ESTC Elastic N.V.
Price Chart
Executive Summary
Elastic reported Q4 FY2026 revenue of $451M (+16% YoY) and non-GAAP EPS of $0.61, beating consensus estimates of $0.58. The company guided Q1 FY2027 revenue to $469-470M (13.1% YoY growth at midpoint) and FY2027 revenue to $1.985-2.000B (14.6% YoY growth at midpoint), with accelerating cRPO growth of 20% YoY and RPO growth of 28% YoY signaling strong forward demand.
Key Financial Metrics
Actionable Insight
The accelerating cRPO (20% YoY) and RPO (28% YoY) growth, combined with FY2027 margin expansion guidance (19.0% vs 16.4%), suggest durable top-line momentum and operating leverage. The Q4 revenue of $451M was below the $469.6M consensus but above the company's own guidance range of $445-447M — the beat on guidance and strong forward metrics should outweigh the headline miss vs consensus. Monitor Q1 FY2027 results for continued cRPO acceleration and margin progression.
Key Facts
- Q4 FY2026 revenue $451M, +16% YoY (consensus $469.6M — revenue miss vs consensus but beat against company's own guidance)
- Non-GAAP diluted EPS $0.61 vs consensus $0.58 (4.4% beat)
- cRPO $1.203B, +20% YoY; total RPO $1.982B, +28% YoY — accelerating growth
- FY2027 revenue guidance $1.985-2.000B (14.6% YoY growth at midpoint)
- FY2027 non-GAAP operating margin guided to ~19.0%, up from 16.4% in FY2026
- Adjusted free cash flow $150M in Q4 (33% margin), $346M for FY2026 (20% margin)
- Repurchased $40M in shares during Q4, $340M total in FY2026 under $500M program
Financial Impact
Q4 revenue $450.7M, non-GAAP EPS $0.61; FY2027 revenue guided to ~$1.993B midpoint, non-GAAP EPS guided to ~$3.25 midpoint
Risk Factors
- Revenue growth decelerating to ~13% YoY in Q1 FY2027 guidance vs 16% in Q4 FY2026
- GAAP operating loss of $16M in Q4 vs $12M loss a year ago — GAAP profitability still elusive
- Stock-based compensation $80M in Q4 (17.8% of revenue) remains a significant GAAP drag
- Macroeconomic headwinds could slow enterprise spending on AI/search infrastructure
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001707753-26-000008 |
| Document: estc-20260528.htm | 0001707753-26-000008 |
| Document: 0001707753-26-000008-index-headers.html | 0001707753-26-000008 |
| Document: 0001707753-26-000008-index.html | 0001707753-26-000008 |
| Document: 0001707753-26-000008.txt | 0001707753-26-000008 |
| 8-K Data (Synthetic) | 0001707753-26-000008 |
Track record builds as more directional reports settle.
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Jun 10, 2026
4d ago
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Insider Cluster
| $60.81 awaiting T+5 | awaiting T+5 | — | $60.35 (−0.76%) |
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Jun 9, 2026
5d ago
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144
| $61.25 awaiting T+5 | awaiting T+5 | — | $60.35 (−1.47%) |
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May 28, 2026
17d ago
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8-K
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14w ago
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Insider Cluster
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Feb 26, 2026
15w ago
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8-K
| $51.73 $53.70 | ▲ +3.81% | ▲ +5.79% | $60.35 (+16.66%) |
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