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Atlassian shares jump 35% after fiscal Q4 earnings beat

The company reported Q4 EPS of $1.87, up to reflect a 24.7% beat versus expectations, alongside $1.77 billion in revenue and ARR growth to $6.61 billion.

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Atlassian’s shares surged 35% on Friday, Aug. 7, after the company posted strong fiscal Q4 2026 results that energized investors and drove analysts to raise targets.

MarketBeat Ratings said Atlassian reported Q4 EPS of $1.87, beating consensus by 24.7%, with revenue of $1.77 billion, representing more than 27% year over year growth.

The company also highlighted subscription momentum, with annual recurring revenue rising 23% year over year to $6.61 billion, while Remaining Performance Obligations grew 44% year over year to $4.82 billion.

Despite the upbeat quarter, Atlassian guided for slower growth in fiscal 2027, projecting total revenue growth of 13% year over year, and guided for a 17% contraction in Data Center revenue as it shifts those customers to the Cloud, according to MarketBeat Ratings.

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