ESTC Q2 2026

Q4 2026 Q3 2026 Q2 2026 Q1 2026

Earnings

Elastic posted a solid fiscal second quarter, beating Wall Street expectations on both the top and bottom lines as its cloud business continued to gain momentum. The search AI company reported non-GAAP diluted EPS of $0.64, clearing the $0.58 consens… Read more Elastic posted a solid fiscal second quarter, beating Wall Street expectations on both the top and bottom lines as its cloud business continued to gain momentum. The search AI company reported non-GAAP diluted EPS of $0.64, clearing the $0.58 consensus estimate by 11.09%, while revenue rose 15.9% year-over-year to $423.48 million, edging past the $418.30 million consensus by 1.24%. The clearest driver behind the quarter was Elastic Cloud, which grew 22% year-over-year to $205.65 million and now accounts for 49% of total revenue, reflecting the company's deepening transition toward cloud-delivered subscriptions. Current remaining performance obligations climbed 17% to $971.47 million, pointing to durable demand ahead. Despite the beat, shares fell sharply after hours, with investors focused on the pace of growth deceleration across key metrics. Management raised full-year fiscal 2026 revenue guidance by $18 million to a midpoint of roughly $1.72 billion, representing 16% growth, and guided Q3 revenue to a range of $437 million to $439 million with non-GAAP EPS of $0.63 to $0.65.