# Atlassian Shares Drop 17% as Subscription Growth Slows

> Atlassian shares plummet 17% after forecasting slower subscription growth despite earnings beat.
- Title: Atlassian Shares Drop 17% as Subscription Growth Slows
- Summary: Atlassian shares plummet 17% after forecasting slower subscription growth despite earnings beat.
- Keywords: atlassian, subscription growth, cloud revenue, earnings report, stock price, fiscal 2027, revenue forecast, enterprise, SiliconANGLE
- Source: SiliconANGLE — https://siliconangle.com/2026/11/05/atlassian-shares-fall-17-as-slower-subscription-growth-forecast-overshadows-earnings-beat
- Author: Duncan Riley
- Published: 2026-11-05T22:26:55+00:00
- Read time: 1 min
- Topics: atlassian, subscription growth, cloud revenue, earnings report, stock price, fiscal 2027, revenue forecast, technology, enterprise
## Atlassian Shares Fall
Atlassian shares fell 17% in after-hours trading on a forecast for slower subscription growth.
## Earnings Beat
Atlassian reported adjusted earnings per share of $1.65, up from $1.04, on $1.772 billion revenue.
## Cloud Revenue Growth
Cloud revenue rose 31% to $1.302 billion, with enterprise customers adding Jira and Confluence seats.
## Data Center Slows
Data Center revenue growth slowed to 5%, with customers planning moves to the cloud.
## Subscription Growth Forecast
Atlassian expects subscription annual recurring revenue growth to slow to 18.5% by fiscal year-end.
## CEO's AI Statement
CEO Mike Cannon-Brookes said enterprise AI has reached an inflection point with shared context platforms winning.

> enterprise ai has reached "an inflection point"
## Investor Reaction
Investors sold shares on slower subscription growth forecasts despite strong earnings results.
## Key takeaway

Atlassian shares fell 17% in after-hours trading as slower subscription growth forecasts overshadowed a strong earnings report.