Shareholder letter / filing capturedNo transcript↓ Falling
AI Surface Over Time
A historical globe of Atlassian’s named AI products, capabilities, partnerships, use cases, and executive themes across the latest 4 quarters, with each theme anchored to when it first appeared.
97 normalized themesLatest: Q2 FY2026
Q3 FY2025Q4 FY2025Q1 FY2026Q2 FY2026Positioned by first-seen quarter
We delivered our first-ever $1 billion Cloud revenue quarter
Evidence snippet
Atlassian Q2 FY2026
our investments across enterprise, AI and system of work are yielding results
Evidence snippet
Atlassian Q2 FY2026
2.3 million AI monthly active users
Evidence snippet
Atlassian Q2 FY2026
Rovo Dev in the Command Line Interface
Evidence snippet
AI Thesis
Atlassian highlights explicit AI strategy through its branded collections (Teamwork Collection, AI-powered Service Collection) and an AI-first product named Rovo (5M MAUs). Management ties AI investments to enterprise monetization and deeper customer commitments. Key AI signals: use of AI agents and an "AI-powered system of work" across marketing and service workflows. Financially, Q2 FY2026 total revenue was $1,586.3M (up 23% YoY), non-GAAP operating income $430.2M, non-GAAP net income $320.9M, non-GAAP gross margin 88%, and free cash flow $168.5M. Atlassian guides Q3 revenue of $1,689M–$1,697M and reiterates FY26 margin and growth targets. Management emphasizes enterprise sales, partner execution, and AI investments as drivers of momentum.
Quarterly Movement
Movement Read
Falling: Atlassian is currently showing weaker or slower AI narrative momentum than the prior quarter.
Momentum currently reads -70.0%.
Evidence Snippets
Executive signal
We delivered our first-ever $1 billion Cloud revenue quarter
Transcript / release tone extraction
Tone evidence
our investments across enterprise, AI and system of work are yielding results
Transcript / release tone extraction
Narrative evidence
We delivered our first-ever $1 billion Cloud revenue quarter
Narrative signal extraction
Narrative evidence
partner with AI agents to power workflows
Narrative signal extraction
AI Products
Rovo
Teamwork Collection
Service Collection
Jira Service Management
Customer Service Management
Strategic AI Partnerships
None extracted
AI Capabilities
AI agents
human-AI collaboration
agentic workflows
AI Primitives
None extracted
Major Customers
Rovo surpassed 5 million monthly active users
More than 65,000 organizations rely on Jira Service Management
Customer Use Cases
marketing workflow automation with AI agents
service management workflow automation
Developer Tools
None extracted
AI Initiatives
AI-powered system of work
Management Focus Topics
enterprise AI
AI-powered service management
system of work
Narrative Risk Signals
standard forward-looking statement risk boilerplate
Monetization Signals
first-ever $1 billion Cloud revenue quarter
RPO up 44% yielding longer-term customer commitments
Cloud ARR customer growth
Guidance Topics
Q3 total revenue guidance
Cloud revenue growth outlook
gross margin and operating margin outlook
Financial Signals
Revenue: $1.586 billion
Revenue Growth YoY: 23%
Gross Margin: 88%
Operating Income: $430.2 million
Net Income: $320.9 million
Free Cash Flow: $168.5 million
Next-Quarter Revenue Guidance: Q3 FY2026 revenue: $1,689.0 to $1,697.0 million.
Full-Year Revenue Guidance: Not mentioned
How The Story Is Framed
Internal attribution: enterprise sales and partner execution drove revenue
Internal attribution: investments across enterprise, AI and system of work are yielding results
External headwind: forward-looking statements note macro, tax, regulatory and other external risks