NEW YORK, August 9, 2026, 17:25 EDT — U.S. equity markets are closed for the weekend and reopen Monday.
Atlassian Corporation NASDAQ:TEAM closed Friday at $149.07, up $38.95, or 35.35%. Shares traded between $139.30 and $153.13 on volume of 20.1 million.
| Friday market measure | Value |
|---|---|
| Previous close | $110.12 |
| Friday close | $149.07 |
| Daily change | +35.35% |
| Intraday range | $139.30-$153.13 |
| Volume | 20.1 million |
The rally followed fiscal fourth-quarter revenue of $1.77 billion, above the $1.66 billion LSEG estimate. Adjusted earnings were $1.87 a share, versus the $1.50 consensus.
The quarter also produced a sharp profit turn. GAAP operating income reached $211 million, compared with a $28 million loss one year earlier.
| Q4 measure | FY2026 | FY2025 | Change |
|---|---|---|---|
| Total revenue | $1.766 billion | $1.384 billion | +28% |
| GAAP operating income | $211 million | -$28 million | Turned positive |
| GAAP net income | $139 million | -$24 million | Turned positive |
| Non-GAAP diluted EPS | $1.87 | $0.98 | +91% |
| Free cash flow | $475 million | Not stated in release summary | 27% margin |
Cloud revenue grew 31%, three points faster than total revenue. Remaining performance obligations rose 44% to $4.82 billion, strengthening near-term revenue visibility.
CEO Mike Cannon-Brookes said, “In the AI era, context is the edge.” Atlassian’s MCP server and Teamwork Graph command-line tool passed one million monthly active users. U.S. Securities and Exchange Commission
The fiscal 2027 outlook reveals a widening product split. Cloud growth is targeted at 25.5%, nearly double the 13% total-revenue target, while Data Center revenue is expected to fall 17%.
| FY2027 target | Year-over-year growth |
|---|---|
| Subscription ARR | About 18.0% |
| Total revenue | About 13.0% |
| Cloud revenue | About 25.5% |
| Data Center revenue | About -17.0% |
| Marketplace and other revenue | About 12.0% |
Cannon-Brookes also disclosed plans to buy up to $250 million of Class A stock through a trading plan. At Friday’s close, that sum equals roughly 1.68 million shares, or 0.64% of fiscal 2026’s diluted weighted-average share count.
Analysts lifted targets after the report, but the range stayed wide. Oppenheimer set the highest listed target at $200, while Truist moved to $160 and BTIG to $180.
| Analyst | Recommendation | New target | Prior target |
|---|---|---|---|
| Oppenheimer | Outperform | $200 | $110 |
| BTIG | Buy | $180 | $130 |
| Truist | Buy | $160 | $100 |
| KeyCorp | Overweight | $185 | Reaffirmed |
Those targets imply 7.3% to 34.2% upside from Friday’s close. The spread shows that the earnings beat resolved the immediate demand question, but not the valuation debate.
Risks remain concentrated in the transition. Total-revenue growth is projected to slow to 13% from 26% in fiscal 2026, so weaker cloud demand could expose the planned 17% Data Center decline.
The first test this week is whether buyers keep the shares above Friday’s $139.30 low. That level sits 6.6% below the close and marks the bottom of the post-results trading range.
The founder purchase is not immediate. The plan must pass a required cooling-off period, and completed trades will appear in Form 4 filings when disclosure is required.
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