Q1 26 EPS
$1.04
BEAT +24.13%
Est. $0.84
Q1 26 Revenue
$1.43B
BEAT +2.18%
Est. $1.40B
vs S&P Since Q1 26
-52.9%
TRAILING MARKET
TEAM -47.3% vs S&P +5.7%
Market Reaction
Did TEAM Beat Earnings? Q1 2026 Results
Atlassian delivered a standout first quarter for fiscal year 2026, with shares jumping on the results as the collaboration software giant posted revenue of $1.43 billion, up 20.6% year over year and ahead of the $1.40 billion consensus, while non-GAA… Read more Atlassian delivered a standout first quarter for fiscal year 2026, with shares jumping on the results as the collaboration software giant posted revenue of $1.43 billion, up 20.6% year over year and ahead of the $1.40 billion consensus, while non-GAAP EPS of $1.04 cleared the $0.84 estimate by 24.13%. The single biggest story behind the quarter was Atlassian's "Ascend" initiative, a phased program to end-of-life its Data Center products and accelerate customer migration to the cloud, which pulled forward revenue recognition and contributed roughly 1.6 percentage points to total revenue growth. Cloud revenue reached $997.71 million, up 26% year over year, driven by seat expansion, migrations that more than doubled annually, and AI momentum that pushed monthly active users of Atlassian's AI tools past 3.5 million. Remaining performance obligations surged 42% to $3.30 billion, signaling durable enterprise demand. Looking ahead, Atlassian guided Q2 revenue of $1.53 to $1.54 billion and reaffirmed full-year growth of approximately 20.8%, alongside a FY27 non-GAAP operating margin target above 25%.
Key Takeaways
- • Cloud revenue growth of 26% driven by paid seat expansion, Data Center to Cloud migrations, cross-sell, and higher ARPU
- • Data Center to Cloud migrations more than doubled year-over-year
- • 3.5 million monthly active users of AI capabilities, up 50% quarter-over-quarter
- • RPO accelerated to $3.3 billion, up 42% year-over-year
- • Current RPO grew 30% to $2.4 billion
- • 53,017 customers with greater than $10,000 in Cloud ARR, up 13% year-over-year
- • Strong enterprise sales execution with increasing mix of large, multi-year Cloud deals
- • Restructuring charges of $55.7 million negatively impacted GAAP operating margin by 4 percentage points
TEAM YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
TEAM Revenue by Segment
With YoY comparisons, source: SEC Filings
TEAM Revenue by Geography
Regional revenue distribution
“Our relentless pace of AI innovation is driving results as we grew Cloud revenue in Q1 to $998 million, up 26% year-over-year, and surpassed 3.5 million monthly active users of our AI capabilities, up 50% quarter-over-quarter.”
— Mike Cannon-Brookes, Q1 2026 Earnings Press Release
TEAM Earnings Trends
TEAM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
TEAM EPS Trend
Earnings per share: estimate vs actual
TEAM Revenue Trend
Quarterly revenue: estimate vs actual
TEAM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 | — | $1.75 | — | $1.79B | +5.24% |
| Q2 26 BEAT | $1.14 | $1.22 | +6.62% | $1.59B | +2.74% |
| Q1 26 BEAT | $0.84 | $1.04 | +24.13% | $1.43B | +2.18% |
| Q4 25 BEAT FY | $0.85 | $0.98 | +15.29% | $1.38B | +0.95% |
| FY Full Year | $3.56 | $3.68 | +3.37% | $5.22B | +0.25% |
| Q3 25 BEAT | $0.93 | $0.97 | +4.85% | $1.36B | +0.28% |