Atlassian cites Q4 Teamwork Graph, context boom

Atlassian reported strong fiscal fourth quarter results with revenue growth of 28% and cloud revenue growth of 31%.

The company delivered fourth quarter earnings of $139 million, or 55 cents a share, on revenue of $1.766 billion. Non-GAAP earnings were $1.87 a share. Wall Street was looking for Atlassian to report non-GAAP earnings of $1.50 a share on revenue of $1.65 billion.

CEO Mike Cannon‑Brookes said Atlassian's MCP server and Teamwork Graph CLI topped 1 million monthly active users, more than doubling from the third quarter. Cannon-Brookes said customers were leveraging Atlassian's platform to deliver context to AI. "In the AI era, context is the edge but it's hard to build and can't be hired," he said.

Cannon-Brookes said in a shareholder letter that the company's Teamwork Graph is its most underappreciated asset. He said:

"In an enterprise, the hardest problems are often coordination problems - weeks lost waiting for a decision, a handoff, or a dependency to clear. While most of the market focuses on helping individuals move faster, our platform is built around how human and human/AI teams move better, together.

And as we move into a world of greater human/AI collaboration where agents take on more execution, the challenge shifts from doing the work to orchestrating it. This is where Atlassian has always played, and where our advantage is compounding. The world runs on teams. Teams run on context. We connect the two."

• Atlassian makes its case: Context is our strategic moat
• Constellation ShortList™ Incident Management
• Constellation ShortList™ Collaborative Product Development Solutions
• Constellation ShortList™ DevOps
• Constellation ShortList™ Employee Digital Workspaces

Atlassian's platform is being used to deliver more accurate results with AI. During the quarter, Atlassian launched new agentic development tools in Jira as well as AI governance controls.

The Teamwork Graph has more than 200 billion objects and connections across customers and Atlassian said agents grounded in the context graph consume 48% fewer tokens.

For 2026, Atlassian reported a net loss of $54 million, or 21 cents a share, on revenue of $6.57 billion, up 26% from the prior year.

Other key items:

• Atlassian named Ken Exner its new chief product officer for its enterprise and emerging units with a focus on service, strategy, product, software and security and compliance. Exner joins from Elastic and was among AWS' early employees.
• Cannon-Brookes said he will make open market purchases up to $250 million in Atlassian shares.

As for the outlook, Atlassian projected first quarter revenue to be between $1.705 billion and $1.715 billion with cloud revenue growth of 28.5%. For fiscal 2027, Atlassian is projecting revenue growth of 13%, subscription ARR growth of 18% and cloud revenue growth of about 25.5%.