Market Newsdesk

Elastic Reports First Quarter Fiscal 2027 Financial Results

cRPO growth of 21% as reported and 20% on a constant currency basis

Q1 net additions to our >$100K ACV customer cohort reach the highest level to date

SAN FRANCISCO–(BUSINESS WIRE)–Elastic (NYSE: ESTC), the Search AI Company, announced financial results for its first quarter of fiscal 2027 ended July 31, 2026.

First Quarter Fiscal 2027 Financial Highlights

• Total revenue was $478 million, an increase of 15% year-over-year, as reported and on a constant currency basis

• Total subscription revenue was $449 million, an increase of 15% year-over-year, as reported and on a constant currency basis

• Sales-led subscription revenue (calculated as subscription revenue excluding Monthly Elastic Cloud) was $399 million, an increase of 18% year-over-year, or 17% on a constant currency basis

• Current remaining performance obligations were $1.153 billion, an increase of 21% year-over-year, or 20% on a constant currency basis

• Remaining performance obligations were $1.854 billion, an increase of 27% year-over-year, as reported and on a constant currency basis

• GAAP operating loss was $24 million; GAAP operating margin was -5%

• Non-GAAP operating income was $77 million; non-GAAP operating margin was 16.2%

• GAAP net loss per share was $0.16; non-GAAP diluted earnings per share was $0.70

• Operating cash flow was $132 million with adjusted free cash flow of $143 million

• Cash, cash equivalents, and marketable securities were $1.461 billion as of July 31, 2026

“Elastic delivered a strong start to fiscal 2027, beating our guidance across all key metrics,” said Ash Kulkarni, chief executive officer, Elastic. “AI is reshaping the enterprise technology stack, and organizations are making deliberate choices about where to build and how to observe and secure their applications and data. Our record quarter-over-quarter net customer additions to our >$100K ACV cohort and continued strength in cRPO and RPO growth reflect the durability of that demand. We enter the year with growing momentum across Search & AI, Security, and Observability and confidence in the trajectory of our business.”

First Quarter Fiscal 2027 Key Metrics and Recent Business Highlights

Key Customer Metrics

• Total customer count with Annual Contract Value (ACV) greater than $100,000 was over 1,800 compared to over 1,720 in Q4 FY26, and over 1,550 in Q1 FY26

• Net Expansion Rate was approximately 111%

Product Innovations and Updates

• Delivered general availability of native Prometheus and PromQL support, out-of-the-box Kubernetes agentic investigations, and automated migration features in our unified platform for metrics and logs

• Introduced Columnar Mode in technical preview, combining the efficiency of columnar analytics with Elasticsearch’s best-in-class search across all data, with especially significant improvements to the cost and performance of metrics and log analytics

• Introduced general availability of VectorDB index mode and Auto Calibration for DiskBBQ, enabling instant vector search out of the box, no setup or index tuning required

• Delivered Jina AI embedding and reranker models for on-premises and air-gapped environments through Jina On-Prem

• Introduced an agentic Kubernetes investigation workflow and MCP-based observability skills that analyze logs, metrics, anomalies, and cluster events, surfacing root causes and next steps automatically

• Expanded Attack Discovery, broader endpoint protection, and enhanced native workflow automation with Alert Zero, an AI-driven alert triage and attack investigation for the agentic SOC

Other Business Highlights

• Acquired Deductive AI, an AI-powered investigation platform that helps engineering teams identify and resolve production issues faster, bringing more AI-powered investigation and automation to Elastic Observability

• Recognized as a Leader for the Third Consecutive Year in the Gartner® Magic Quadrant™ for Observability Platforms

• Recognized as a Leader in the IDC MarketScape: Worldwide SIEM 2026

• Recognized as a Strong Performer in The Forrester Wave™: Extended Detection And Response Platforms, Q2 2026

• Achieved the industry’s 100% malware protection score in AV-Comparatives 2026 Business Security Test, tied for the highest score in the Real-World Protection Test with a 99.8% protection rate, and earned the AV-Comparatives Approved Business Product Award

• Announced our collaboration with OpenAI to bring OpenAI’s advanced reasoning models with governed enterprise context in Elasticsearch across AI applications, security operations, and observability

• Achieved the AI Security distinction in the Amazon Web Services (AWS) Security Competency

• Engaged with thousands of customers and partners at Black Hat and the RAISE AI Summit in Paris

Share Repurchase Program

In October 2025, Elastic announced a share repurchase program pursuant to which the Company may repurchase up to $500 million of the Company’s outstanding ordinary shares. As part of this program, during the first quarter of fiscal 2027, Elastic repurchased approximately 0.8 million ordinary shares at an average price per share of $49.71 on the open market, representing an aggregate value of approximately $40 million.

