Atlassian (TEAM) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Atlassian published the results on November 5, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Atlassian reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Atlassian's fiscal year ends June 30, so Q1 fiscal 2027 is the quarter ended September 30, 2026.
• Atlassian announced in September 2025 that it will end-of-life its Data Center products. It stopped selling them to new customers in March 2026, will stop selling term licenses and expansions to existing customers in March 2028, and plans to end maintenance and support in March 2029.

Source: Atlassian Q1 fiscal 2027 results, November 5, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Atlassian splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Atlassian's Cloud revenue was $1.3 billion in Q1 fiscal 2027, up 31% from $998 million in Q1 fiscal 2026, 73% of total revenue.
• Atlassian's Data Center revenue was $391 million in Q1 fiscal 2027, up 5% from $373 million in Q1 fiscal 2026, 22% of total revenue.
• Atlassian's Marketplace and other revenue was $79.0 million in Q1 fiscal 2027, up 27% from $62.2 million in Q1 fiscal 2026, 4% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first two lines are Atlassian's targets for Q2 fiscal 2027; the last two are for the full fiscal year 2027.

In its Q1 fiscal 2027 release, Atlassian said:

“Total revenue is expected to be in the range of $1,825 million to $1,835 million.”

“Cloud revenue growth year-over-year is expected to be approximately 27.0%.”

“Subscription ARR growth year-over-year is expected to be approximately 18.5%.”

“Total revenue growth year-over-year is expected to be approximately 13.75%.”

Source: Atlassian Q1 FY27 release, Nov 5, 2026.

This is the company's own guidance as of Nov 5, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the TEAM forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total revenues and diluted net income (loss) per share, each as first reported in that quarter's release.

Atlassian's next report is expected around February 4, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 5, 2026

Atlassian, which makes Jira, Confluence, Loom and Rovo, reports revenue by deployment option. In Q1 fiscal 2027 Cloud brought in $1,302.5 million of $1,772.2 million in total revenues, up 31%. Data Center, the self-managed version customers host themselves, was $390.7 million, up 5%, and Marketplace and other, which includes premier support, was $79.0 million, up 27%. (Atlassian Q1 FY27 release, Nov 5, 2026; Atlassian Form 10-Q, Q1 FY27, Nov 6, 2026)

Atlassian's 10-Q says total revenue growth of $339.6 million came primarily from existing customers, who accounted for over 90% of the quarter's revenue. Subscription revenues rose $323.3 million, or 24%, which Atlassian attributes to paid seat expansion, cross-sell of additional offerings and price increases. (Atlassian Form 10-Q, Q1 FY27, Nov 6, 2026)

Data Center is being wound down. Atlassian no longer sells it to new customers as of March 2026, will stop selling term licenses and expansions to existing customers in March 2028, and plans to end maintenance and support in March 2029, while moving customers to Cloud. (Atlassian Form 10-K, fiscal 2026, Aug 14, 2026)

By geography, the Americas were $882.7 million of revenue (up 25%), EMEA $699.5 million (up 24%) and Asia Pacific $190.0 million (up 18%). No single customer contributed more than 5% of total revenues in fiscal 2026. (Atlassian Form 10-Q, Q1 FY27, Nov 6, 2026; Atlassian Form 10-K, fiscal 2026, Aug 14, 2026)

Atlassian earned GAAP net income of $91 million, or $0.35 per diluted share, against a net loss of $52 million, or $0.20 per share, a year earlier. Non-GAAP EPS was $1.65, against $1.04. The gap is mostly stock-based compensation, which Atlassian adds back: $1.39 a share in the quarter, plus $0.12 of amortization of acquired intangible assets, less $0.21 of income tax adjustments. (Atlassian Q1 FY27 release, Nov 5, 2026)

Operating income was $189 million, an 11% margin, against an operating loss of $96 million. The year-ago quarter carried $55.7 million of restructuring charges. The income tax provision was $79.5 million on pre-tax income of $170.2 million, which the 10-Q attributes to the mix of earnings across jurisdictions, valuation allowances in the U.S. and Australia, and non-deductible stock-based compensation. (Atlassian Q1 FY27 release, Nov 5, 2026; Atlassian Form 10-Q, Q1 FY27, Nov 6, 2026)

Diluted weighted-average shares were 256,850 thousand, against 262,991 thousand a year earlier. In the quarter Atlassian repurchased and retired about 3.3 million Class A shares for about $581.4 million, at an average of $174.10, and had $1.3 billion left under its $2.5 billion program. (Atlassian Q1 FY27 release, Nov 5, 2026; Atlassian Form 10-Q, Q1 FY27, Nov 6, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Atlassian publishes financial targets in its release. For Q2 fiscal 2027 it expects total revenue of $1,825 million to $1,835 million, Cloud revenue growth of about 27.0%, a Data Center revenue decline of about 14.0%, and operating margin of about 4.5% GAAP and 26.0% non-GAAP. (Atlassian Q1 FY27 release, Nov 5, 2026)

For fiscal 2027 it targets total revenue growth of about 13.75%, Subscription ARR growth of about 18.5%, Cloud revenue growth of about 26.0% and a Data Center decline of about 16.0%, with operating margin of about 5.0% GAAP and 25.5% non-GAAP. (Atlassian Q1 FY27 release, Nov 5, 2026)

A consensus figure is the average of the models published by the analysts who cover Atlassian, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Atlassian's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning TEAM is on is TEAM a buy or a sell?, what analysts expect next is on the TEAM forecast, and what the company does is on the Atlassian (TEAM) stock page.

Every number on this page can be traced to a document Atlassian published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.