Atlassian Beats Q4 Estimates on Strong Cloud Growth and AI Adoption

Key Facts

1Atlassian's Q4 revenue and non-GAAP EPS both exceeded market expectations.

2Cloud revenue grew 31% year-over-year, with subscription revenue now accounting for 95% of the total.

3Adoption of AI features, specifically Rovo, is accelerating annual recurring revenue (ARR) growth.

Atlassian's Q4 revenue and non-GAAP earnings per share exceeded market expectations. Seeking Alpha reported that cloud revenue grew 31% year-over-year, with subscription revenue now accounting for 95% of the company's total revenue.

The adoption of AI features, specifically the Rovo tool, is accelerating annual recurring revenue growth. TEAM stock closed at $192.61 on September 24, 2026, having reached a day high of $198 during the session.