Elastic N.V. (ESTC) AI Stock Analysis

Elastic N.V. specializes in search and data solutions for public, private, and multi-cloud environments. Its core offering is the Elastic Stack, which manages data ingestion, storage, search, analysis, and visualization. Elasticsearch operates as a distributed real-time search and analytics engine for structured, unstructured, textual, numerical, and geospatial data. Kibana provides user interface and management capabilities, Beats functions as specialized data shippers from edge devices, and Logstash processes data pipelines. Elastic Agent delivers host protection and centralized management. The company also offers specialized solutions for app search, workplace search, logging, metrics monitoring, application performance management, and synthetic monitoring.

Revenue increased from $862.4M in FY2022 to $1.74B in FY2026, supported by a 5-year revenue CAGR of 23.4%. Gross margin expanded from 73.1% in FY2022 to 76.1% in FY2026. Operating margin improved from -20.1% in FY2022 to -1.9% in FY2026, though trailing operating margin remained slightly negative at -0.6%. Net income reached $367.8M in FY2026 with a 21.1% net margin, compared to a net loss of -$108.1M in FY2025. In the latest quarter ended July 31, 2026, quarterly revenue grew 15.1% year-over-year, bringing trailing twelve-month revenue to $1.80B and trailing diluted EPS to $3.50.

As of July 31, 2026, Elastic held $1.46B in cash and short-term investments against total debt of $595.8M, yielding net cash of $865.3M. Total assets stood at $3.00B and shareholders' equity was $1.30B, reflecting a debt-to-equity ratio of 0.46 and a current ratio of 1.81. Operating cash flow grew to $326.9M in FY2026, while capital expenditures were limited to $5.1M, producing $321.8M in free cash flow. In FY2026, the company deployed $340.1M toward share buybacks, while share count has expanded 13.5% over 5 years.

At $91.74, Elastic trades at an enterprise value of $8.72B and a market cap of $9.63B. Its trailing P/E of 26.2x is below the 28.1x median of its US-listed Technology peers, while its forward P/E of 27.4x stands above the peer median of 18.8x. The stock trades at a price-to-sales multiple of 5.3x compared to 2.8x for the peer group, and its EV-to-EBITDA stands at 473.9x versus 16.6x for peers. Over the trailing 12 months, the stock returned 13.9%, trailing the S&P 500 (SPY) return of 16.8%, and its 5-year return is -46.6% compared to 83.0% for the S&P 500.

Wall Street coverage includes 15 Strong Buy, 4 Buy, and 11 Hold ratings, with zero Sell or Strong Sell recommendations. The mean price target of $111.52 represents a 21.6% premium over the last close of $91.74. For the fiscal year ending April 30, 2027, consensus estimates project revenue of $2.01B and EPS of $3.36, representing 30.7% EPS growth. For the following fiscal year, 29 analysts project revenue of $2.30B and EPS of $3.96. Elastic has beaten EPS estimates in 3 of the last 4 quarters, and the next earnings date is November 19, 2026.

This page is an AI-written research summary of Elastic N.V. (ESTC). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: ESTC income statement, ESTC balance sheet, ESTC key metrics, ESTC analyst forecast, ESTC chart. See the ESTC stock overview for the latest quote and news.