AI Earnings Predictions for Elastic N.V. (ESTC)

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Exhibit 99.1

Elastic Reports First Quarter Fiscal 2027 Financial Results

cRPO growth of 21% as reported and 20% on a constant currency basis

Q1 net additions to our >$100K ACV customer cohort reach the highest level to date

SAN FRANCISCO, Aug 27, 2026 -- Elastic (NYSE: ESTC), the Search AI Company, announced financial results for its first quarter of fiscal 2027 ended July 31, 2026.

First Quarter Fiscal 2027 Financial Highlights

•Total revenue was $478 million, an increase of 15% year-over-year, as reported and on a constant currency basis

•Total subscription revenue was $449 million, an increase of 15% year-over-year, as reported and on a constant currency basis

•Sales-led subscription revenue (calculated as subscription revenue excluding Monthly Elastic Cloud) was $399 million, an increase of 18% year-over-year, or 17% on a constant currency basis

•Current remaining performance obligations were $1.153 billion, an increase of 21% year-over-year, or 20% on a constant currency basis

•Remaining performance obligations were $1.854 billion, an increase of 27% year-over-year, as reported and on a constant currency basis

•GAAP operating loss was $24 million; GAAP operating margin was -5%

•Non-GAAP operating income was $77 million; non-GAAP operating margin was 16.2%

•GAAP net loss per share was $0.16; non-GAAP diluted earnings per share was $0.70

•Operating cash flow was $132 million with adjusted free cash flow of $143 million

•Cash, cash equivalents, and marketable securities were $1.461 billion as of July 31, 2026

“Elastic delivered a strong start to fiscal 2027, beating our guidance across all key metrics,” said Ash Kulkarni, chief executive officer, Elastic. “AI is reshaping the enterprise technology stack, and organizations are making deliberate choices about where to build and how to observe and secure their applications and data. Our record quarter-over-quarter net customer additions to our >$100K ACV cohort and continued strength in cRPO and RPO growth reflect the durability of that demand. We enter the year with growing momentum across Search & AI, Security, and Observability and confidence in the trajectory of our business.”

First Quarter Fiscal 2027 Key Metrics and Recent Business Highlights

Key Customer Metrics

•Total customer count with Annual Contract Value (ACV) greater than $100,000 was over 1,800 compared to over 1,720 in Q4 FY26, and over 1,550 in Q1 FY26

•Net Expansion Rate was approximately 111%

Product Innovations and Updates

•Delivered general availability of native Prometheus and PromQL support, out-of-the-box Kubernetes agentic investigations, and automated migration features in our unified platform for metrics and logs

•Introduced Columnar Mode in technical preview, combining the efficiency of columnar analytics with Elasticsearch’s best-in-class search across all data, with especially significant improvements to the cost and performance of metrics and log analytics

•Introduced general availability of VectorDB index mode and Auto Calibration for DiskBBQ, enabling instant vector search out of the box, no setup or index tuning required

•Delivered Jina AI embedding and reranker models for on-premises and air-gapped environments through Jina On-Prem

•Introduced an agentic Kubernetes investigation workflow and MCP-based observability skills that analyze logs, metrics, anomalies, and cluster events, surfacing root causes and next steps automatically

•Expanded Attack Discovery, broader endpoint protection, and enhanced native workflow automation with Alert Zero, an AI-driven alert triage and attack investigation for the agentic SOC

Other Business Highlights

•Acquired Deductive AI, an AI-powered investigation platform that helps engineering teams identify and resolve production issues faster, bringing more AI-powered investigation and automation to Elastic Observability

•Recognized as a Leader for the Third Consecutive Year in the Gartner® Magic Quadrant™ for Observability Platforms

•Recognized as a Leader in the IDC MarketScape: Worldwide SIEM 2026

•Recognized as a Strong Performer in The Forrester Wave™: Extended Detection And Response Platforms, Q2 2026

•Achieved the industry’s 100% malware protection score in AV-Comparatives 2026 Business Security Test, tied for the highest score in the Real-World Protection Test with a 99.8% protection rate, and earned the AV-Comparatives Approved Business Product Award

•Announced our collaboration with OpenAI to bring OpenAI’s advanced reasoning models with governed enterprise context in Elasticsearch across AI applications, security operations, and observability

•Achieved the AI Security distinction in the Amazon Web Services (AWS) Security Competency

•Engaged with thousands of customers and partners at Black Hat and the RAISE AI Summit in Paris

Share Repurchase Program

In October 2025, Elastic announced a share repurchase program pursuant to which the Company may repurcha

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Exhibit 99.1

Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results

Q4 Revenue of $451 million, up 16% year-over-year

FY26 Revenue of $1.739 billion, up 17% year-over-year

SAN FRANCISCO, May 28, 2026 -- Elastic (NYSE: ESTC), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2026.

