Elastic Q3 revenue rises 18%, beats analyst expectations

Elastic

26/02/2026 21:52

Overview

Search AI company's Q3 revenue rose 18% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beat analyst expectations

Company repurchased $186 mln worth of shares in Q3

Outlook

Elastic expects Q4 revenue between $445 mln and $447 mln

Company forecasts FY26 revenue between $1.734 bln and $1.736 bln

Elastic anticipates Q4 non-GAAP EPS between $0.55 and $0.57

Result Drivers

SEARCH AI PLATFORM - Increased demand for Elastic's unified Search AI platform drove large deal momentum and competitive displacements

Company press release: ID:nBw81D5dka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$450 mln
$438.48 mln (26 Analysts)
Q3 Adjusted EPS
Beat
$0.73
$0.65 (27 Analysts)
Q3 Adjusted Operating Income
Beat
$83 mln
$76.33 mln (25 Analysts)
Q3 Adjusted Operating Margin
18.60%
Q3 Operating Income
$1 mln
Q3 Operating Margin
0.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 19 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Elastic NV is $95.00, about 63.8% above its February 25 closing price of $58.00

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 35 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)