Earnings summaries and quarterly performance for Elastic.
Executive leadership at Elastic.
Board of directors at Elastic.
Research analysts who have asked questions during Elastic earnings calls.
Raimo Lenschow
Barclays
7 questions for ESTC
Also covers: APPN, BASE, BIGC +35 more
Tyler Radke
Citigroup Inc.
6 questions for ESTC
Also covers: ADBE, ADSK, AMPL +21 more
Sanjit Singh
Morgan Stanley
5 questions for ESTC
Also covers: APPN, BASE, CFLT +13 more
Brent Thill
Jefferies
4 questions for ESTC
Also covers: ADBE, AMZN, ASAN +25 more
Howard Ma
Guggenheim Securities, LLC
4 questions for ESTC
Also covers: BASE, CFLT, CVLT +7 more
Matthew Hedberg
RBC Capital Markets
4 questions for ESTC
Also covers: ADSK, ALTR, BASE +28 more
Pinjalim Bora
JPMorgan Chase & Co.
4 questions for ESTC
Also covers: ASAN, BL, BOX +17 more
Brian Essex
JPMorgan Chase & Co.
3 questions for ESTC
Also covers: CHKP, CLBT, CRWD +15 more
Ittai Kidron
Oppenheimer & Company
3 questions for ESTC
Also covers: BASE, BLZE, CFLT +12 more
Koji Ikeda
Bank of America
3 questions for ESTC
Also covers: ADSK, AMPL, BL +19 more
Rob Owens
Piper Sandler Companies
3 questions for ESTC
Also covers: CFLT, CHKP, CRWD +10 more
Shrenik Kothari
Robert W. Baird & Co.
3 questions for ESTC
Also covers: CHKP, FROG, FTNT +10 more
Andrew Nowinski
Wells Fargo
2 questions for ESTC
Also covers: CHKP, CRWD, CYBR +14 more
Jacob Roberts
TPH & Co.
2 questions for ESTC
Also covers: BKV, CNX, CRK +3 more
Joel Fishbein
Truist Securities
2 questions for ESTC
Also covers: CHKP, CRWD, GTLB +10 more
Kash Rangan
Goldman Sachs
2 questions for ESTC
Also covers: ADBE, CRM, CRWV +17 more
Kasthuri Rangan
Goldman Sachs
2 questions for ESTC
Also covers: ADBE, BASE, CFLT +21 more
Koji Akira
Bank of America
2 questions for ESTC
Matt Helberg
RBC Capital Markets
2 questions for ESTC
Michael Cikos
Needham & Company
2 questions for ESTC
Also covers: AI, BASE, BLZE +20 more
Patrick Colville
Scotiabank
2 questions for ESTC
Also covers: AKAM, CHKP, CRWD +16 more
Robbie Owens
Piper Sandler
2 questions for ESTC
Also covers: BJ, CHKP, CYBR +12 more
W. Miller Jump
Truist Securities
2 questions for ESTC
Also covers: BASE, CFLT, DT +5 more
Andrew Sherman
Cowen
1 question for ESTC
Also covers: APPN, AXON, DDOG +5 more
Austin Dietz
UBS
1 question for ESTC
Also covers: AI, INFA, TDC
George Iwanyc
Oppenheimer & Co. Inc.
1 question for ESTC
Also covers: ASAN, SMAR
George McGreehan
Bank of America
1 question for ESTC
Also covers: AMPL, FROG, GLBE +1 more
Jacob Roberge
William Blair
1 question for ESTC
Also covers: APPN, BL, DDOG +14 more
Jake Roberge
William Blair & Company, L.L.C
1 question for ESTC
Also covers: APPN, ARCT, BL +12 more
Mike Cikos
Needham & Company, LLC
1 question for ESTC
Also covers: AKAM, BASE, CFLT +19 more
Simran B
RBC Capital Markets
1 question for ESTC
Also covers: NTCT, NTNX
Recent press releases and 8-K filings for ESTC.
Elastic Reports Strong Q2 Commitments and Raises Full-Year Guidance
ESTC
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Elastic reported strong Q2 customer commitments, including two deals over $20 million and five over $10 million, with AI being the fastest-growing segment of its business.
- The company raised its full-year guidance due to strong momentum and pipeline, despite a minor Q2 revenue shift from U.S. public sector shutdowns that will be realized in Q3.
- AI adoption is driving revenue by encouraging customers to move to higher functionality tiers, increase data consumption, and utilize new use cases, with AI-using customer cohorts growing 5% faster than others.
