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The Zacks Consensus Estimate for TEAM’s first-quarter fiscal 2027 earnings is pegged at $1.39, implying a 33.7% increase from the year-ago quarter. Estimates have remained unchanged for the past 60 days.
TEAM’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23.54%.
For the first quarter of fiscal 2027, TEAM expects total revenues in the range of $1,705 million to $1,715 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.71 billion, implying a 19.4% increase from the year-ago quarter.
Factors Likely to Influence Atlassian’s Q1 Results
Atlassian’s first-quarter fiscal 2027 performance is likely to have benefited from sustained demand for cloud-based collaboration software, enterprise workflow automation and AI-enabled productivity tools. The company’s expanding enterprise relationships, continued cloud migration and growing adoption of Rovo are expected to have supported business momentum in the to-be-reported quarter. Increasing digitalization of workplace operations and the broader adoption of AI agents are also likely to have contributed to demand for Atlassian’s collaboration and workflow solutions.
Cloud adoption and enterprise expansion are likely to have remained key growth drivers during the quarter. Management expects cloud revenues to grow approximately 28.5% year over year in the first quarter of fiscal 2027. Continued migration of enterprise customers to cloud-based platforms, along with larger customer commitments, is expected to have supported subscription revenue growth. The growing adoption of AI-enabled collaboration tools is likely to have supported Atlassian’s performance.
More than 80% of Fortune 500 companies were using Rovo in the fourth quarter of fiscal 2026, while Rovo-assisted actions increased 50% sequentially. Atlassian’s recent introduction of agentic software development capabilities and enhancements to its Teamwork Graph are also likely to have strengthened customer engagement and expanded opportunities for AI-driven workflow management. These factors are expected to have remained a tailwind in the to-be-reported quarter.
Meanwhile, Atlassian’s enterprise business is expected to have benefited from increasing demand for integrated collaboration, application development and service management solutions. The company’s product portfolio, including Jira, Confluence, Bitbucket and Trello, is likely to have supported cross-selling opportunities across corporate functions. Atlassian’s profitability in the to-be-reported quarter is likely to have been supported by continued revenue growth and operational discipline.
However, investments in AI infrastructure, research and development, and enterprise sales are expected to have weighed on margins. TEAM’s management expects first-quarter fiscal 2027 non-GAAP gross margin of approximately 87% and non-GAAP operating margin of approximately 28.5%.
What Our Model Says for TEAM Stock?
Our proven model does not conclusively predict an earnings beat for Atlassian this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Though Atlassian carries a Zacks Rank #3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Microchip Technology is set to report second-quarter fiscal 2027 results on Nov. 5. Microchip Technology shares have climbed 19.5% year to date.
Trimble (TRMB - Free Report) has an Earnings ESP of +1.16% and carries a Zacks Rank #3 at present. Trimble is set to report third-quarter 2026 results on Nov. 4. Trimble shares have lost 15.9% year to date.
Camtek (CAMT - Free Report) has an Earnings ESP of +0.85% and a Zacks Rank #2 at present. Camtek is slated to report third-quarter 2026 results on Nov. 4. Camtek shares have climbed 1.8% year to date.
View the Zacks #1 Rank List
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TEAM Set to Report Q1 Earnings: What's in Store for the Stock?
Key Takeaways
Atlassian (TEAM - Free Report) is scheduled to report first-quarter fiscal 2027 results on Nov. 5, 2026, after market close.
The Zacks Consensus Estimate for TEAM’s first-quarter fiscal 2027 earnings is pegged at $1.39, implying a 33.7% increase from the year-ago quarter. Estimates have remained unchanged for the past 60 days.
TEAM’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 23.54%.
For the first quarter of fiscal 2027, TEAM expects total revenues in the range of $1,705 million to $1,715 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $1.71 billion, implying a 19.4% increase from the year-ago quarter.
Atlassian Corporation PLC Price and EPS Surprise
Atlassian Corporation PLC price-eps-surprise | Atlassian Corporation PLC Quote
Factors Likely to Influence Atlassian’s Q1 Results
Atlassian’s first-quarter fiscal 2027 performance is likely to have benefited from sustained demand for cloud-based collaboration software, enterprise workflow automation and AI-enabled productivity tools. The company’s expanding enterprise relationships, continued cloud migration and growing adoption of Rovo are expected to have supported business momentum in the to-be-reported quarter. Increasing digitalization of workplace operations and the broader adoption of AI agents are also likely to have contributed to demand for Atlassian’s collaboration and workflow solutions.
Cloud adoption and enterprise expansion are likely to have remained key growth drivers during the quarter. Management expects cloud revenues to grow approximately 28.5% year over year in the first quarter of fiscal 2027. Continued migration of enterprise customers to cloud-based platforms, along with larger customer commitments, is expected to have supported subscription revenue growth. The growing adoption of AI-enabled collaboration tools is likely to have supported Atlassian’s performance.
More than 80% of Fortune 500 companies were using Rovo in the fourth quarter of fiscal 2026, while Rovo-assisted actions increased 50% sequentially. Atlassian’s recent introduction of agentic software development capabilities and enhancements to its Teamwork Graph are also likely to have strengthened customer engagement and expanded opportunities for AI-driven workflow management. These factors are expected to have remained a tailwind in the to-be-reported quarter.
Meanwhile, Atlassian’s enterprise business is expected to have benefited from increasing demand for integrated collaboration, application development and service management solutions. The company’s product portfolio, including Jira, Confluence, Bitbucket and Trello, is likely to have supported cross-selling opportunities across corporate functions. Atlassian’s profitability in the to-be-reported quarter is likely to have been supported by continued revenue growth and operational discipline.
However, investments in AI infrastructure, research and development, and enterprise sales are expected to have weighed on margins. TEAM’s management expects first-quarter fiscal 2027 non-GAAP gross margin of approximately 87% and non-GAAP operating margin of approximately 28.5%.
What Our Model Says for TEAM Stock?
Our proven model does not conclusively predict an earnings beat for Atlassian this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Though Atlassian carries a Zacks Rank #3, it has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks With Favorable Combination
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Microchip Technology (MCHP - Free Report) has an Earnings ESP of +3.31% and a Zacks Rank #2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Microchip Technology is set to report second-quarter fiscal 2027 results on Nov. 5. Microchip Technology shares have climbed 19.5% year to date.
Trimble (TRMB - Free Report) has an Earnings ESP of +1.16% and carries a Zacks Rank #3 at present. Trimble is set to report third-quarter 2026 results on Nov. 4. Trimble shares have lost 15.9% year to date.
Camtek (CAMT - Free Report) has an Earnings ESP of +0.85% and a Zacks Rank #2 at present. Camtek is slated to report third-quarter 2026 results on Nov. 4. Camtek shares have climbed 1.8% year to date.