Atlassian earnings date
Atlassian (48D) Q1 2027 Earnings Report
CH:48D Q1 2027 EPS Results
- Actual EPS
- CHF 1.38
- Consensus EPS
- CHF 1.20
- Beat/Miss
- Beat by +CHF 0.18
- One Year Ago EPS
- CHF 0.87
CH:48D Q1 2027 Revenue Results
- Actual Revenue
- CHF 1.48B
- Expected Revenue
- CHF 1.43B
- Beat/Miss
- Beat by +CHF 48.61M
- YoY Revenue Growth
- +23.71%
Earnings Announcement Details
- Quarter
- Q1 2027
- Date
- 11/05/2026
- Time
- After Close
- Conference Call
- Thursday, November 5, 2026
Atlassian's next earnings date is estimated for February 4, 2027, based on past reporting schedules.
Q1 2027 Earnings Call Audio
Q1 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q1 2027 Earnings Call Summary
The call was strongly positive, supported by 24% total revenue growth, 31% Cloud revenue growth, a 304% year-over-year increase in free cash flow, accelerating RPO, broad customer expansion and rapid adoption of Rovo, AMP and the Teamwork Collection. Management also highlighted strong retention, gross margin expansion and a substantial enterprise opportunity. The principal concerns were expected growth deceleration, tougher comparisons, macro and geopolitical uncertainty, revenue-mix effects from hybrid deployments, and limited near-term contribution from usage-based pricing. Highlights significantly outweighed lowlights.
Management said the Q2 Cloud revenue guide reflects about 4 points of deceleration, while the full-year guide is being set with a thoughtful and prudent approach amid uncertainty around the macro environment, fiscal policy and geopolitical landscape; Data Center migrations to Cloud contributed approximately mid- to high single digits to Cloud revenue growth this quarter, and the impact of hybrid deployments was characterized as modestly less than what we had expected. The company expects to submit for IL5 or Impact Level 5 authorization 6 months early, ahead of schedule for July 2028, submit for FedRAMP High authorization in January '29, and submit for Rovo and AI on its Atlassian Government Cloud platform in June 2027. Usage-based pricing enforcement begins in early December, but it is not a near-term revenue driver, and Atlassian is not assuming any meaningful UBP revenue in FY '27 at the moment.
- Strong Fiscal 2027 StartTotal revenue grew 24% to $1.8 billion. Cloud revenue grew 31% to $1.3 billion, subscription ARR grew 23% to $6.8 billion, GAAP operating margin was 11%, and free cash flow was $463 million, up 304% year-over-year, representing a 26% free cash flow margin.
- Robust Customer CommitmentsRemaining performance obligations grew 44% year-over-year to $4.7 billion, while customers spending more than $1 million annually grew well north of 30% year-over-year. Customers including Infosys, SAP, Workday and Westpac expanded substantially on the Atlassian platform.
- Continued Cloud ExpansionThe company reported continued strong seat expansion in Jira and Confluence, along with strong cross-sell into its collections. Competitive displacement seat growth was up over 40% year-over-year.
- Teamwork Collection AdoptionMore than 3,000 customers upgraded to the Teamwork Collection for expanded Rovo credits and platform capabilities, a 7x increase year-over-year. Teamwork Collection customers receive 10x more Rovo credits, run twice as many agents, and expand Jira and Confluence seats much faster than stand-alone customers.
- Service Collection MomentumThe Service Collection surpassed 70,000 customers, with ARR growing north of 30% as Atlassian continued to take market share. The Service Collection reached $1 billion of ARR.
- Growing Teamwork Graph ScaleThe Teamwork Graph now connects more than 250 billion objects and relationships and extends across customers' third-party tools through more than 80 out-of-the-box connectors. Customers with a richer Teamwork Graph are twice as likely to become deep Rovo adopters, and deep adopters grow ARR more than twice as fast as customers with light Rovo usage.
- Rapid Human-Agent Collaboration GrowthMore than 10 million human-agent collaborations occur on the Atlassian platform each month, double the level six months ago. Agentic automation was up 9x year-over-year and also exceeded 10 million monthly events.
- AMP Launch and AI GovernanceAt Team '26 Europe, Atlassian introduced its Agentic Multiplayer Protocol as a collaboration layer across the platform. The company is adding visibility, security, governance, nonhuman identities, permissioning and compliance controls for agents. More than 87% of enterprise Cloud customers are now using Rovo.
- Strong Rovo and MCP UsageAtlassian reported more than 2 million MCP servers and 15 million MCP tool calls per day. Rovo was described as outperforming other AI systems customers use, based on customer feedback.
- Forward-Deployed Engineer ProgramThe forward-deployed engineer program is going extremely well after a couple of quarters. Atlassian is working with many large customers through fully qualified AI and ML engineers who write production customer and product code, help activate AI workflows, and train customer teams to continue deployments independently.
- Strong Enterprise and Expansion OpportunityAtlassian is present in 85% of the Fortune 500, which currently represents about 10% of revenue. Customers spending more than $3 million grew at over 50% year-over-year, while customers at the $5 million level grew at 70% year-over-year.
- Healthy Retention and Growth IndicatorsManagement described net retention as well over 120%, subscription ARR growth as 22.5% in the later discussion, Cloud revenue growth as still north of 30%, current RPO growth as 28%, and overall RPO growth as 44%.
- Data Center Retention and Cloud Migration ProgressData Center performance benefited from strong retention among large, complex customers and commitments around public-sector capabilities. Data Center migrations to Cloud contributed approximately mid- to high single digits to Cloud revenue growth. Customers that move from Data Center to Cloud increase their spend 1.75x three years later, according to management.
- Public-Sector Cloud Road MapAtlassian said it submitted for IL5 or Impact Level 5 authorization six months early, ahead of schedule for July 2028; plans a FedRAMP High authorization submission in January 2029; and plans to submit Rovo and AI on Atlassian Government Cloud in June 2027.
- Stable or Improving Gross Margin Despite AI UsageGross margin reached 85.2%, up 3% year-over-year, despite significantly increased AI usage. Management attributed this to platform investments, model blending, improved token efficiency and collaboration among the finance, engineering and infrastructure teams.
- Broad-Based Demand and Workflow ExpansionManagement reported strong demand at both the SMB and enterprise levels, with seat expansion across business, software and service teams. Existing customers continue to bring additional workflows and business processes onto the Atlassian platform.
CH:48D Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 04, 2027 | 2027 (Q2) | 1.14- | 1.02 | ― | ― |
| Nov 05, 2026 | 2027 (Q1) | 1.201.38 | 0.87 | 58.65% (+0.51) | |
| Aug 06, 2026 | 2026 (Q4) | 1.251.56 | 0.82 | 90.82% (+0.74) | |
| Apr 30, 2026 | 2026 (Q3) | 1.111.46 | 0.81 | 80.41% (+0.65) | |
| Feb 05, 2026 | 2026 (Q2) | 0.961.02 | 0.8 | 27.08% (+0.22) | |
| Oct 30, 2025 | 2026 (Q1) | 0.700.87 | 0.64 | 35.06% (+0.23) | |
| Aug 12, 2025 | 2025 (Q4) | 0.700.82 | 0.55 | 48.48% (+0.27) | |
| May 01, 2025 | 2025 (Q3) | 0.750.81 | 0.74 | 8.99% (+0.07) | |
| Jan 30, 2025 | 2025 (Q2) | 0.630.80 | 0.61 | 31.51% (+0.19) | |
| Oct 31, 2024 | 2025 (Q1) | 0.530.64 | -0.08 | 955.56% (+0.72) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
