TEAM Q2 2026 Earnings

Call Details

• Call Title: Atlassian Corporation Q2 2026 Earnings Call
• Date: February 5, 2026 at 10:00 PM UTC
• Management Team:
  • Martin Lam (Head of Investor Relations)
  • Mike Cannon-Brookes (Chief Executive Officer)
  • Joe Binz (Chief Financial Officer)

Call Summary

Financial Performance

• Atlassian reported surpassing $6 billion in annual run rate revenue at quarter end.
• The company delivered its first $1 billion cloud revenue quarter, up 26% year over year.
• Remaining performance obligations (RPO) grew 44% year over year to $3.8 billion.
• The company reported crossing 65,000 customers for its service collection product.
• Record number of deals greater than $1 million ACV were closed in Q2, nearly doubling year over year.
• Cloud migrations contributed a mid to high single-digit impact to cloud revenue growth in Q2.

Guidance

• There is no change to the midterm outlook calling for 20% plus compounded annual revenue growth through FY27.
• The company reiterated its commitment to 25% plus non-GAAP operating margin in FY27.
• The company said it is taking a conservative and risk-adjusted approach to short-term FY26 guidance.
• CFO stated continued confidence in the long-term cloud guide and the company’s ability to drive healthy cloud revenue growth.
• Management emphasized expected cloud growth drivers of enterprise, AI, and system-of-work transformations.
• CFO warned that the Data Center (DC) segment is expected to be meaningfully down next year on a tough comp.