Atlassian (TEAM) Tops Q2 EPS by 49c; offers guidance

Atlassian (NASDAQ: TEAM) reported Q2 EPS of $1.22, $0.49 better than the analyst estimate of $0.73. Revenue for the quarter came in at $1.59 billion versus the consensus estimate of $1.21 billion.

GUIDANCE:

Third Quarter Fiscal Year 2026:

Atlassian sees Q3 2026 revenue of $1.689-1.697 billion, versus the consensus of $1.65 billion.

Cloud revenue growth year-over-year is expected to be approximately 23.0%.
Data Center revenue growth year-over-year is expected to be approximately 33.5%.
Marketplace and other revenue growth year-over-year is expected to be approximately 5.0%.
Gross margin is expected to be approximately 85.5% on a GAAP basis and approximately 88.0% on a non-GAAP basis.
Operating margin is expected to be approximately 0.0% on a GAAP basis and approximately 27.5% on a non-GAAP basis.

Fiscal Year 2026:

Total revenue growth year-over-year is expected to be approximately 22.0%.
Cloud revenue growth year-over-year is expected to be approximately 24.3%.
Data Center revenue growth year-over-year is expected to be approximately 20.0%.
Marketplace and other revenue growth year-over-year is expected to be approximately 6.0%.
Gross margin is expected to be approximately 84.0% on a GAAP basis and approximately 87.0% on a non-GAAP basis.
Operating margin is expected to be approximately (3.0%) on a GAAP basis and approximately 25.5% on a non-GAAP basis.

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

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