Elastic (ESTC) Q4 2026 Earnings
How Did ESTC Stock React to Q4 2026 Earnings?
S&P 500 over the same 30 days: −1.42%.
Did ESTC Beat Earnings? Q4 2026 Results
Yes. Elastic reported Q4 2026 earnings of $0.61 a share on May 28, 2026, beating the $0.56 consensus estimate by 8.4%. Revenue was $450.7M against a $446.2M estimate.
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.
- 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
“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.”
Elastic CEO, on the earnings call
What Was Elastic's Outlook in Q4 2026?
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%.
ESTC YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $450.7M | $388.4M | +16.0% |
| Gross Profit | $339.6M | $290.6M | +16.9% |
| Operating Income | −$16.4M | −$25.9M | −36.5% |
| Net Income | $435.9M | $15.2M | +2,761.0% |
ESTC Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.