Elastic NV

ESTC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Elastic Earnings: Strong, but Same Structural Limits Keep Fair Value Estimate in Check

Mark Giarelli , Robert Leary

Aug 28, 2026

Elastic’s fiscal first-quarter earnings were strong across the board, exceeding management’s guidance for the top and bottom lines. Record large-customer additions and stronger forward demand indicators support the view that midteens growth can persist in the near term.

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Elastic NV

Elastic Earnings: Strong, but Same Structural Limits Keep Fair Value Estimate in Check

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