Robust Revenue and Operating Margin Growth
Elastic N.V. delivered a revenue growth of 16% and a non-GAAP operating margin of 16.5% for the second quarter of fiscal 2026.
Significant Customer Commitments
The company secured over 30 commitments valued over $1,000,000 in annual commitment value, with five exceeding $10,000,000 and two over $20,000,000, marking a new record.
Expansion in AI and Security
Elastic's AI and security offerings led to large deals, including a $26,000,000 commitment with CISA and adoption of Gen AI use cases by 23% of customers spending over $100,000 annually.
Introduction of New AI Capabilities
New AI features such as AgentBuilder and Streams were introduced, enhancing Elastic's offerings in conversational experiences and log management.
Positive Financial Guidance
Elastic raised its full fiscal year 2026 revenue guidance, expecting total revenue growth of approximately 16% at the midpoint.