Atlassian Corp Class A

TEAM: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Atlassian Earnings: Strong Quarter, Cautious Outlook

Eric Compton

Nov 6, 2026

Atlassian's fiscal first-quarter revenue rose 24% to $1.77 billion, above the top of guidance, as cloud revenue grew 31%. Non-GAAP operating margin of 32.5% beat the 28.5% guide. Even so, shares fell about 17% after hours as the outlook implies slower growth for the rest of the year.

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Atlassian Corp Class A

Atlassian Earnings: Strong Quarter, Cautious Outlook

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