ESTC
Elastic N.V.74.98
+1.26+1.71%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q3 '26
Q&A affirms AI acceleration potential
Q&A reinforced prepared remarks on strong execution and AI momentum, with no walk-backs but added color on tailwinds. Management sees AI cohorts accelerating growth beyond 5% as penetration hits 28% in $100K customers—self-managed thrives on sensitive data workloads. Frontier models complement Elastic as context providers, not competitors. Use cases broaden to agentic security and observability. Q4 guide prudent amid fewer days. AI expansion early; investors watch cohort maturation. Tailwinds gaining speed.
Key Stats
Market Cap
7.97BP/E (TTM)
-Basic EPS (TTM)
-1.02Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Elastic swung to operating income of $0.6M in Q3 FY2026 ended January 31, 2026, from a $4.6M loss y/y, while revenue jumped 18% y/y to $449.9M on 19% subscription growth to $425.7M; gross margin ticked up to 76%. Elastic Cloud drove nearly half of revenue at 49%, with U.S. sales at 53%. Cash from operations held steady at $174.2M YTD, funding $36.8M in acquisitions like Jina AI (Oct 2025, $43.3M cash, $32.3M goodwill, $6.5M developed tech over 2 years). $575M Senior Notes due 2029 steady at $570.6M net; $1.25B in cash and marketable securities. Share repurchases hit $300M YTD. Securities litigation lingers.
8-K
Q3 revenue $450M, +18% YoY
Elastic posted Q3 FY26 revenue of $450 million, up 18% year-over-year, with subscription revenue at $426 million (19% growth) and sales-led at $376 million (21% growth). Current RPO hit $1.055 billion, up 19%, while non-GAAP operating income reached $83 million at 18.6% margin. Repurchased $186 million in shares. Q4 revenue guidance: $445-447 million.
10-Q
Q1 FY2026 results
Elastic's Q1 FY2026 revenue jumped 16% y/y to $423.5M, with subscription up 17% y/y to $397.7M on 22% Elastic Cloud growth; gross margin expanded to 76% from 74%. Operating loss narrowed to $8.2M from $4.4M, yet net loss widened to $51.3M from $25.5M due to $52.6M tax provision. Cash from operations hit $131.4M YTD, with $800.6M cash and $595.5M marketable securities against $575M Senior Notes due 2029. Acquisitions added $40.2M goodwill, enhancing Search AI solutions. Share repurchases deployed $114M. Competition from better-resourced rivals persists.
8-K
Q2 revenue up 16%
8-K
CEO gets $29.3M PSU award
Elastic's board approved a $29.3 million special equity award for CEO Ashutosh Kulkarni, effective October 13, 2025, tying up to 456,491 shares to share price targets from $121.69 (+40%) to $198.15 (+129%), relative TSR vs. Russell 3000 median, and five-year service. It's 100% at-risk to drive AI platform growth and shareholder value. Tough hurdles ahead.
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