Atlassian stock skyrockets more than 30% as cloud growth roars back
Shares in Atlassian Corp. surged more than 30% in after-hours trading today after the Australian collaboration software company beat expectations on earnings and revenue in its fiscal 2026 fourth quarter and guided above forecasts for the year ahead. For the quarter that ended June 30, Atlassian reported adjusted earnings per share of $1.87, up from […] The post Atlassian stock skyrockets more…
Atlassian's stock skyrocketed more than 30% in after-hours trading after the company beat earnings and revenue expectations in its fiscal 2026 fourth quarter. Cloud revenue surged 31% to $1.213 billion, marking an acceleration in growth that had been decelerating in recent years. Atlassian also delivered a profit on an unadjusted basis, with operating income of $211 million and a 12% operating margin.
The company expects first-quarter revenue of $1.705 billion to $1.715 billion and fiscal 2027 growth of about 13%, with cloud revenue growth of 25.5% and subscription annual recurring revenue growth of 18%.
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