Atlassian Corp

Latest Results (14.07.2026):

Atlassian Corp — Third Quarter Fiscal Year 2026: Atlassian reported strong top-line growth with total revenue of $1,787.0M, up 32% year‑over‑year, driven by cloud momentum; however GAAP results were affected by restructuring charges, producing a GAAP net loss of $98.4M (EPS -$0.38) while non‑GAAP metrics show substantial profitability (non‑GAAP net income $456.5M, EPS $1.75).

Revenue

Total revenue was $1,787.0 million in Q3 FY2026, a 32% increase year‑over‑year. Remaining performance obligations (RPO) rose 37% to $3,996 million, signaling strong forward‑looking contracted revenue.

Cloud & Deployment Mix

Cloud revenue was $1,132.4M, up 29% YoY. Data Center revenue was $560.7M and Marketplace/other $93.8M. Atlassian ended the quarter with 55,913 customers having >$10,000 in Cloud ARR (up 10% YoY).

GAAP vs Non‑GAAP Profitability

GAAP operating loss was $56.3M (operating margin -3%) and GAAP net loss $98.4M (EPS -$0.38). On a non‑GAAP basis, operating income was $607.2M (34% margin) and non‑GAAP net income was $456.5M (EPS $1.75), reflecting adjustments for stock‑based comp, amortization and restructuring.

Restructuring Charges

Atlassian recorded $223.8M of restructuring charges in Q3 (severance and lease consolidation), which reduced GAAP operating margin by ~12% and materially widened GAAP losses for the quarter.

Cash, Balance Sheet & Capital Activity

Cash and cash equivalents totaled ~$1.14B at March 31, 2026. Long‑term debt was ~$989.1M. The company repurchased ~$991M of Class A shares during the quarter, a key driver of the cash decline versus prior year.

Cash Flow & Free Cash Flow

Cash flow from operations was $567.5M and free cash flow was $561.3M for the quarter, yielding a free cash flow margin of ~31%—supporting both investment and buybacks despite GAAP losses.

Product & AI Momentum

Management highlighted product progress: Service Collection passed $1B ARR (growing >30% YoY), new agentic AI features (Rovo, Rovo Dev, Remix), expanded MCP integrations and a deeper Google Cloud/Gemini partnership—positioned as growth drivers.

Outlook (Guidance)

Q4 FY2026 revenue guidance: $1,653M–$1,661M (cloud growth ~25.5%). Full‑year FY2026 targets: total revenue growth ~24%, cloud growth ~26.5%; GAAP operating margin expected ~(2%) and non‑GAAP operating margin ~29%.