Financial Outlook

The Company is providing the following guidance:

For the second quarter of fiscal 2027 (ending October 31, 2026):

• Total revenue is expected to be between $486 million and $487 million, representing 14.9% year-over-year growth at the midpoint (15.0% year-over-year constant currency growth at the midpoint)

• Sales-led subscription revenue is expected to be between $407.5 million and $408.5 million, representing 16.9% year-over-year growth at the midpoint (17.1% year-over-year constant currency growth at the midpoint)

• GAAP operating margin is expected to be positive

• Non-GAAP operating margin is expected to be approximately 19.0%

• Non-GAAP diluted earnings per share is expected to be between $0.80 and $0.82, assuming between 108.0 million and 109.0 million diluted weighted average ordinary shares outstanding

For fiscal 2027 (ending April 30, 2027):

• Total revenue is expected to be between $1.998 billion and $2.010 billion, representing 15.2% year-over-year growth at the midpoint (15.3% year-over-year constant currency growth at the midpoint)

• Sales-led subscription revenue is expected to be between $1.682 billion and $1.694 billion, representing 17.4% year-over-year growth at the midpoint (17.5% year-over-year constant currency growth at the midpoint)

• GAAP operating margin is expected to be positive

• Non-GAAP operating margin is expected to be approximately 19.4%

• Non-GAAP diluted earnings per share is expected to be between $3.29 and $3.37, assuming between 108.5 million and 109.5 million diluted weighted average ordinary shares outstanding

• Adjusted free cash flow margin is expected to be approximately 21.5%, excluding any acquisitions or other one-time charges

The diluted weighted average ordinary shares outstanding reflect only share buybacks completed as of July 31, 2026.

The guidance assumes, among others, the following exchange rates: 1 Euro = 1.166 US Dollars; and 1 Great British Pound = 1.361 US Dollars.

See the section titled “Forward-Looking Statements” below for information on the risks and uncertainties that could cause our actual results to differ materially from those expressed or implied in our forward-looking statements. We present historical and forward-looking non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP. See the section entitled “Statement Regarding Use of Non-GAAP Financial Measures” below for an explanation of these non-GAAP measures. A reconciliation of forward-looking non-GAAP measures to the corresponding GAAP measures for sales-led subscription revenue, operating margin, net (loss) earnings per share, and adjusted free cash flow margin is not available without unreasonable effort due to the uncertainty regarding, and the potential variability of, many of the costs and expenses that may be incurred in the future. These items necessary to reconcile such non-GAAP measures could be material and have a significant impact on the Company’s results computed in accordance with GAAP.

Conference Call and Webcast

As previously announced, Elastic’s executive management team will host a conference call today at 2:00 p.m. PT / 5:00 p.m. ET to discuss the Company’s financial results and business outlook. A live audio webcast of the conference call will be available through Elastic’s Investor Relations website at ir.elastic.co. A presentation containing financial and operating information will be available at the same website. The replay of the webcast will also be available on the investor relations website.

About Elastic

Elastic (NYSE: ESTC) integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. The Elasticsearch Platform, which is the foundation for its search, observability, and security solutions, is used by thousands of companies, including more than 50% of the Fortune 500. Learn more at elastic.co.

