ESTC Q3 2026

Q4 2026 Q3 2026 Q2 2026 Q1 2026

Earnings

Elastic posted a strong fiscal third quarter, with non-GAAP diluted EPS of $0.73 beating the $0.65 consensus estimate by 12.97% and revenue of $449.88 million topping expectations by 2.61% while rising 17.7% year over year. The primary engine behind … Read more Elastic posted a strong fiscal third quarter, with non-GAAP diluted EPS of $0.73 beating the $0.65 consensus estimate by 12.97% and revenue of $449.88 million topping expectations by 2.61% while rising 17.7% year over year. The primary engine behind the beat was Elastic Cloud, where annual cloud revenue surged 27% year over year to $168.56 million, now representing 37% of total revenue and signaling sustained enterprise appetite for the company's AI-oriented data platform. The quarter also marked a meaningful profitability shift, with Elastic posting GAAP net income of $7.75 million compared to a net loss of $17.06 million in the year-ago period, while non-GAAP operating margin expanded to 18.6% from 16.8%. Current remaining performance obligations grew 19% to $1.06 billion, reinforcing near-term revenue visibility. Looking ahead, management guided Q4 revenue of $445 million to $447 million, representing approximately 15% year-over-year growth, with full-year fiscal 2026 revenue expected between $1.73 billion and $1.74 billion, though some analysts have flagged growing competitive pressure from AI lab integrations as a longer-term concern.