- A sales reorganization in Q1 FY25 focused on new customer acquisition has led to improved sales productivity, efficiency, and a significant increase in million-dollar deals and deeper account penetration.
- Over 60% of investment is allocated to Elastic's core platform, a high-leverage model that supports security, observability, and search solutions by effectively handling unstructured data.
11 hours ago
Elastic Reports Strong Q2 Performance and Raised Full-Year Guidance
ESTC
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Elastic reported strong Q2 performance with significant customer commitments, including two deals over $20 million and five over $10 million, leading to a raised full-year guide.
- AI is the fastest-growing segment of Elastic's business, with the cohort of customers using Elastic for AI growing 5% faster than other cohorts, and the company's pricing model benefits from new AI use cases, increased data consumption, and higher functionality tiers.
- The company's sales organization reorganization in Q1 FY25, which included creating "hunting territories" for new logo generation, has resulted in a meaningful uptick in sales productivity and efficiency, enabling deeper engagement and larger deals like the CISA contract.
- Over 60% of Elastic's investment is directed to its core platform, which supports its security, observability, and search solutions, leveraging components like a single vector database for various applications and driving efficiency.
11 hours ago
Elastic Discusses Strong Q2 Performance and Growth Strategy
ESTC
Guidance Update
Revenue Acceleration/Inflection
New Projects/Investments
- Elastic reported strong Q2 performance, marked by significant customer commitments, including two deals over $20 million and five over $10 million, which led to a raised full-year guidance.
- AI is Elastic's fastest-growing business segment, with customer cohorts utilizing AI growing approximately 5% faster than others, and AI adoption is anticipated to drive increased data consumption and higher-tier functionality usage.
- The company's strategy focuses on investing over 60% of its resources into its core search platform, which effectively handles unstructured data and provides high leverage across its security, observability, and search solutions.
- Following a sales organization restructuring in Q1 FY25, Elastic has observed a meaningful increase in sales productivity and efficiency, resulting in larger deals and deeper account penetration, and is now expanding its sales capacity.
- Elastic is committed to achieving the Rule of 40 and over 20% sales-led subscription growth by strategically balancing profitability with sustained growth through targeted investments.
11 hours ago
ESTC Reports Q2 FY26 Financial Results and Provides FY26 Guidance
ESTC
Earnings
Guidance Update
Revenue Acceleration/Inflection
- ESTC reported Q2 FY26 total revenue of $423 million, marking a 16% year-over-year increase, driven by an 18% rise in sales-led subscription revenue and a 22% increase in Elastic Cloud revenue.
- Non-GAAP operating margin for the quarter stood at 16.5%, with diluted non-GAAP earnings per share reaching $0.64.
- The company expanded its customer base, reporting over 1,600 customers with an Annual Contract Value (ACV) exceeding $100K in Q2 FY26.
- For Q3 FY26, ESTC anticipates total revenue between $437 million and $439 million, and non-GAAP diluted EPS between $0.63 and $0.65. Full fiscal year 2026 guidance projects total revenue of $1.715 billion to $1.721 billion, with non-GAAP diluted EPS ranging from $2.40 to $2.46.
Nov 20, 2025, 10:00 PM
Elastic Reports Strong Q2 2026 Results and Raises Full-Year Guidance
ESTC
Earnings
Guidance Update
Share Buyback
- Elastic reported strong Q2 2026 results, with total revenue of $423 million, a 16% increase, and a non-GAAP operating margin of 16.5%. Sales-led subscription revenue grew 18% to $349 million.
- The company saw significant deal momentum, closing over 30 commitments exceeding $1 million in annual contract value, including a $26 million commitment with CISA. AI is positively impacting the business, with 23% of customers spending over $100,000 now using Elastic for GenAI, up from 17% a year ago.
- Elastic raised its full fiscal year 2026 revenue guidance to a range of $1.715 billion to $1.721 billion and initiated a $500 million share repurchase program, returning $114 million to shareholders in Q2 2026.
Nov 20, 2025, 10:00 PM
Elastic Exceeds Q2 2026 Guidance, Driven by AI and Large Deals
ESTC
Earnings
Guidance Update
New Projects/Investments
- Elastic reported strong Q2 2026 results, with total revenue reaching $423 million, a 16% increase, and a non-GAAP operating margin of 16.5%.
- The company secured over 30 commitments valued over $1 million in annual commitment value, including five exceeding $10 million in total contract value, with two of these being greater than $20 million.
