Atlassian Corp

Latest Results (03.06.2026):

Atlassian Corporation (Atlassian Corp) reported results for the third quarter of fiscal year 2026: total revenue of $1,787.0 million (up 32% year‑over‑year), cloud revenue of $1,132.4 million (up 29% year‑over‑year), GAAP operating margin of (3)% versus a non‑GAAP operating margin of 34%, and GAAP net loss of $98.4 million (‑$0.38 per diluted share). Results include $223.8 million of restructuring charges that materially affected GAAP profitability; remaining performance obligations were $3,996 million (up 37%), and cash & cash equivalents were $1.14 billion at quarter end.

Top‑line growth

Total revenue was $1,787.0M, a 32% YoY increase. Subscription revenue drove the gain; cloud revenue was $1,132.4M (+29% YoY). Data Center and Marketplace/other were $560.7M and $93.8M, respectively.

Profitability — GAAP vs non‑GAAP

On a GAAP basis Atlassian reported an operating loss of $56.3M (‑3% operating margin) and a net loss of $98.4M (‑$0.38/diluted). On a non‑GAAP basis (ex‑stock comp, amortization, restructuring) operating income was $607.2M (34% margin) and non‑GAAP net income was $456.5M ($1.75/diluted).

Restructuring impact

The quarter included $223.8M of restructuring charges (severance and lease consolidation) that reduced GAAP operating margin by about 12% and added roughly $0.85 to net loss per diluted share (net of tax effects reported).

Cash flow and capital uses

Cash & cash equivalents were $1.14B. Operating cash flow was $567.5M and free cash flow was $561.3M (31% free cash flow margin). The company repurchased roughly $991M of Class A common stock in the quarter.

Balance sheet and backlog

Remaining performance obligations (RPO) totaled $3,996M, up 37% YoY, reflecting larger and longer‑term customer commitments. Accounts receivable and deferred revenue increased in line with growth.

Operational and product momentum

Atlassian highlighted product and AI progress: Service Collection surpassed $1B ARR (growing >30% YoY); new AI capabilities (Rovo agents, Rovo Dev, Remix in Confluence, Rovo Service) and expanded MCP integrations and a deeper Google Cloud/Gemini partnership were emphasized as growth drivers. Customers with >$10k cloud ARR reached 55,913 (+10% YoY).

Guidance

Q4 FY2026 guidance: total revenue $1,653M–$1,661M; cloud revenue growth ≈25.5%. Fiscal 2026 guidance: total revenue growth ≈24.0%, cloud growth ≈26.5%. GAAP operating margin expected ≈(2.0)% for FY26 (non‑GAAP operating margin ≈29.0%).