Atlassian Q4 revenue beats estimates on cloud demand, RPO surges on enterprise AI adoption

Atlassian

06/08/2026 21:23

Overview
US collaboration software firm's fiscal Q4 revenue rose 28% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q4 was $0.55; no consensus estimate available for comparison
CEO announced plan to purchase up to $250 mln in company shares
RPO surges 44% to $4.82 billion, signaling deepening enterprise commitments
Shares of the company soared more than 28% in extended trading

Outlook
Atlassian expects Q1 2027 revenue between $1.705 bln and $1.715 bln
Company sees FY 2027 total revenue growth of about 13%
Atlassian expects FY 2027 cloud revenue growth of about 25.5%

Result Drivers
CLOUD REVENUE GROWTH - Cloud revenue rose 31% yr/yr, with management citing accelerated adoption of AI-powered collaboration tools
ENTERPRISE DEMAND - Co said enterprises are deepening commitment to its platform, driving higher subscription ARR and remaining performance obligations
AI AND PLATFORM INNOVATION - New AI-native features and agentic development capabilities in Jira and other products contributed to customer adoption, per management

Company press release: ID:nBw543D0Qa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$1.77 bln
$1.66 bln (27 Analysts)
Q4 EPS
 
$0.55
 
Q4 Net Income
 
$139.08 mln
 
Q4 Gross Profit
 
$1.53 bln
 
Q4 Operating Expenses
 
$1.32 bln
 
Q4 Operating Income
 
$210.72 mln
 
Q4 Pretax Profit
 
$196.93 mln
 
Q4 Subscription Revenue
 
$1.68 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 27 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for Atlassian Corp is $117.50, about 3.7% above its August 5 closing price of $113.32
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 6 - Datadog Q2 revenue beats on large customer growth, AI adoption
Aug 6 - Appian Q2 revenue rises 19% on cloud subscriptions growth
Aug 5 - Figma's upbeat outlook fails to stem margin worries as AI costs mount; shares slump 

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)