Elastic and associated marks are trademarks or registered trademarks of Elastic N.V. and its subsidiaries. All other company and product names may be trademarks of their respective owners.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter ending October 31, 2026 and fiscal year ending April 30, 2027, the expected performance or benefits of and demand for our offerings, our product strategy and innovation, and the impacts of AI on enterprise technology, our industry and organizational decision-making. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements due to uncertainties, risks, and changes in circumstances, including but not limited to, those related to: our future financial performance, including our expectations regarding our revenue, cost of revenue, gross profit or gross margin, operating expenses (which include changes in sales and marketing, research and development and general and administrative expenses), and our ability to achieve and maintain profitability; the success of our AI initiatives; competition we face in the AI landscape; market understanding and valuation of AI technologies; the use of AI by our workforce; the impact of the evolving macroeconomic and geopolitical environments on our business, operations, hiring and financial results, and on businesses and spending priorities of our customers and partners; the impact of our pricing model strategies on our business; the impact of foreign currency exchange rate fluctuations, the uncertain inflation and interest rate environment, and tariffs and other international trade policies on our results; our ability to continue to deliver and improve our offerings and develop new offerings; customer acceptance and purchase of our new and existing offerings; the expansion and adoption of our offerings; our ability to realize value from investments in the business, including acquisitions; our ability to maintain and expand our user and customer base; our international expansion strategy; the impact of our licensing model on the use and adoption of our software; our operating results and cash flows; the sufficiency of our capital resources; our ability to successfully execute our go-to-market strategy; our forecasts regarding our business; risks affecting continuation of our share repurchase program; our plan to align our investments more closely with our strategic priorities that we announced earlier this year; and general market, political, economic and business conditions.

Any additional or unforeseen effects from the evolving macroeconomic and geopolitical environments may exacerbate these risks. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those expressed or implied in our forward-looking statements are included in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the fiscal year ended April 30, 2026 and subsequent quarterly and current reports filed with the SEC. SEC filings are available on the Investor Relations section of Elastic’s website at ir.elastic.co and the SEC’s website at www.sec.gov. Elastic assumes no obligation to, and does not currently intend to, update any such forward-looking statements, except as required by law.

Statement Regarding Use of Non-GAAP Financial Measures

In addition to our results determined in accordance with U.S. generally accepted accounting principles (“GAAP”), we believe the non-GAAP measures discussed below are useful in evaluating our operating performance. We use these non-GAAP financial measures to evaluate our ongoing operations and for internal planning and forecasting purposes. We believe that non-GAAP financial information, when taken collectively, may be helpful to investors because it provides consistency and comparability with past financial performance. However, non-GAAP financial information is presented for supplemental informational purposes only, has limitations as an analytical tool and should not be considered in isolation or as a substitute for financial information presented in accordance with GAAP. In addition, other companies, including companies in our industry, may calculate similarly-titled non-GAAP measures differently or may use other measures to evaluate their performance, all of which could reduce the usefulness of our non-GAAP financial measures as tools for comparison. Investors are cautioned that there are a number of limitations associated with the use of non-GAAP financial measures and key metrics as analytical tools. Investors are encouraged to review the differences between GAAP financial measures and the corresponding non-GAAP financial measures, and not to rely on any single financial measure to evaluate our business and financial results.

Reconciliations of historical GAAP financial measures to their respective historical non-GAAP financial measures are included below. In relation to constant currency non-GAAP financial measures, the only reconciling item between GAAP financial measures and non-GAAP financial measures is the effect of foreign currency rate fluctuations. Further details on how we calculate such effects can be found in the definition of “Constant Currency” below.

Sales-led Subscription Revenue

Sales-led subscription revenue is a non-GAAP financial measure that we calculate as total subscription revenue excluding Monthly Elastic Cloud. We believe sales-led subscription revenue provides management and our investors with a consistent metric with which to measure the health of our business.

Non-GAAP Gross Profit and Non-GAAP Gross Margin

We define non-GAAP gross profit and non-GAAP gross margin as GAAP gross profit and GAAP gross margin, respectively, excluding stock-based compensation expense and related employer taxes, and amortization of acquired intangible assets. We believe non-GAAP gross profit and non-GAAP gross margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance.

Non-GAAP Operating Income and Non-GAAP Operating Margin

We define non-GAAP operating income and non-GAAP operating margin as GAAP operating loss and GAAP operating margin, respectively, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, and restructuring and other related charges. We believe non-GAAP operating income and non-GAAP operating margin provide our management and investors consistency and comparability with our past financial performance and facilitate period-to-period comparisons of operations, as these metrics generally eliminate the effects of certain variables from period to period for reasons unrelated to overall operating performance.

