Earnings & Results
Atlassian Reports Earnings Thursday After 27.6% Revenue Jump Last Quarter
By News Desk ·
Key takeaways
- Atlassian will report quarterly results Thursday after the market close.
- Atlassian's last quarter revenue was $1.77 billion, up 27.6% year on year.
- Analysts expect revenue growth of 19.5% this quarter, down from 20.6% a year earlier.
- Atlassian's average analyst price target is $230.20, against a current share price of $187.35.
Atlassian reports quarterly results on Thursday after the market close, following a quarter in which revenue reached $1.77 billion, up 27.6% year on year. TradingView said analysts expect revenue growth of 19.5% this quarter, slowing from the 20.6% increase recorded in the same quarter last year.
Atlassian's Last Quarter Beat Estimates
Atlassian's prior quarter included a solid beat of analysts' billings estimates and an impressive beat of analysts' adjusted operating income estimates, according to TradingView. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Atlassian has a history of exceeding Wall Street's expectations. Among productivity software peers that have already reported, Microsoft delivered year-on-year revenue growth of 18.8%, beating analysts' expectations by 1.8%, and RingCentral reported revenues up 5.9%, topping estimates by 1.3%.
Atlassian is a collaboration software company founded in 2002 and headquartered in Sydney, according to akta.pro company records. The company is led by co-founder and CEO Mike Cannon-Brookes, with James Chuong as CFO and Sri Viswanath as chief technology officer.
Atlassian's Cloud Revenue Passed $1 Billion
Atlassian reported Q3 FY2026 revenue of $1.8 billion, representing 32% year-over-year growth, accelerating from 23% growth in Q2 FY2026, according to akta.pro company records. The company exceeded Wall Street guidance of up to $1.697 billion. Cloud services revenue reached $1.1 billion, with annual recurring revenue surpassing $1 billion for the first time.
Product Launches Preceded Atlassian's Results
Atlassian introduced Context Quality Score on October 29, 2026, a metric to assess context quality for AI and recommend improvements, Stock Titan reported. The score evaluates completeness, connectedness, and relevance, and will be available next quarter for all Atlassian Cloud customers.
On October 28, 2026, Atlassian launched its Forward Deployed Engineering program to embed AI engineers with customers, Forbes reported. The program addresses a gap where 85% of workers use AI but only 6% of executives see ROI.
Atlassian's Service Collection crossed $1 billion in annual revenue and is expanding beyond IT service management into customer support and asset management, Techzine Europe reported on October 22, 2026.
Atlassian's Context Quality Score Rollout
Atlassian said the Context Quality Score will be available next quarter for all Atlassian Cloud customers. The company has not stated a date for the rollout beyond that quarter.