Atlassian $TEAM jumps 31% as Q4 revenue rises 28% to $1.8B

Atlassian $TEAM jumped 31% after fiscal Q4 2026 revenue grew 28% year over year to about $1.8 billion. The company’s results announcement put quarterly revenue at $1.766 billion and cloud revenue at $1.213 billion, up 31% year over year.

The software move qualified as a single-stock Tier-1 event because the stock reaction exceeded 8% and the catalyst was an earnings release with concrete numbers. Adjusted earnings were reported at $1.87 per share, while subscription annual recurring revenue reached $6.6 billion, up 23%. Atlassian also said customers with more than $3 million in cloud annual recurring revenue grew more than 50%, and customers above $5 million grew more than 70%.

The AI-linked detail mattered because it was tied to usage rather than a vague product claim. Atlassian said its MCP server and Teamwork Graph CLI crossed 1 million monthly active users, more than doubling in a single quarter. Management framed those tools as a way to connect AI agents to work data across Atlassian and third-party systems.

For the next quarter, investors will compare cloud revenue growth against the 31% Q4 pace and watch whether enterprise contract growth offsets slower mature-product growth. The key market question is whether Atlassian can keep AI workflow adoption visible in revenue, not only in usage metrics.

Not investment advice. Verify all figures with primary sources before acting.