Non-GAAP Net Income and Non-GAAP Earnings Per Share

We define non-GAAP net income as GAAP loss, excluding stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, restructuring and other related charges, and the income tax benefit from the release of any valuation allowance against deferred tax assets. Additionally, non-GAAP net income and non-GAAP earnings per share are adjusted for an assumed provision for income taxes based on a projected non-GAAP annual effective tax rate in fiscal 2027 and 2026 of 12% and 13%, respectively. We define non-GAAP earnings per share, basic, as non-GAAP net income divided by weighted average shares outstanding and non-GAAP earnings per share, diluted, as non-GAAP net income divided by weighted average diluted shares outstanding, which includes the potentially dilutive effect of the company’s employee equity incentive plan awards. We believe non-GAAP earnings per share provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this metric generally eliminates the effects of certain variables from period to period for reasons unrelated to overall operating performance.

Adjusted Free Cash Flow and Adjusted Free Cash Flow Margin

Adjusted free cash flow is a non-GAAP financial measure that we define as net cash provided by operating activities adjusted for cash paid for interest on long-term debt less cash used for investing activities for purchases of property and equipment. Adjusted free cash flow margin is calculated as adjusted free cash flow divided by total revenue. Adjusted free cash flow does not represent residual cash flow available for discretionary expenditures since, among other things, we have mandatory debt service requirements.

Constant Currency

We compare the percent change in certain results from one period to another period using constant currency information to provide a framework for assessing how our business performed excluding the effect of foreign currency rate fluctuations. In presenting this information, current and comparative prior period results are converted into United States dollars at the exchange rates in effect on the last day of our prior fiscal year, rather than the actual exchange rates in effect during the respective periods.

Contact Information

Elastic Investor Relations

[email protected]

Elastic Corporate Communications

[email protected]

Elastic N.V.

Elastic N.V. Condensed Consolidated Statements of Operations (in thousands, except share and per share data) (unaudited)
	Three Months Ended July 31,
		2026				2025
Revenue
Subscription	$	448,735			$	388,583
Services		29,378				26,705
Total revenue		478,113				415,288
Cost of revenue
Subscription		91,931				69,418
Services		29,994				27,328
Total cost of revenue		121,925				96,746
Gross profit		356,188				318,542
Operating expenses
Research and development		112,493				109,122
Sales and marketing		198,997				174,054
General and administrative		48,352				44,806
Restructuring and other related charges		19,920				—
Total operating expenses		379,762				327,982
Operating loss		(23,574	)			(9,440	)
Other income, net
Interest expense		(6,281	)			(6,351	)
Other income, net		12,597				15,782
Loss before income taxes		(17,258	)			(9	)
(Benefit from) provision for income taxes		(529	)			24,594
Net loss	$	(16,729	)		$	(24,603	)
Net loss per share attributable to ordinary shareholders, basic and diluted	$	(0.16	)		$	(0.23	)
Weighted-average shares used to compute net loss per share attributable to ordinary shareholders, basic and diluted		104,640,231				105,961,879

