Is TEAM stock a buy after Atlassian’s Q2 FY26 results?

It depends on your risk profile. Revenue rose 23% to $1.59 billion and guidance increased, which supports the growth case. Yet GAAP losses and dilution remain risks. Many analysts rate it Buy, but consider entries near support, strict position sizing, and watching cloud ARR, margins, and free cash flow trends.

What stood out in Atlassian earnings this quarter?

Revenue growth of 23% to $1.59 billion and $168.5 million in free cash flow were key positives. Management raised the annual revenue outlook and highlighted stronger cloud ARR and AI adoption. GAAP versus non-GAAP profitability was mixed, so investors should track operating leverage and stock-based compensation closely.

How is TEAM stock valued right now?

Shares trade around 4.78 times trailing sales and roughly 18 times trailing free cash flow, with negative GAAP earnings despite high gross margins. If cloud ARR keeps accelerating and costs scale, forward cash flow can improve. Until then, valuation will reflect growth quality rather than headline multiples alone.

What technical levels should traders watch on TEAM stock?

Watch $100 as a key support zone, then the 50-day average near $146. A move back above short-term moving averages could confirm momentum improvement. Indicators show oversold conditions, but ADX suggests a weak trend. Expect higher volatility, so use defined stops and avoid chasing gap moves after headlines.

Global Market Insights

TEAM Stock Today, February 06: Outlook Raised on 23% Revenue Growth

ByDanny Kontos February 6, 2026February 6, 2026

TEAM stock is in focus after Atlassian reported Q2 FY26 revenue of $1.59 billion, up 23% year over year, and raised its annual revenue outlook. Atlassian also delivered $168.5 million in free cash flow as cloud ARR and new AI features gained traction. We explain how stronger growth may affect margins, why GAAP versus non-GAAP results matter, and what today’s price action signals for U.S. investors following TEAM.