TEAM · PEAD ↑ 80

Atlassian reported Q4 FY2026 EPS of $0.65 on 2026-08-06, beating the $0.32 consensus by $0.33 (+103.1%).

Print-day reaction was −2.8% versus the prior close, as the stock sold off on earnings day despite the substantial EPS beat. The overnight gap from the T+0 close to the T+1 open surged +31.7%, signalling a forceful after-hours reversal once the market absorbed the full results. Over the following two trading days (T+1 through T+3) the stock drifted an additional +3.4%, sustaining and extending the gap-open without meaningful give-back. Cumulative abnormal return of +35.9% versus SPY.US places this firmly in PEAD long territory; the drift confirms the post-gap continuation, with the holding window running through 2026-11-03.