Atlassian Lost $6B Today. Its 2026 Gain Is Gone

Atlassian (TEAM) fell about 15% on Fri, Nov 6, 2026, to about $156, losing more than $6B in market value in one day.

November 6, 2026 · 61 views · YouTube video: Atlassian Lost $6B Today. Its 2026 Gain Is Gone

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Quick overview

TEAM fell about 15% on Nov 6, 2026, to about $156, wiping out more than $6B in market value in one day.
The stock is now below its Dec 31, 2025 close of $162.14, so its entire 2026 gain is gone.
Q1 beat on EPS and revenue, but guidance of ~13.75% FY27 growth vs 24% last quarter triggered the sell-off.

-15% TEAM one-day drop, Nov 6, 2026 (intraday)
$6B+ Market value lost in a single day
13.75% FY2027 revenue growth guidance, vs 24% last quarter

What happened

Atlassian shares dropped about 15% on Friday, Nov 6, 2026, to roughly $156 (intraday, about 2:25 PM ET, Yahoo Finance data). That erased more than $6B in market value in one session.

On Oct 23, 2026, the stock closed at its 2026 high of $227.61. Two weeks later it trades roughly 31% lower, and more than $15B in market value is gone.

Why it matters

The results themselves beat expectations. Adjusted EPS came in at $1.65 vs about $1.44 expected, and revenue was $1.77B vs $1.71B expected, as reported by Yahoo Finance, Benzinga and TIKR.

The problem was the outlook. Atlassian guided to about 13.75% revenue growth for fiscal 2027, down from 24% in the quarter. For a software stock priced on growth, a slowdown that sharp outweighed the beat.

Watch the 30-second breakdown of the Atlassian drop on YouTube.

FAQ

Why did Atlassian stock drop today?

Atlassian beat Q1 fiscal 2027 estimates on EPS and revenue. It then guided to about 13.75% revenue growth for fiscal 2027, down from 24% in the quarter, and the stock fell about 15%. Not financial advice.