.
- FY26 actuals: Atlas revenue growth of 28.7%, total revenue growth of 22.8%, non-GAAP operating margin of 18.5% (up 360 bps year over year), and FCF conversion of 108%.
- FY27 guidance (as of September 1, 2026): Atlas revenue growth of about 27%, total revenue growth of 21-23%, non-GAAP operating margin of about 21.0%, and FCF conversion of 80-100%; the company expects GAAP profitability this year.
- Updated long-term targets (~3 years) include 20%+ total revenue growth, mid-20% Atlas revenue growth, 100-200 bps of average annual operating margin expansion, and 80-100% FCF conversion.
- Leadership transition: the presentation references a recently announced CEO transition, with Dev Ittycheria serving as Interim President & Chief Executive Officer.
- New products and AI: the presentation highlights MongoDB 9.0 (GA), Atlas Infinite, and Atlas Agent Engine (launched in public preview), with revenue contributions expected to ramp in FY28 and more meaningful impact in FY29 and later.
03—Questions
Frequently Asked Questions
How much share repurchase capacity does MongoDB now have?
On September 25, 2026, the Board authorized an additional $1.0 billion in repurchases, bringing the aggregate authorized amount to $2.0 billion. As of the filing date, $1,353,700,000 remains available. Repurchases may be made in open market or private transactions, and the company is not obligated to buy any particular amount.
What did MongoDB report for FY26 and guide for FY27?
The presentation shows FY26 Atlas revenue growth of 28.7% and total revenue growth of 22.8%, with non-GAAP operating margin of 18.5% and FCF conversion of 108%. FY27 guidance (as of September 1, 2026) calls for Atlas revenue growth of about 27%, total revenue growth of 21-23%, and non-GAAP operating margin of about 21.0%.
What are the updated long-term financial targets?
The company updated its targets to roughly three years, with total revenue growth of 20%+, Atlas revenue growth in the mid-20% range, operating margin expansion of 100-200 bps on average each year, and FCF conversion of 80-100%. The company also states it expects GAAP profitability starting in FY27.
What is the status of the CEO transition?
The presentation references a recently announced leadership transition and lists Dev Ittycheria as Interim President & Chief Executive Officer. It describes his current focus as executing on product and go-to-market, finding a successor, and providing a seamless transition.
What new products did MongoDB highlight that could drive future revenue?
MongoDB highlighted Atlas Infinite, which separates storage and compute, and Atlas Agent Engine, which is in public preview. The company expects initial revenue contributions from these products in FY28, with more meaningful impact in FY29 and later.
04—Continue