Elastic N.V. ( (ESTC) ) has released its Q2 earnings. Here is a breakdown of the information Elastic N.V. presented to its investors.
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Elastic N.V., known as the Search AI Company, integrates search technology with artificial intelligence to provide solutions in search, observability, and security across various industries. In its second quarter of fiscal 2026, Elastic reported a revenue of $423 million, marking a 16% increase from the previous year. The company also raised its full-year revenue guidance by $18 million, highlighting strong customer commitments. Key financial metrics include a 17% year-over-year increase in subscription revenue and a 22% rise in Elastic Cloud revenue. Despite a GAAP operating loss of $8 million, the company achieved a non-GAAP operating income of $70 million. Elastic’s strategic advancements include launching new AI-driven products and acquiring Jina AI to enhance its search capabilities. Looking ahead, Elastic expects continued growth, projecting a 15% year-over-year revenue increase for the next quarter, supported by ongoing product innovation and customer expansion.