Atlassian (TEAM) Tops Q3 EPS by 77c; offers guidance

Atlassian (NASDAQ: TEAM) reported Q3 EPS of $1.75, $0.77 better than the analyst estimate of $0.98. Revenue for the quarter came in at $1.79 billion versus the consensus estimate of $1.57 billion.

GUIDANCE:

Fourth Quarter Fiscal Year 2026:

Atlassian sees Q4 2026 revenue of $1.653-1.661 billion, versus the consensus of $1.659 billion.

Cloud revenue growth year-over-year is expected to be approximately 25.5%.
Data Center revenue growth year-over-year is expected to be approximately 8.5%.
Marketplace and other revenue growth year-over-year is expected to be approximately 6.5%.
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 4.5% on a GAAP basis and approximately 30.5% on a non-GAAP basis.

Fiscal Year 2026:

Total revenue growth year-over-year is expected to be approximately 24.0%.
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 6.5%.
Gross margin is expected to be approximately 84.5% on a GAAP basis and approximately 88.0% on a non-GAAP basis.
Operating margin is expected to be approximately (2.0%) on a GAAP basis and approximately 29.0% on a non-GAAP basis.

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

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