Elastic N.V. Condensed Consolidated Balance Sheets (in thousands, except share and per share data) (unaudited)
	As of July 31, 2026				As of April 30, 2026
Assets
Current assets:
Cash and cash equivalents	$	879,869			$	768,725
Restricted cash		1,966				1,773
Marketable securities		581,173				601,537
Accounts receivable, net of allowance for credit losses of $5,143 and $6,847 as of July 31, 2026 and April 30, 2026, respectively		236,433				464,413
Deferred contract acquisition costs		103,055				106,447
Prepaid expenses and other current assets		75,138				80,368
Total current assets		1,877,634				2,023,263
Property and equipment, net		8,172				8,591
Goodwill		356,580				356,442
Operating lease right-of-use assets		23,058				18,641
Intangible assets, net		10,443				13,059
Deferred contract acquisition costs, non-current		146,487				150,989
Deferred tax assets		566,053				567,278
Other assets		13,461				14,413
Total assets	$	3,001,888			$	3,152,676
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable	$	14,185			$	8,618
Accrued expenses and other liabilities		77,922				96,713
Accrued compensation and benefits		99,612				119,231
Operating lease liabilities		5,709				6,539
Deferred revenue		839,758				973,820
Total current liabilities		1,037,186				1,204,921
Deferred revenue, non-current		44,189				52,502
Long-term debt, net		571,195				570,895
Operating lease liabilities, non-current		18,871				14,129
Other liabilities, non-current		33,604				33,729
Total liabilities		1,705,045				1,876,176
Shareholders’ equity:
Preference shares, €0.01 par value; 165,000,000 shares authorized; no shares issued or outstanding as of July 31, 2026 and April 30, 2026		—				—
Ordinary shares, €0.01 par value; 165,000,000 shares authorized; 108,605,243 shares issued and 105,120,583 shares outstanding as of July 31, 2026; 108,360,340 shares issued and 104,751,470 shares outstanding as of April 30, 2026		1,167				1,154
Treasury stock, at cost; 3,484,660 shares held as of July 31, 2026; 3,608,870 shares held as of April 30, 2026		(249,270	)			(275,695	)
Additional paid-in capital		2,322,498				2,310,866
Accumulated other comprehensive loss		(28,868	)			(27,870	)
Accumulated deficit		(748,684	)			(731,955	)
Total shareholders’ equity		1,296,843				1,276,500
Total liabilities and shareholders’ equity	$	3,001,888			$	3,152,676

Elastic N.V. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited)
	Three Months Ended July 31,
		2026				2025
Cash flows from operating activities
Net loss	$	(16,729	)		$	(24,603	)
Adjustments to reconcile net loss to cash provided by operating activities:
Depreciation and amortization		3,358				2,316
Amortization of premium and accretion of discount on marketable securities, net		(311	)			(1,393	)
Amortization of deferred contract acquisition costs		32,467				26,173
Amortization of debt issuance costs		300				287
Non-cash operating lease cost		1,768				2,316
Stock-based compensation expense		74,782				69,935
Deferred income taxes		1,061				21,562
Unrealized foreign currency transaction loss (gain)		472				(364	)
Other		6				—
Changes in operating assets and liabilities, net of impact of business acquisitions:
Accounts receivable, net		227,026				153,982
Deferred contract acquisition costs		(24,872	)			(22,284	)
Prepaid expenses and other current assets		5,208				(5,066	)
Other assets		1,414				(1,075	)
Accounts payable		5,753				9,570
Accrued expenses and other liabilities		(18,914	)			(14,892	)
Accrued compensation and benefits		(19,493	)			(10,987	)
Operating lease liabilities		(2,127	)			(2,730	)
Deferred revenue		(139,165	)			(97,912	)
Net cash provided by operating activities		132,004				104,835
Cash flows from investing activities
Purchases of property and equipment		(590	)			(656	)
Business acquisitions, net of cash acquired		—				(8,489	)
Purchases of marketable securities		(114,760	)			(248,596	)
Sales, maturities, and redemptions of marketable securities		133,490				87,366
Net cash provided by (used in) investing activities		18,140				(170,375	)
Cash flows from financing activities
Proceeds from issuance of ordinary shares upon exercise of stock options		3,304				326
Repurchases of ordinary shares		(40,016	)			—
Net cash (used in) provided by financing activities		(36,712	)			326
Effect of exchange rate changes on cash, cash equivalents, and restricted cash		(2,095	)			(10	)
Net increase (decrease) in cash, cash equivalents, and restricted cash		111,337				(65,224	)
Cash, cash equivalents, and restricted cash, beginning of period		770,498				731,214
Cash, cash equivalents, and restricted cash, end of period	$	881,835			$	665,990

Elastic N.V. Revenue by Type (in thousands, except percentages) (unaudited)
	Three Months Ended July 31,
	2026						2025
	Amount			% of Total Revenue			Amount			% of Total Revenue
Annual Elastic Cloud	$	185,003		39	%		$	145,912		35	%
Monthly Elastic Cloud		50,202		10	%			49,862		12	%
Total Elastic Cloud		235,205		49	%			195,774		47	%
Other subscription		213,530		45	%			192,809		47	%
Total subscription		448,735		94	%			388,583		94	%
Services		29,378		6	%			26,705		6	%
Total revenue	$	478,113		100	%		$	415,288		100	%

