MDB vs NET

MongoDB reported strong Q4 FY2026 results: total revenue $695.1M (up 27% YoY), non-GAAP gross margin 75%, non-GAAP operating income $158.8M, GAAP net income $15.5M, and free cash flow $176.7M. The company launched and integrated multiple AI-specific offerings under the Voyage AI by MongoDB brand (including Voyage 4 embedding models), added Automated Embedding for Community Vector Search, embedding and reranking model APIs for Atlas, and introduced an AI-powered data operations assistant for MongoDB Compass and Atlas Data Explorer. MongoDB expanded its MongoDB for Startups program (members > $200B aggregate valuation) and highlighted deep integrations with AWS AI services (Amazon Bedrock, SageMaker, Amazon Q). Management frames AI and developer-facing embedding/vector search, reranking, and retrieval capabilities as strategic drivers of Atlas adoption and future revenue, and issued Q1 FY2027 revenue guidance of $659M–$664M and FY2027 revenue guidance of $2.86B–$2.90B with non-GAAP EPS guidance of $1.15–$1.19 (Q1) and $5.75–$5.93 (FY). Tone is bullish with high innovation signals and moderate risk language around AI reputation and macro factors.

Cloudflare positions itself as the infrastructure platform for an "Agentic Internet," highlighting agents as a new class of web users that drive serverless workloads to Cloudflare Workers and increased demand for the company's performance, security, and networking services. Management ties a record large ACV deal (averaging $42.5M/year) and nearly 50% new ACV growth to this AI/agent-driven demand. No branded Cloudflare AI products were announced, but the company emphasizes agent-focused use cases and edge/serverless execution. Financially, Q4 2025 revenue was $614.5M (up 33.6% YoY), non-GAAP income from operations was $89.6M, non-GAAP net income was $106.8M, and Q4 free cash flow was $99.4M. Cloudflare guided Q1 2026 revenue to $620.0–$621.0M and full-year 2026 revenue to $2,785.0–$2,795.0M, with non-GAAP EPS guidance of $0.23 for Q1 and $1.11–$1.12 for FY2026.