Fourth Quarter Fiscal 2026 Financial Highlights

•Total revenue was $451 million, an increase of 16% year-over-year, or 14% on a constant currency basis

•Total subscription revenue was $422 million, an increase of 17% year-over-year, or 15% on a constant currency basis

•Sales-led subscription revenue (calculated as subscription revenue excluding Monthly Elastic Cloud) was $375 million, an increase of 19% year-over-year, or 16% on a constant currency basis

•Current remaining performance obligations were $1.203 billion, an increase of 20% year-over-year, as reported and on a constant currency basis

•Remaining performance obligations were $1.982 billion, an increase of 28% year-over-year, or 27% on a constant currency basis

•GAAP operating loss was $16 million; GAAP operating margin was -4%

•Non-GAAP operating income was $67 million; non-GAAP operating margin was 14.8%

•GAAP diluted earnings per share was $4.14; non-GAAP diluted earnings per share was $0.61

•Operating cash flow was $153 million with adjusted free cash flow of $150 million

•Cash, cash equivalents, and marketable securities were $1.370 billion as of April 30, 2026

Full Fiscal 2026 Financial Highlights

•Total revenue was $1.739 billion, an increase of 17% year-over-year, or 16% on a constant currency basis

•Total subscription revenue was $1.634 billion, an increase of 18% year-over-year, or 17% on a constant currency basis

•Sales-led subscription revenue (calculated as subscription revenue excluding Monthly Elastic Cloud) was $1.438 billion, an increase of 20% year-over-year, or 18% on a constant currency basis

•GAAP operating loss was $33 million; GAAP operating margin was -2%

•Non-GAAP operating income was $285 million; non-GAAP operating margin was 16.4%

•GAAP diluted earnings per share was $3.43(1); non-GAAP diluted earnings per share was $2.57

•Operating cash flow was $327 million with adjusted free cash flow of $346 million

•Rule of 40 was 37%, calculated as the sum of fiscal 2026 year-over-year total revenue growth of 17% and fiscal 2026 adjusted free cash flow margin of 20%

“Elastic delivered a strong finish to the year, beating our guidance across all key metrics,” said Ash Kulkarni, chief executive officer, Elastic. “Organizations are increasingly abandoning fragmented legacy applications to consolidate onto our high-performance platform for search, security, and observability. Customers are making larger commitments to Elastic over longer periods of time as we become a critical part of their AI infrastructure, accelerating our cRPO and RPO growth in Q4, setting us up for ongoing success.”

Fourth Quarter Fiscal 2026 Key Metrics and Recent Business Highlights

Key Customer Metrics

•Total customer count with Annual Contract Value (ACV) greater than $100,000 was over 1,720 compared to over 1,660 in Q3 FY26, and over 1,510 in Q4 FY25

•Net Expansion Rate was approximately 112%

Product Innovations and Updates

•Delivered native Prometheus and PromQL support to Elastic Observability, enabling Site Reliability Engineers to analyze Prometheus metrics alongside logs and traces in a single platform, without rewriting queries or rebuilding pipelines

•Launched MCP Apps in public preview, bringing first-of-their-kind agent-native UI experiences for security and observability workflows into third-party AI tools, enabling teams to act on data directly where they work, with additional capabilities for search and data exploration

•Introduced the Jina v5 Omni family, a new family of multimodal embedding models with the ability to represent text, images, video, and audio as vectors

•Selected by Google as a critical security partner for GDC air-gapped, delivering embedded security analytics, automation, and XDR capabilities for customers to secure sensitive data in highly restricted environments

•Introduced Elastic Workflows in general availability, a native automation capability with direct access to alerts, cases, and investigation data, now built directly into Elastic Security

•Added Jina Embeddings v3 in Gemini Enterprise Agent Platform Model Garden, enabling organizations to deploy high-performance retrieval models directly within their own cloud environments

Other Business Highlights

•Achieved Federal Risk and Authorization Management Program (FedRAMP®) High authorization for Elastic Cloud Hosted on AWS GovCloud (US)

•Awarded the 2026 Google Cloud Partner of the Year Award for Marketplace Category for Data Management & AI

•Achieved EU-US Data Privacy Framework and ISO 27701

•Engaged with thousands of customers and partners

estc-20260226false000170775300017077532026-02-262026-02-26

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 26, 2026

Elastic N.V. (Exact name of registrant as specified in its charter)

The Netherlands (State or other jurisdiction of incorporation)

001-38675

(Commission File Number)

98-1756035

(I.R.S. Employer Identification Number)

Not Applicable1 (Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: Not Applicable1

Not Applicable (Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange of which registered Ordinary Shares, €0.01 Par ValueESTCThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

1 We are a distributed company. Accordingly, we do not have a principal executive office. For purposes of compliance with applicable requirements of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, any shareholder communication required to be sent to our principal executive offices may be directed to the email address ir@elastic.co or to Elastic N.V., 88 Kearny St., Floor 19, San Francisco, CA 94108.

Item 2.02. Results of Operations and Financial Condition.

On February 26, 2026, Elastic N.V. (“Elastic” or the “Company”) issued a press release announcing its financial results for its third quarter ended January 31, 2026. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated herein by reference.

The information above, including Exhibit 99.1, is “furnished” and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing, unless expressly incorporated by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits. (d)Exhibits

Exhibit Description 99.1 Press Release dated February 26, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: February 26, 2026

ELASTIC N.V.

By:/s/ Navam Welihinda Name:Navam Welihinda Title:Chief Financial Officer