Elastic N.V. Reconciliation of GAAP to Non-GAAP Data Supplementary Information (in thousands, except percentages) (unaudited)
	Three Months Ended July 31, 2026			% Change Year Over Year			% Change Year Over Year Excluding Currency Changes			% Change Quarter Over Quarter			% Change Quarter Over Quarter Excluding Currency Changes
Revenue
Annual Elastic Cloud	$	185,003		27	%		27	%		9	%		9	%
Monthly Elastic Cloud		50,202		1	%		1	%		5	%		5	%
Total Elastic Cloud		235,205		20	%		20	%		8	%		8	%
Other subscription		213,530		11	%		10	%		4	%		4	%
Total subscription	$	448,735		15	%		15	%		6	%		6	%
Total revenue	$	478,113		15	%		15	%		6	%		6	%
Total sales-led subscription revenue	$	398,533		18	%		17	%		6	%		7	%
Total deferred revenue	$	883,947		17	%		17	%		(14	)%		(14	)%
Total remaining performance obligations	$	1,854,226		27	%		27	%		(6	)%		(6	)%
Remaining performance obligations due within 12 months	$	1,152,670		21	%		20	%		(4	)%		(4	)%

Elastic N.V. Reconciliation of GAAP to Non-GAAP Data Adjusted Free Cash Flow (in thousands, except percentages) (unaudited)
	Three Months Ended July 31,
		2026				2025
Net cash provided by operating activities	$	132,004			$	104,835
Less: Purchases of property and equipment		(590	)			(656	)
Add: Interest paid on long-term debt		11,859				11,859
Adjusted free cash flow (1)	$	143,273			$	116,038
Net cash provided by (used in) investing activities	$	18,140			$	(170,375	)
Net cash (used in) provided by financing activities	$	(36,712	)		$	326
Net cash provided by operating activities (as a percentage of total revenue)		28	%			25	%
Less: Purchases of property and equipment (as a percentage of total revenue)		—	%			—	%
Add: Interest paid on long-term debt (as a percentage of total revenue)		2	%			3	%
Adjusted free cash flow margin		30	%			28	%
(1) Adjusted free cash flow includes cash paid for restructuring and other charges of $13.0 million during the three months ended July 31, 2026. There were no cash payments for restructuring and other charges during the three months ended July 31, 2025.

Elastic N.V. Reconciliation of GAAP to Non-GAAP Data (in thousands, except percentages, share and per share data) (unaudited)
	Three Months Ended July 31,
		2026				2025
Gross Profit Reconciliation:
GAAP gross profit	$	356,188			$	318,542
Stock-based compensation expense and related employer taxes		7,620				6,843
Amortization of acquired intangibles		2,616				1,576
Non-GAAP gross profit	$	366,424			$	326,961
Gross Margin Reconciliation(1):
GAAP gross margin		74.5	%			76.7	%
Stock-based compensation expense and related employer taxes		1.6	%			1.6	%
Amortization of acquired intangibles		0.5	%			0.4	%
Non-GAAP gross margin		76.6	%			78.7	%
Operating (Loss) Income Reconciliation:
GAAP operating loss	$	(23,574	)		$	(9,440	)
Stock-based compensation expense and related employer taxes		77,545				72,863
Amortization of acquired intangibles		2,616				1,576
Acquisition-related expenses		755				127
Restructuring and other related charges		19,920				—
Non-GAAP operating income	$	77,262			$	65,126
Operating Margin Reconciliation(1):
GAAP operating margin		(4.9	)%			(2.3	)%
Stock-based compensation expense and related employer taxes		16.2	%			17.5	%
Amortization of acquired intangibles		0.5	%			0.4	%
Acquisition-related expenses		0.2	%			—	%
Restructuring and other related charges		4.2	%			—	%
Non-GAAP operating margin		16.2	%			15.7	%
Net (Loss) Income Reconciliation:
GAAP net loss	$	(16,729	)		$	(24,603	)
Stock-based compensation expense and related employer taxes		77,545				72,863
Amortization of acquired intangibles		2,616				1,576
Acquisition-related expenses		755				127
Restructuring and other related charges		19,920				—
Income tax effects and adjustments(2)		(10,401	)			14,902
Income tax benefit from the release of a valuation allowance against deferred tax assets(2)		(157	)			—
Non-GAAP net income	$	73,549			$	64,865
Non-GAAP earnings per share attributable to ordinary shareholders, basic(1)	$	0.70			$	0.61
Non-GAAP earnings per share attributable to ordinary shareholders, diluted(1)	$	0.70			$	0.60
Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, basic		104,640,231				105,961,879
Weighted-average shares used to compute non-GAAP earnings per share attributable to ordinary shareholders, diluted		105,686,573				107,891,810
(1) Totals may not sum, due to rounding. Gross margin, operating margin, and earnings per share are calculated based upon the respective underlying, non-rounded data.
(2) We use a projected non-GAAP annual effective tax rate for the purpose of determining non-GAAP net income and non-GAAP earnings per share, basic and diluted, across the interim period. We believe this approach provides investors with a more consistent view of our underlying operating performance. Our annual projected non-GAAP tax rate excludes the impact from stock-based compensation expense and related employer taxes, amortization of acquired intangible assets, acquisition-related expenses, restructuring and other related charges, discrete tax items, valuation allowances against deferred tax assets, and other non-recurring tax adjustments, which may vary in size and frequency. Our annual projected non-GAAP tax rate for fiscal 2027 and 2026 was 12% and 13%, respectively. Our annual projected non-GAAP tax rate may change due to factors such as new tax legislation, shifts in the geographic mix of earnings, or other significant business developments. We assess this rate as needed to ensure it reflects current conditions. Applying a consistent annual rate improves comparability across reporting periods by excluding the effects of discrete or non-recurring tax items.

