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Elastic

ESTC Q4 2026 Earnings

Reported May 28, 2026 at 4:06 PM ET · SEC Source

Q4 26 EPS

$0.61

BEAT +8.43%

Est. $0.56

Q4 26 Revenue

$450.7M

BEAT +1.00%

Est. $446.2M

vs S&P Since Q4 26

+16.3%

BEATING MARKET

ESTC +13.3% vs S&P -3.0%

Full Year 2026 Results

FY 26 EPS

$2.57

FY 26 Revenue

$1.74B

Market Reaction

Did ESTC Beat Earnings? Q4 2026 Results

Elastic closed out fiscal 2026 on a high note, reporting Q4 revenue of $450.68 million, up 16% year-over-year and ahead of the $446.20 million consensus estimate, while non-GAAP diluted EPS of $0.61 beat the $0.56 consensus by 8.43%. The primary engi… Read more Elastic closed out fiscal 2026 on a high note, reporting Q4 revenue of $450.68 million, up 16% year-over-year and ahead of the $446.20 million consensus estimate, while non-GAAP diluted EPS of $0.61 beat the $0.56 consensus by 8.43%. The primary engine behind the quarter was Elastic Cloud, which generated $217.36 million in revenue, growing 20% year-over-year, with the Annual Elastic Cloud component accelerating 26% to $169.60 million, underscoring deepening customer commitment to the platform. Current remaining performance obligations climbed 20% to $1.20 billion, while total RPO surged 28% to $1.98 billion, providing strong forward revenue visibility. The company also generated $149.81 million in adjusted free cash flow during the quarter, a 33% margin. Looking ahead, Elastic guided full-year FY27 revenue of $1.99 billion to $2.00 billion, with non-GAAP operating margin expected to expand to approximately 19%, though some analysts have flagged competitive pressure from bundled AI and hyperscaler solutions as a potential headwind to long-term growth.

Key Takeaways

  • • Annual Elastic Cloud revenue grew 26% YoY, driving overall cloud growth
  • • Sales-led subscription revenue grew 19% YoY
  • • Current RPO grew 20% YoY and total RPO grew 28% YoY, indicating accelerating commitments
  • • Net expansion rate of approximately 112%
  • • Customer count with ACV >$100K grew to over 1,720 from 1,510 a year ago

ESTC Forward Guidance & Outlook

For Q1 FY27 (ending July 31, 2026): Total revenue expected between $469M and $470M (13.1% YoY growth at midpoint); sales-led subscription revenue between $392M and $393M (15.9% growth at midpoint); non-GAAP operating margin of approximately 14.0%; non-GAAP diluted EPS of $0.57 to $0.59. For full FY27 (ending April 30, 2027): Total revenue expected between $1.985B and $2.000B (14.6% growth at midpoint); sales-led subscription revenue between $1.673B and $1.688B (16.9% growth at midpoint); non-GAAP operating margin of approximately 19.0%; non-GAAP diluted EPS of $3.21 to $3.29; adjusted free cash flow margin of approximately 21.5%.

24/7 Wall St

ESTC YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

ESTC Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“Elastic delivered a strong finish to the year, beating our guidance across all key metrics. Organizations are increasingly abandoning fragmented legacy applications to consolidate onto our high-performance platform for search, security, and observability. Customers are making larger commitments to Elastic over longer periods of time as we become a critical part of their AI infrastructure, accelerating our cRPO and RPO growth in Q4, setting us up for ongoing success.”

— Ash Kulkarni, Q4 2026 Earnings Press Release

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