Atlassian (TEAM) Tops Q2 EPS by 34c, Offers Guidance

Atlassian (NASDAQ: TEAM) reported Q2 EPS of $0.96, $0.34 better than the analyst estimate of $0.62. Revenue for the quarter came in at $1.29 billion versus the consensus estimate of $1.23 billion.

GUIDANCE:

Atlassian sees Q3 2025 revenue of $1.345-1.353 billion, versus the consensus of $1.32 billion.

• Atlassian is providing its financial targets as follows:
• Third Quarter Fiscal Year 2025:
• Total revenue is expected to be in the range of $1,345 million to $1,353 million.
• Cloud revenue growth year-over-year is expected to be approximately 23.5%.
• Data Center revenue growth year-over-year is expected to be approximately 7.0%.
• Marketplace and other revenue growth year-over-year is expected to be approximately flat.
• Gross margin is expected to be approximately 82.0% on a GAAP basis and approximately 84.5% on a non-GAAP basis.
• Operating margin is expected to be approximately (3.0%) on a GAAP basis and approximately 23.5% on a non-GAAP basis.
• Fiscal Year 2025:
• Total revenue growth year-over-year is expected to be in the range of 18.5% to 19.0%.
• Cloud revenue growth year-over-year is expected to be approximately 26.5%.
• Data Center revenue growth year-over-year is expected to be approximately 21.5%.
• Marketplace and other revenue growth year-over-year is expected to be approximately 8.5%.
• Gross margin is expected to be in the range of 81.5% to 82.0% on a GAAP basis and in the range of 84.0% to 84.5% on a non-GAAP basis.
• Operating margin is expected to be approximately (4.0%) on a GAAP basis and approximately 23.5% on a non-GAAP basis.

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

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