TEAM · PEAD ↑ 80

Atlassian reported Q3 FY2026 EPS of $1.75 on 2026-04-30, beating the $1.34 consensus by $0.41 (+30.6%).

Print-day reaction was −2.7% versus the prior close, with the stock drifting lower into the AMC report before the market had fully absorbed results. The overnight gap to the T+1 open surged +20.9%, a sharp reversal signalling that after-hours participants aggressively repriced the beat. Over the following two trading sessions the drift added another +3.9%, sustaining and extending the gap-up with no meaningful give-back. Cumulative abnormal return of +29.3% versus SPY.US puts this firmly in PEAD long territory; the documented drift pattern holds the read through 2026-07-28.