Atlassian Stock Soars on AI-Driven Earnings Beat – Is $250 Next?
Earnings Beat and Outlook Atlassian’s Oct 30 earnings (for the quarter ended Sept. 30) exceeded projections. Revenue hit $1.433 billion, a 21% year-over-year jump investing.com, while cloud revenue grew 26% to $998 million investing.com. Adjusted EPS was $1.04, topping estimates by $0.20 investing.com. CEO Mike Cannon-Brookes hailed the result as an “AI innovation” success: “Our relentless pace of AI innovation is driving results…” investing.com. He cited 3.5 M monthly users of Atlassian’s AI tools (a 50% quarterly rise) and strong enterprise sales. CFO Joe Binz added that “we’re off to a solid start in FY26… driving durable long-term growth” investing.com. Looking ahead, Atlassian guided