Atlassian Corporation Plc Earnings Recaps
Q4 2026
Aug 10, 2026
Atlassian’s shares surged 31.5% following a Q4 report that demonstrated accelerating cloud revenue growth and exceptionally strong renewal metrics, signaling investor approval of its expanding enterprise footprint and AI integration despite a cautious full-year ARR growth outlook.
Key takeaways
- Total revenue increased 28% year-over-year to $1.8 billion, led by a 31% rise in cloud revenue, which reached $1.2 billion.
- Remaining Performance Obligations (RPO) grew 44% year-over-year, reflecting robust deferred revenue and customer commitments.
- Net Revenue Retention (NRR) remained above 120%, driven by strong seat expansion and cross-sell within AI-enabled workflows.
- Enterprise deals hit record levels at $1 million, $3 million, and $5 million contract thresholds, with customers at $3 million ARR growing 50% and those at $5 million ARR growing 70% year-over-year.
- Full-year FY27 ARR guidance was tempered at 18% growth versus FY26’s 23%, reflecting management’s cautious stance on macro uncertainty and the end of a one-point acquisition-driven growth boost.
Q3 2026
May 2, 2026
Atlassian delivered a Q3 performance that far surpassed investor expectations, with shares surging 26.1% post-earnings. The upside was driven by accelerating cloud revenue, robust enterprise momentum, and continued strength in AI adoption.
Key takeaways
- Total revenue rose 32% year-over-year to $1.8 billion.
- Cloud revenue accelerated to 29% year-over-year growth, topping $1.1 billion.
- Remaining Performance Obligations (RPO) grew 37% to $4 billion, reflecting solid forward demand.
- AI adoption continues to expand rapidly; usage of Rovo AI credits is growing over 20% month-over-month, and customers deploying Rovo are growing ARR at roughly twice the rate of non-Rovo customers.
- Management acknowledged data center outperformance this quarter was boosted by some deal pull-forward, with an indication of possible moderation in that segment for FY '27.
Q2 2026
Feb 6, 2026
Atlassian Corporation delivered a robust Q2 FY2026, surpassing $6 billion in annual run rate revenue and achieving its first $1 billion quarter in cloud revenue, fueled by increased enterprise engagement and AI adoption.
Key takeaways
- Annual run rate revenue exceeded $6 billion, marking significant growth in the enterprise segment.
- Cloud revenue surged 26% year-over-year, contributing to a record $1 billion in Q2.
- Remaining Performance Obligations (RPO) grew 44% year-over-year to $3.8 billion, indicating strong future revenue visibility.
- The company achieved a near doubling of deals over $1 million ACV, reflecting heightened enterprise demand for its solutions.
- Over 5 million monthly active users are now leveraging Atlassian’s AI capabilities, enhancing overall customer engagement and productivity.