🔴 Atlassian is trading 14.34% down in pre-market as slower growth outlook overshadowed earnings beat

Atlassian is trading 14.34% down at $157.00 after its fiscal Q1 2027 results beat estimates, as its slower-growth outlook overshadowed the earnings beat.

• Management expects FY2027 revenue growth of about 13.75% and subscription ARR growth of about 18.5%, below the quarter’s 24% revenue growth and 22.5% subscription ARR growth.
• Broader technology-market weakness may add pressure, but company guidance is the clearest catalyst for the pre-market decline.