Elastic N.V.

Elastic N.V. Earnings Recaps

ESTC Information Technology 2 recaps
Q4 2026 May 30, 2026

Elastic's shares surged 20% post-earnings, driven by acceleration in customer commitments and robust growth in multiyear deals that fueled strong order backlog (CRPO) and revenue growth, signaling investor confidence in its AI-driven transformation strategy.

Key takeaways
  • Contractual Remaining Performance Obligations (CRPO) growth accelerated to 20%, reflecting stronger customer commitments and momentum heading into fiscal 2027.
  • Quarterly Revenue Performance Obligations (RPO) rose over 28%, validating the increased magnitude of multiyear deals and the durability of future revenue streams.
  • Q4 total revenue grew 16%, while full-year revenue advanced 17%, with subscription revenue led by AI, search, observability, and security offerings growing 19%.
  • Non-GAAP operating margin was 14.8% in Q4 and 16.4% for the full fiscal year, showing disciplined cost management alongside growth.
  • Expansion in high-value customer cohorts continued, with over 240 customers spending $1 million+ annually and a 30% increase in those spending over $5 million. Public sector momentum also contributed via strategic partnerships, especially in security.
Full recap
Q3 2026 Feb 27, 2026

Elastic demonstrated robust financial performance in Q3 FY2026, achieving 18% revenue growth and exceeding guidance across all key metrics, underscoring strong demand for its AI-driven data solutions.

Key takeaways
  • Total revenue grew by 18% year-over-year, driven by a 21% increase in sales-led subscription revenue.
  • The number of $100,000 annual contract value customers surpassed 1,660, reflecting strong adoption of the Elastic platform.
  • New commitments exceeding $1 million in annual value rose over 30%, indicating strong customer expansion and new logo acquisitions.
  • The company secured significant deals with major enterprises, including Fortune 100 companies, enhancing its position in security and observability markets.
  • Elastic continues to leverage its hybrid cloud flexibility, positioning itself as a leader in AI-enhanced data management for enterprises.
Full recap