Atlassian reports Q1 EPS $1.04, consensus 84c

Reports Q1 revenue $1.43B, consensus $1.40B. “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,” said Mike Cannon-Brookes, Atlassian’s (TEAM) CEO and co-Founder. “Our customers are choosing us as their strategic AI platform – not only for the innovation we’re shipping – but for the enterprise security, governance, and permissioning, underpinned by our Teamwork Graph and powering the business processes and workflows of over 300,000 customers. With Rovo’s AI capabilities at the center, we’re enabling all teams to unleash enterprise knowledge at scale.” “We’re off to a solid start in FY26, with strong enterprise sales execution and migration momentum driving total revenue to over $1.4 billion, up 21% year-over-year, and RPO to $3.3 billion, up 42% year-over-year in Q1,” said Joe Binz, Atlassian’s CFO. “The investments we are making across our strategic priorities of enterprise, AI, and System of Work are delivering great progress and position us well to drive durable long-term growth and profitability.” “We’re off to a solid start in FY26, with strong enterprise sales execution and migration momentum driving total revenue to over $1.4 billion, up 21% year-over-year, and RPO to $3.3 billion, up 42% year-over-year in Q1,” said Joe Binz, Atlassian’s CFO. “The investments we are making across our strategic priorities of enterprise, AI, and System of Work are delivering great progress and position us well to drive durable long-term growth and profitability.”