- Elastic raised its full fiscal year 2026 guidance, now projecting total revenue between $1.715 billion-$1.721 billion and non-GAAP diluted EPS in the range of $2.40-$2.46.
- AI is significantly impacting the business, with over 2,450 customers on Elastic Cloud using it for GenAI use cases, and the acquisition of Jina AI further strengthening its AI capabilities.
- Key customer wins in Q2 2026 included a $26 million commitment with CISA for Elastic Security and an eight-figure new logo deal with a major chemical manufacturer.
Nov 20, 2025, 10:00 PM
Elastic (ESTC) Reports Strong Q2 2026 Results and Raises Full-Year Guidance
ESTC
Earnings
Guidance Update
Share Buyback
- Elastic (ESTC) reported total revenue of $423 million for Q2 2026, representing 16% year-over-year growth (15% on a constant currency basis), and achieved a non-GAAP operating margin of 16.5%. Sales-led subscription revenue grew 18% to $349 million.
- The company raised its full fiscal year 2026 guidance, now expecting total revenue between $1.715 billion and $1.721 billion (approximately 16% growth at the midpoint) and non-GAAP diluted earnings per share in the range of $2.40-$2.46.
- Elastic demonstrated strong deal momentum, securing over 30 commitments valued over $1 million in annual commitment value, with five of these representing over $10 million in total contract value, including two deals greater than $20 million. The net expansion rate was 112%.
- AI continues to be a significant driver, with 23% of customers spending over $100,000 now utilizing Elastic for GenAI use cases, an increase from 17% a year ago. The company also acquired Jina AI to enhance its multilingual and multimodal embedding and re-ranker models.
- Elastic returned approximately $114 million to shareholders in Q2 2026 through its share repurchase program, purchasing approximately 1.4 million shares at an average price of $84.45.
Nov 20, 2025, 10:00 PM
Elastic Reports Strong Q2 Fiscal 2026 Results and Raises Full-Year Guidance
ESTC
Earnings
Guidance Update
Share Buyback
- Elastic reported strong Q2 Fiscal 2026 financial results, with total revenue reaching $423 million, an increase of 16% year-over-year, and non-GAAP diluted earnings per share of $0.64.
- The company raised its full-year total revenue guidance by $18 million, now expecting between $1.715 billion and $1.721 billion for Fiscal Year 2026.
- Elastic initiated a $500 million share repurchase program and repurchased approximately 1.4 million ordinary shares for an aggregate value of approximately $114 million during Q2 FY26.
- The company's customer base with an Annual Contract Value greater than $100,000 grew to over 1,600, and the Net Expansion Rate was approximately 112%.
- Elastic also acquired Jina AI to enhance its search capabilities.
Nov 20, 2025, 9:07 PM
Elastic N.V. Board approves special performance-based equity award for CEO
ESTC
Executive Compensation
- On October 13, 2025, Elastic N.V.'s board approved a special one-time performance-based equity award for CEO Ashutosh Kulkarni, with a grant date fair value of $29.3 million.
- The award, consisting of performance-based restricted stock units (PSUs), is designed to incentivize Mr. Kulkarni's leadership in executing the Company's transformational growth strategy, specifically in positioning Elastic as a leading developer platform for Generative AI.
- Vesting of the award is contingent on achieving rigorous share price appreciation goals, relative total shareholder return (rTSR) performance, and Mr. Kulkarni's continued service as CEO over a five-year term.
- The PSUs are divided into four tranches with share price goals ranging from $121.69 (+40%) to $198.15 (+129%), measured from a baseline of $86.61 per share, offering Mr. Kulkarni the opportunity to earn up to 456,491 ordinary shares.
Oct 15, 2025, 8:50 PM
Elastic Announces Share Buyback Program and Increased Revenue Guidance
ESTC
Share Buyback
Guidance Update
Revenue Acceleration/Inflection
- Elastic N.V. announced a $500 million share repurchase program with no expiration date, planning to complete at least half of the buybacks in fiscal 2026.
- Following this announcement, Elastic's shares surged over 9% in after-hours trading.
- The company also increased its second-quarter fiscal 2026 revenue guidance to $417 million to $419 million.
- Despite strong gross margins around 75%, Elastic reported ongoing net losses with a negative net margin of -5.38% and an earnings per share (EPS) of -0.8.
- Elastic demonstrates strong liquidity with a current ratio and quick ratio both at 2.09, and a balanced debt level with a debt-to-equity ratio of 0.61.
Oct 9, 2025, 11:43 PM
Quarterly earnings call transcripts for Elastic.
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