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
+15.9%
BEATING MARKET
ESTC +12.8% vs S&P -3.1%
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%.
ESTC YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
ESTC Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
ESTC Earnings Trends
ESTC vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ESTC EPS Trend
Earnings per share: estimate vs actual
ESTC Revenue Trend
Quarterly revenue: estimate vs actual
ESTC Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.56 | $0.61 | +8.43% | $450.7M | +1.00% |
| FY Full Year | — | $2.57 | — | $1.74B | — |
| Q3 26 BEAT | $0.65 | $0.73 | +12.97% | $449.9M | +2.61% |
| Q2 26 BEAT | $0.58 | $0.64 | +11.09% | $423.5M | +1.24% |
| Q1 26 BEAT | $0.42 | $0.60 | +43.40% | $415.3M | +4.52% |