Earnings Releases·Nov 5, 2026, 4:09 PM ET

Atlassian — First Quarter Fiscal Year 2027 Earnings Summary

Total revenue reached $1,772 million, a 24% year-over-year increase, while GAAP operating income turned positive at $189 million (11% margin) compared to a $96 million loss in the prior year period; non-GAAP operating income rose 78% to $576 million.
Guidance for Q2 FY2027 projects total revenue between $1,825 million and $1,835 million with non-GAAP operating margins of approximately 26%, while full-year FY2027 revenue growth is forecast at 13.75% and Cloud revenue growth at 26.0%.
The company executed $588 million in stock repurchases during the quarter and reported Service Collection surpassing $1 billion in ARR with over 70,000 customers.
Strategic initiatives include an expanded partnership with OpenAI, the introduction of the Agentic Multiplayer Protocol (AMP), and accelerated government cloud compliance with an IL5 submission timeline moved to July 2028.