TEAM
Atlassian Corporation159.56
+0.39+0.25%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Q&A reaffirms AI momentum, adds color
Q&A largely reinforced the shareholder letter's bullish tone on AI momentum amid software sector fears, with Cannon-Brookes emphasizing elevated customer talks around strategic AI partnerships driving expansions into Teamwork Collection. Management defended seat-based pricing as delivering value, managing AI costs internally while offering hybrid options, and dismissed Anthropic's CoWork as a threat, highlighting integration synergies. Migrations added mid-to-high single-digit cloud growth; service collection enterprise growth topped 60% YoY, expanding non-IT. DC pricing hikes aim to spur cloud shifts. They reaffirmed 20%+ revenue CAGR through FY2027. AI boosts Jira usage. Investors will eye cloud acceleration durability.
Key Stats
Market Cap
42.00BP/E (TTM)
-Basic EPS (TTM)
-0.70Dividend Yield
0%Recent Filings
8-K
Atlassian names new CFO
Atlassian appointed James Chuong, ex-LinkedIn CFO, as its new Chief Financial Officer effective March 30, 2026. He gets $600,000 base salary, 75% target bonus, $22 million RSUs vesting over four years, and $2 million signing bonus repayable if he quits within a year. Brings deep finance expertise from LinkedIn and Wall Street. No related party ties.
10-Q
Q2 FY2026 results
Atlassian posted Q2 FY2026 revenue of $1.59B, up 23% y/y, with subscription revenue surging 24% y/y to $1.51B on Cloud strength (26% y/y) while Data Center grew 20% y/y. Gross margin expanded to 85% from 83% y/y, yet operating loss narrowed to $48M from $57M as efficiencies kicked in. Acquisitions of BCNY (Oct 2025, $488M cash, $377M goodwill, $91M intangibles over 3 years) and DX (Nov 2025, $720M cash, $557M goodwill, $183M intangibles over 3-5 years) drove goodwill to $2.3B. Cash fell to $1.2B after $1.2B deals, but $750M revolver sits undrawn; $1.0B debt at 5.25-5.50% due 2029-2034. Free cash flow hit $169M. Markets stay brutally competitive.
8-K
Q2 revenue up 23%, Cloud $1B
Atlassian posted Q2 revenue of $1,586 million, up 23% year-over-year, with Cloud hitting $1,067 million—its first $1B quarter, up 26%. RPO surged 44% to $3,814 million on enterprise deals; non-GAAP operating margin hit 27%. Guidance lifted FY26 revenue growth to 22%. Cash dipped to $1.6B post-DX buy.
8-K
Sabharwal joins Atlassian board
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