NYSE$ESTC
Elastic NV · Q2 2026 earnings
Q2 2026 earnings · · After market close · Investor relations
Briefing
Elastic reported Q2 FY26 results with a solid beat across all key financial metrics and raised its full-year revenue guidance.
Elastic delivered strong Q2 FY26 results, outperforming on revenue and earnings, while continuing to gain traction in cloud and AI-driven segments. The company posted a GAAP net loss but achieved solid non-GAAP profitability and cash flow.
Headline financials
Revenue & EPS history
Elastic · Revenue · Quarterly
$423M
Revenue by segment
Elastic · $311M total across 3 segments · Q2 2024
- Other Subscription$153M+10.7%49.2%
- Elastic Cloud$135M+30.8%43.5%
- Services$22.9M-1.4%7.4%
Forward guidance
Elastic expects continued momentum into Q3 FY26, driven by strong sales-led subscriptions and AI innovation. The company raised full-year revenue guidance, projecting sustained non-GAAP profitability.
Tailwinds
- Raised full-year revenue guidance by $18M
- Q3 revenue expected to reach $437M–$439M
- Non-GAAP EPS guided at $0.63–$0.65 for Q3
- FY26 non-GAAP EPS guided at $2.40–$2.46
- Sales-led subscriptions expected to grow 17% YoY in Q3
Headwinds
- GAAP net loss continues to persist
- Deferred revenue declined sequentially
- Cash flow from operations declined YoY
- Operating margin (GAAP) remains negative
- Potential macro and FX headwinds not fully quantified
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2026
+0.2%
Avg return
Earnings day
-0.4%
Avg return
5 days after
-2.5%
Avg return
30 days after
40%
12 / 30 earnings
Positive
+38.4%
Q2 2024
Best reaction
-26.0%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | — | — | — | |
| Q3 2026 | -15.4% | -15.8% | -21.2% | |
| Q2 2026 | -15.6% | -14.8% | -6.9% | |
| Q1 2026 | -3.1% | -1.7% | -2.1% | |
| Q4 2025 | -12.1% | -8.9% | -10.1% | |
| Q3 2025 | +14.9% | +8.2% | -9.5% | |
| Q2 2025 | +22.0% | +25.9% | +17.0% | |
| Q1 2025 | -26.0% | -28.9% | -24.9% | |
| Q4 2024 | +1.7% | +0.7% | +11.3% | |
| Q3 2024 | -9.8% | -16.4% | -22.7% | |
| Q2 2024 | +38.4% | +45.2% | +41.5% | |
| Q1 2024 | +22.2% | +23.5% | +33.7% | |
| Q4 2023 | -0.7% | -1.9% | -11.9% | |
| Q3 2023 | +10.7% | +6.3% | +0.3% | |
| Q2 2023 | -3.1% | -11.3% | -12.7% | |
| Q1 2023 | -0.2% | +1.9% | -18.1% | |
| Q4 2022 | +19.4% | +20.2% | +15.5% | |
| Q3 2022 | -6.8% | -11.2% | +8.0% | |
| Q2 2022 | -23.9% | -28.9% | -20.8% | |
| Q1 2022 | -3.4% | +0.3% | +4.9% | |
| Q4 2021 | +9.7% | +12.0% | +23.8% | |
| Q3 2021 | -14.0% | -5.3% | -27.5% | |
| Q2 2021 | +11.8% | +17.1% | +21.0% | |
| Q1 2021 | +6.5% | +4.1% | +2.0% | |
| Q4 2020 | -3.3% | -7.4% | +6.6% | |
| Q3 2020 | +8.7% | +10.0% | -18.9% | |
| Q2 2020 | -17.4% | -19.9% | -15.0% | |
| Q1 2020 | +11.5% | +10.4% | +4.2% | |
| Q4 2019 | -1.7% | -2.7% | -3.9% | |
| Q3 2019 | -6.9% | -7.3% | -17.8% | |
| Q2 2019 | -8.1% | -15.7% | -21.9% | |
| Q1 2019 | — | — | — | |
| Q4 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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