Atlassian stock has soared 166% from its April 52-week low of $56, defying broader software sector declines. The company reported fourth-quarter revenue of $1.77 billion, beating Wall Street's $1.66 billion forecast and growing 28% year-over-year, while swinging to a GAAP profit of $139.1 million from a $23.9 million loss a year earlier. Adjusted profit reached $473.1 million, up 83%, and fiscal 2026 adjusted profit hit $1.53 billion, a 56% increase. CEO Mike Cannon-Brookes announced plans to buy $250 million worth of Atlassian shares on the open market, citing strong momentum from its Rovo AI platform, which is driving annual recurring revenue growth twice as fast among adopters.
Atlassian Corp PlcQ4 revenue and profit beat, plus CEO's $250M share buyback plan.
