Atlassian (TEAM) Tops Q4 EPS by 37c, Offers Guidance

Atlassian (NASDAQ: TEAM) reported Q4 EPS of $1.87, $0.37 better than the analyst estimate of $1.50. Revenue for the quarter came in at $1.77 billion versus the consensus estimate of $1.66 billion.

GUIDANCE:

Atlassian sees Q1 2027 revenue of $1.705-1.715 billion, versus the consensus of $1.67 billion.

First Quarter Fiscal Year 2027:

• Total revenue is expected to be in the range of $1,705 million to $1,715 million.
• Cloud revenue growth year-over-year is expected to be approximately 28.5%.
• Data Center revenue growth year-over-year is expected to decline approximately (4.0%).
• Marketplace and other revenue growth year-over-year is expected to be approximately 12.5%.
• Gross margin is expected to be approximately 85.0% on a GAAP basis and approximately 87.0% on a non-GAAP basis.
• Operating margin is expected to be approximately 6.5% on a GAAP basis and approximately 28.5% on a non-GAAP basis.
• Fiscal Year 2027:
• Subscription ARR growth year-over-year is expected to be approximately 18.0%.
• Total revenue growth year-over-year is expected to be approximately 13.0%.
• Cloud revenue growth year-over-year is expected to be approximately 25.5%.
• Data Center revenue growth year-over-year is expected to decline approximately (17.0%).
• Marketplace and other revenue growth year-over-year is expected to be approximately 12.0%.
• Gross margin is expected to be approximately 84.5% on a GAAP basis and approximately 86.5% on a non-GAAP basis.
• Operating margin is expected to be approximately 4.5% on a GAAP basis and approximately 25.0% on a non-GAAP basis.

For earnings history and earnings-related data on Atlassian (TEAM) click here.

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