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Dec 31, 2025
Atlassian Q2 2026 Earnings Report
Atlassian reported strong revenue growth driven by cloud momentum while remaining unprofitable on a GAAP basis.
Key Takeaways
Atlassian delivered strong Q2 FY2026 results with double-digit revenue growth led by Cloud, expanded remaining performance obligations, and solid non-GAAP profitability despite a GAAP net loss.
Revenue grew 23% year over year driven primarily by Cloud adoption
Cloud revenue surpassed $1 billion for the first time in a single quarter
Remaining performance obligations increased sharply, reflecting strong customer commitments
Non-GAAP profitability remained solid with strong operating margins
Revenue by Segment
Forward Guidance
Management guided to continued revenue growth in Q3 FY2026 with sustained cloud and data center momentum.
Positive Outlook
- Expected Q3 revenue growth continuation
- Cloud revenue growth projected above 20%
- Data Center revenue expected to grow over 30%
- Non-GAAP operating margin expected to improve
- Strong demand trends across enterprise customers
Challenges Ahead
- GAAP operating margin expected to remain around breakeven
- Marketplace revenue growth expected to be modest
- Continued investment in AI and platform innovation
- Ongoing stock-based compensation pressure
- Macroeconomic uncertainty could affect customer spending
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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