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flag Atlassian beat earnings estimates in Q1 2026, driven by strong AI-powered cloud growth and cash flow.

flag Atlassian reported stronger-than-expected fiscal Q1 2026 results, with revenue of $1.43 billion and adjusted earnings of $1.04 per share, surpassing forecasts. flag The 21% year-over-year revenue growth was driven by a 26% increase in Cloud revenue and a "relentless pace of AI innovation." flag The company generated $129 million in operating cash flow and $115 million in free cash flow, ending the quarter with $2.8 billion in cash and equivalents. flag Despite mixed full-year guidance, shares rose on the positive performance.

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