Elastic N.V. Reconciliation of GAAP to Non-GAAP Data (in thousands) (unaudited)
	Three Months Ended July 31,
		2026				2025
Cost of revenue reconciliation:
GAAP subscription	$	91,931			$	69,418
Stock-based compensation expense and related employer taxes		(2,908	)			(2,653	)
Amortization of acquired intangibles		(2,616	)			(1,576	)
Non-GAAP subscription	$	86,407			$	65,189
GAAP services	$	29,994			$	27,328
Stock-based compensation expense and related employer taxes		(4,712	)			(4,190	)
Non-GAAP services	$	25,282			$	23,138
Operating expenses reconciliation:
GAAP research and development expense	$	112,493			$	109,122
Stock-based compensation expense and related employer taxes		(25,525	)			(27,773	)
Acquisition-related expenses		(238	)			(8	)
Non-GAAP research and development expense	$	86,730			$	81,341
GAAP sales and marketing expense	$	198,997			$	174,054
Stock-based compensation expense and related employer taxes		(26,003	)			(24,069	)
Non-GAAP sales and marketing expenses	$	172,994			$	149,985
GAAP general and administrative expense	$	48,352			$	44,806
Stock-based compensation expense and related employer taxes		(18,397	)			(14,178	)
Acquisition-related expenses		(517	)			(119	)
Non-GAAP general and administrative expense	$	29,438			$	30,509

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827269815/en/

Elastic Investor Relations

[email protected]

Elastic Corporate Communications

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Security Data Management Technology Artificial Intelligence Software

MEDIA:

Logo

Strong Sequential Quarterly Revenue Growth; Completed Restructuring of Global Manufacturing Footprint; Improving Operating Efficiencies Drive Continued Program Wins

Newell Brands to Webcast Fireside Chat at the Barclays Global Consumer Conference

ATLANTA–(BUSINESS WIRE)–
Newell Brands Inc. (NASDAQ: NWL) announced today that President and Chief Executive Officer, Chris Peterson, and Chief Financial Officer, Mark Erceg, will participate in a fireside chat at the Barclays Global Consumer Conference at 4:30 p.m. ET on Tuesday, September 8, 2026.

The fireside chat will be webcast and may be accessed by selecting Events & Presentations from the Investors tab of the Newell Brands website at www.newellbrands.com. The webcast will be archived and available for replay following the live event.

