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Elastic ESTC Q2 2026 earnings

Reported November 20, 2025 · After market close

Revenue$423.5MBeat by $5.1MDiluted EPS$0.64Beat by $0.06
Revenue estimate$418.4M
EPS estimate$0.58

Next report

Aug 27, 2026 (in 2 months)
Revenue estimate$469.4M
EPS estimate$0.59

Financials

Q2 2026

Income statement

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Revenue$423.5M+15.9%
Gross profit$321.5M+18.1%
Operating income-$8.2M-86.1%
Net income-$51.3M-102%
EPS (diluted)-$0.48-92.0%

Balance sheet

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Cash & equivalents$804.1M+21.5%
Total debt$590.7M+0.2%
Total equity$891.1M+9.8%
Total assets$2.5B+11.0%

Cash flow

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Operating cash flow$26.6M-30.7%
CapEx$605.0K-15.4%
Free cash flow$26.0M-30.9%

Valuation & ratios

Q2 2026

Valuation

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Market cap$9.48B+15.0%
Enterprise value$9.27B+13.4%
P/S5.9×-0.1×

Profitability

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Gross margin75.5%+1.5pp
Operating margin-2.1%-0.9pp
Net margin-6.8%—
FCF margin18.8%+4.2pp

Returns & leverage

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Return on equity-12.8%—
Debt / equity0.7×-0.1×
Current ratio2×0.0×

Segments

By product

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Self-managed subscription$192.0M+11.7%
Saa S Self Managed - Annual$156.9M+27.1%
Saa S Self Managed - Monthly$48.8M+7.4%
Services$25.8M+5.0%

Versus estimates

Revenue

Q4 2026$450.7MBeat by $4.0MQ3 2026$449.9MBeat by $11.4M
Q2 2026$423.5MBeat by $5.1M
Q1 2026$415.3MBeat by $18.1MQ4 2025$388.4MBeat by $8.1MQ3 2025$382.1MBeat by $13.0M

Diluted EPS

Q4 2026$0.61Beat by $0.05Q3 2026$0.73Beat by $0.09
Q2 2026$0.64Beat by $0.06
Q1 2026$0.60Beat by $0.18Q4 2025$0.47Beat by $0.10Q3 2025$0.63Beat by $0.16

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Questions, answered.

When did Elastic report Q2 2026 earnings?
Elastic (ESTC) reported Q2 2026 earnings on November 20, 2025 after market close.
What were Elastic's Q2 2026 revenue and EPS?
Elastic reported revenue of $423.5M and diluted EPS of $0.64 for Q2 2026.
Did Elastic beat estimates in Q2 2026?
Revenue beat the consensus estimate of $418.4M by $5.1M. EPS beat the consensus estimate of $0.58 by $0.06.
How did Elastic's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 15.9% from $365.4M a year earlier and diluted EPS grew 8.5% from $0.59.
Where can I find Elastic's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001707753-25-000053) and the 10-Q periodic report (0001707753-25-000056) directly on SEC EDGAR. The filing index links above go to sec.gov.