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Jan 31
Elastic Q3 2026 Earnings Report
Elastic reported third quarter fiscal 2026 results with 18% revenue growth and strong non-GAAP profitability expansion.
Key Takeaways
Elastic generated 449881000 in total revenue, up 18% year-over-year, with GAAP net income of 7753000 and non-GAAP operating margin of 18.6%, supported by solid subscription growth and improved free cash flow.
Total revenue increased 18% year-over-year to 449881000.
Non-GAAP operating income reached 83496000 with 18.6% margin.
Adjusted free cash flow was 53660000, representing a 12% margin.
Net expansion rate remained strong at approximately 112% with over 1660 customers above 100000 ACV.
Revenue by Segment
Forward Guidance
For Q4 fiscal 2026, Elastic expects revenue between 445000000 and 447000000 with non-GAAP operating margin of approximately 14.5% and non-GAAP EPS between 0.55 and 0.57.
Positive Outlook
- Q4 revenue guidance between 445000000 and 447000000.
- Expected year-over-year growth of approximately 15% at midpoint.
- Sales-led subscription revenue expected between 371000000 and 373000000.
- Non-GAAP operating margin expected at approximately 14.5%.
- Full-year revenue guidance reaffirmed between 1734000000 and 1736000000.
Challenges Ahead
- Expected deceleration in growth compared to Q3.
- Non-GAAP operating margin projected lower than Q3 levels.
- Constant currency growth lower than reported growth.
- Guidance assumes specific foreign exchange rates.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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