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Atlassian (TEAM)
NASDAQ:TEAM
Earnings Data
Report Date
Apr 30, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.33Last Year’s EPS
0.97Same Quarter Last Year
Strong Buy
Based on 22 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented numerous strong operational and financial highlights: record cloud revenues, a $6B+ ARR milestone, robust backlog and retention metrics (RPO +44% to $3.8B; NRR >120%), rapid AI adoption (Robo >5M MAU) and meaningful enterprise traction (record >$1M ACV deals, Teamwork Collection >1M seats). Offsetting these positives are near‑term headwinds tied to the Data Center reset, continued market skepticism reflected in adverse stock reactions, and ongoing scrutiny around pricing/AI consumption models. Management reiterated confidence in mid‑term targets and emphasized cost management and migration tailwinds, supporting a constructive long‑term view despite some short‑term uncertainty.Company Guidance
Record Cloud Quarter and ARR Milestone
Surpassed $6.0 billion in annual run rate revenue and delivered the first-ever $1.0 billion cloud revenue quarter, with cloud revenue up 26% year‑over‑year.
Strong Backlog and Retention Metrics
Remaining performance obligations (RPO) grew 44% year‑over‑year to $3.8 billion; net revenue retention (NRR) is north of 120% and has ticked up for the third consecutive quarter.
Enterprise Deal Momentum
Closed a record number of deals greater than $1 million ACV in Q2, nearly doubling year‑over‑year, signaling strong enterprise adoption and multi‑year commitments.
Teamwork Collection Adoption and Seat Gains
In under nine months the Teamwork Collection exceeded 1 million seats and more than 1,000 customers have upgraded in less than three quarters; management cited double‑digit seat expansion for Teamwork Collection customers versus standalone apps.
Rapid AI Adoption (Robo & Agentic Workflows)
Robo surpassed 5 million monthly active users; customers using AI code‑generation tools create ~5% more Jira tasks, show ~5% higher MAU, and expand Jira seats ~5% faster than non‑AI users; millions of agentic workflows run monthly.
Service Management Growth
Service collection passed 65,000 customers, with the enterprise portion growing over 60% year‑over‑year; more than two‑thirds of service customers use it for non‑IT use cases and >40% of agentic workflows are in service collection customers.
Migration Tailwind to Cloud
Data Center to cloud migrations contributed a mid‑ to high‑single‑digit percentage point impact to cloud revenue growth in Q2 and are expected to continue contributing mid‑ to high‑single‑digit impact for the full year.
Gross Margin Trajectory & Cost Management
Management reported continued gross margin improvement despite AI costs and highlighted engineering progress in managing AI consumption and infrastructure costs.
Reaffirmed Mid‑Term Financial Targets
Management reiterated the mid‑term outlook: 20%+ compounded annual revenue growth through FY2027 and a commitment to 25%+ non‑GAAP operating margin in FY2027, expressing confidence in long‑term cloud growth drivers.
TEAM Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TEAM Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 05, 2026 | $98.41 | $94.72 | -3.75% |
Oct 30, 2025 | $160.67 | $169.42 | +5.45% |
Aug 12, 2025 | $158.00 | $163.99 | +3.79% |
May 01, 2025 | $229.07 | $208.48 | -8.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Atlassian (TEAM) report earnings?
Atlassian (TEAM) is schdueled to report earning on Apr 30, 2026, After Close (Confirmed).
What is Atlassian (TEAM) earnings time?
Atlassian (TEAM) earnings time is at Apr 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TEAM EPS forecast?
TEAM EPS forecast for the fiscal quarter 2026 (Q3) is 1.33.
