Elastic N.V. Earnings Recaps
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.