What were the key takeaways from Atlassian's earnings call?

What were the key takeaways from Atlassian’s earnings call?

Did Atlassian beat or miss consensus estimates last quarter?

What factors drove the changes in Atlassian's revenue and profit?

What is the revenue and EPS growth rate for Atlassian year over year?

What is Atlassian's latest dividend and current dividend yield?

What guidance did Atlassian's management provide for the next earnings period?

What is Atlassian's gross profit margin?

- **Revenue Growth**: 21% YoY total revenue, 26% YoY cloud growth, and 42% YoY RPO driven by AI adoption.
- **AI Impact**: 3.5M monthly AI users, 50% QoQ growth, and 5% faster Jira seat expansion for AI-using customers.
- **Cloud Migration**: FY26 cloud revenue guidance raised to 22.5% YoY, with 0.5% organic growth adjustment due to migration timing.
- **Strategic Moves**: Data center end-of-life in 2029, browser company acquisition for AI-integrated browser, and consumption pricing pilots.
- **Financial Health**: Non-GAAP EPS exceeded expectations, with strong cost control and 120% net expansion rate.


**【CEO Opening Remarks】**
- Q1 FY26 revenue reached $1.4B, up 21% YoY, with cloud revenue at $998M (+26% YoY) and RPO at $3.3B (+42% YoY).
- AI adoption surged, with 3.5M monthly active AI users across the platform, up 50% QoQ.
- Teamwork collection adoption drove double-digit user growth and upgrades, consolidating competitive tools.
- Customers like Databricks, Expedia, Ford, and Wells Fargo are migrating to Atlassian's AI-powered cloud platform.

**【Q&A Highlights】**
- **Cloud Migration & Data Center End-of-Life**: CFO Joe Binz noted Q1 cloud migrations exceeded expectations, adjusting FY26 organic growth by 0.5% due to revenue timing shifts. CEO Mike emphasized cloud is the future, with data center end-of-life set for March 2029.
- **AI & Monetization**: 300K customers using AI tools saw 5% faster Jira seat expansion. AI interactions tripled QoQ, with Rovo Dev processing millions of tokens.
- **Partnerships & Go-to-Market**: Ascend program accelerates enterprise adoption, with 50% of revenue via channel. New CRO Brian Duffy is enhancing go-to-market strategies.
- **M&A Strategy**: Browser company acquisition aims to create a knowledge worker browser with AI integration. Consumption pricing models (e.g., AI credits) are being tested for monetization.
- **Financial Outlook**: Cloud revenue guidance raised to 22.5% YoY, driven by migrations. Non-GAAP EPS exceeded expectations, with strong cost control.


Atlassian Corporation (TEAM) Q1 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

TEAM

TEAM fundamentals

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