Atlassian Corporation Plc Q2 2026 Earnings Recap

TEAM Q2 2026 February 6, 2026

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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.

Earnings Per Share Beat

$1.22 vs $1.15 est.

+6.1% surprise

Revenue Beat

1586315000 vs 1557230000 est.

+1.9% surprise

Market Reaction

1-Day -3.75%

5-Day -5.58%

30-Day -23.66%

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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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit TEAM on AllInvestView.

Next Q3 2026