Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
Elastic reported fourth quarter and fiscal 2026 results, with revenue and contract commitments exceeding guidance. The company repurchased shares worth $340 million during the year.
Elastic announced financial results for its fourth quarter and fiscal year ended April 30, 2026, reporting revenue and contract commitments that surpassed guidance. CEO Ash Kulkarni highlighted increased customer commitments to the Elasticsearch Platform, particularly as organizations consolidate legacy systems for search, security, and observability. The company noted accelerated growth in committed recurring revenue and remaining performance obligations, positioning it for continued expansion.
During fiscal 2026, Elastic repurchased approximately 4.4 million ordinary shares at an average price of $76.91 per share, totaling $340 million. An additional $40 million was spent in the fourth quarter on 0.7 million shares at an average price of $61.28. The share buyback program, announced in October 2025, allows for up to $500 million in repurchases.
Elastic reported GAAP diluted earnings per share that included a $435 million income tax benefit from releasing a valuation allowance against deferred tax assets. This adjustment did not affect operating results, non-GAAP earnings, adjusted free cash flow, or cash equivalents. The company also provided guidance based on exchange rates of 1 Euro to 1.163 US Dollars and 1 British Pound to 1.344 US Dollars.
The company will host a conference call to discuss financial results and business outlook, with a live audio webcast available on its Investor Relations website. Elastic integrates search technology with AI to help organizations transform data into answers and outcomes, serving over 50% of the Fortune 500 with its Elasticsearch Platform.