Elastic N.V. is the company behind Elasticsearch—an enterprise search, observability, and cybersecurity platform. Founded in 2012 in Amsterdam, Netherlands, it operates globally with dual headquarters in Amsterdam and Mountain View, California . In 2024, Elastic’s approximate annual revenue was likely in the ballpark of $1.6–1.7 billion, with similar or steady growth rates into 2025. Its top competitors include Splunk, Datadog, and Snowflake.
Q1 FY2026 Overview: Revenue & Earnings
Elastic reported $415 million in revenue, up ~19.5% year-over-year, beating the consensus of ~$397 million—a +4.6% surprise . Non‑GAAP EPS came in at $0.60, soaring ~71% YoY from ~$0.35 and exceeding expectations of $0.42—a +42.9% surprise . Elastic also raised its full-year fiscal 2026 guidance to $1.684 billion from $1.663 billion previously .
Segment Reporting
Elastic’s strong performance was driven primarily by its Elastic Cloud offering, which expanded by ~24% YoY—an acceleration from ~23% in the prior quarter . While a full revenue breakdown by segment (search, observability, security) wasn’t disclosed in this release, prior trends showed robust growth in cloud-based and AI-enabled services.
Forward Guidance
For Q2 FY2026, Elastic guided revenue of $416 million, slightly above analysts’ forecasts of ~$410 million . The raised full-year guidance to $1.684 billion also signals confidence in the ongoing growth trajectory
The stock is in a stage 1 consolidation on the monthly and weekly charts, and in a strong stage 2 reversal on the daily chart with a move to the $118 range where there is resistance post the strong earnings move higher.
