Elastic Q4 revenue slightly beats estimates

Elastic

28/05/2026 21:16

Overview
US search AI platform's fiscal Q4 revenue rose 16%, slightly beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company repurchased $40 mln in shares during the quarter

Outlook
Elastic sees Q1 FY27 revenue between $469 mln and $470 mln
Company expects FY27 revenue between $1.985 bln and $2.0 bln
Elastic expects FY27 non-GAAP diluted EPS between $3.21 and $3.29

Result Drivers
CUSTOMER CONSOLIDATION - Co said organizations are consolidating onto its platform for search, security, and observability, driving growth in Q4
PRODUCT INNOVATION - Co cited new product features in observability and security as supporting customer adoption

Company press release: ID:nBw8yV0qVa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Slight Beat*
$450.7 mln
$446.64 mln (27 Analysts)
Q4 Adjusted EPS
Beat
$0.61
$0.56 (28 Analysts)
Q4 Adjusted Operating Margin
 
14.80%
 
Q4 Operating Income
 
-$16.4 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 18 "strong buy" or "buy", 12 "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 $76.00, about 41% above its May 27 closing price of $53.90
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 24 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.)