Atlassian Q4 revenue jumps 28% to $1.77B as CEO lines up $250M stock purchase
TEAM has more than doubled off its 52-week low of $56.01.
Summary
Atlassian reported Q4 FY26 revenue of $1.77B, up 28% y/y and well above consensus, with Cloud revenue accelerating to 31% growth. CEO Mike Cannon-Brookes announced plans to buy up to $250M in stock, and the company provided FY27 guidance for ~13% total revenue growth.
Key Events · Earnings and Guidance · TEAM
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Q4 Revenue Beats by $100M+
Total revenue of $1.766B grew 28% y/y, exceeding the $1.66B consensus. Cloud revenue surged 31% to $1.213B, driven by AI adoption and enterprise seat expansion.
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CEO Plans $250M Stock Purchase
CEO and co-Founder Mike Cannon-Brookes announced a 10b5-1 trading plan to buy up to $250M of Class A Common Stock, signaling strong insider conviction.
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AI-Powered Platform Drives Record RPO
Remaining performance obligations (RPO) grew 44% y/y to $4.8B, reflecting large, multi-year enterprise deals. Subscription ARR reached $6.6B, up 23%.
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FY27 Guidance: Cloud Strength, Data Center Drag
FY27 total revenue growth guided to ~13%, with Cloud growth of ~25.5% offset by a ~17% decline in Data Center revenue due to end-of-life dynamics. Non-GAAP operating margin expected at 25%.
Analysis · TEAM · Technology
A standout quarter saw Atlassian beat revenue estimates by more than $100M and swing to GAAP profitability. Cloud revenue accelerated to 31% growth, and the company's AI-powered Teamwork Graph is fueling enterprise adoption—RPO surged 44%. In a massive vote of confidence, especially from a founder-CEO, Mike Cannon-Brookes announced a planned $250M stock purchase. FY27 guidance implies total revenue growth will decelerate to roughly 13% because of Data Center headwinds, but Cloud momentum remains robust at approximately 25.5% growth. The appointment of a new Chief Product Officer for Enterprise signals continued investment in scaling the platform.
At the time of this filing, TEAM was trading at $139.72 on NASDAQ in the Technology sector, with a market capitalization of approximately $28B. The 52-week trading range was $56.01 to $189.69. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.