About Newell Brands

Newell Brands (NASDAQ: NWL) is a leading global consumer goods company with a strong portfolio of well-known brands, including Rubbermaid, Sharpie, Graco, Coleman, Rubbermaid Commercial Products, Yankee Candle, Paper Mate, FoodSaver, DYMO, EXPO, Elmer’s, Oster, NUK, Spontex and Campingaz. Newell Brands is focused on delighting consumers by lighting up everyday moments.

This press release and additional information about Newell Brands are available on the Company’s website, www.newellbrands.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827667988/en/

Investors:

Joanne Freiberger

SVP, Investor Relations & Chief Communications Officer

+1 (727) 947-0891

[email protected]

Media:

Danielle Clark

Director, External Communications

+1 (404) 783-0419

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Home Goods Retail Office Products

MEDIA:

Logo

Second annual awards program spans 13 industries, 20 U.S. states, and one Canadian province ahead of September 3 ceremony in Austin

NetApp to Participate in Upcoming Conferences

SAN JOSE, Calif.–(BUSINESS WIRE)–
NetApp^TM (NASDAQ: NTAP), the Intelligent Data Infrastructure company, today announced the Company will participate in fireside chats at the following conferences:

Citi Global TMT Conference

Presenter: Wissam Jabre, EVP, Finance and CFO

Date: September 8, 2026

Presentation Time: 1:55 – 2:30 p.m. Eastern Time

Goldman Sachs Communacopia + Technology Conference

Presenter: George Kurian, Chief Executive Officer

Date: September 8, 2026

Presentation Time: 10:50 – 11:40 a.m. Pacific Time

Live audio Webcasts of the presentations will be available at investors.netapp.com. Audio Webcast archives of each event will be available after the conferences.

About NetApp

For more than three decades, NetApp has helped the world’s leading organizations navigate change – from the rise of enterprise storage to the intelligent era defined by data and AI. Today, NetApp is the Intelligent Data Infrastructure company, helping customers turn data into a catalyst for innovation, resilience, and growth.

At the heart of that infrastructure is the NetApp data platform – the unified, enterprise-grade, intelligent foundation that connects, protects, and activates data across every cloud, workload, and environment. Built on the proven power of NetApp ONTAP, our leading data management software and OS, and enhanced by automation through the AI Data Engine and AFX, it delivers observability, resilience, and intelligence at scale.

Disaggregated by design, the NetApp data platform separates storage, services, and control so enterprises can modernize faster, scale efficiently, and innovate without lock-in. As the only enterprise storage platform natively embedded in the world’s largest clouds, it gives organizations the freedom to run any workload anywhere with consistent performance, governance, and protection.

With NetApp, data is always ready – ready to defend against threats, ready to power AI, and ready to drive the next breakthrough. That’s why the world’s most forward-thinking enterprises trust NetApp to turn intelligence into advantage.

Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260826008898/en/

(Press)

Kenya Hayes

1 703 589 7595

[email protected]

(Investors)

Billie Fagenstrom

1 408 822 6428

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Technology Data Management

MEDIA:

Logo

Blend Honors Seven Customers With Best in Banking Awards at Forum 2026

Honoring leaders pushing the boundaries of banking and lending, from agentic AI in production to unified experiences across every line of business.

SAN FRANCISCO–(BUSINESS WIRE)–Blend Labs, Inc. (NYSE: BLND), a leading digital origination platform for banks, credit unions, and mortgage lenders, today announced the winners of its Best in Banking Awards, presented onstage at Forum 2026, Blend’s annual customer conference.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260827757201/en/

These awards recognize the people whose work is raising the bar for the entire industry. Across seven institutions, this year’s winners built unified experiences across lines of business, co-developed integrations, and put new agentic capabilities into production early. Together, they reflect the way Blend has long built its platform: closely with its customers.

“Some of the best solutions we’ve built at Blend have come from working side by side with customers who are willing to push the boundaries of what the banking experience can be,” said Nima Ghamsari, co-founder and Head of Blend. “They bring us real-world complexity, challenge us to make the product better, and help us understand what will actually work in production.”

The 2026 Best in Banking Award winners

Innovator of the Year
Colin Friday, SVP of Consumer Lending, and Patrick Joyce, Vice President of Digital Products and Design, Onity Mortgage

As early adopters of both Rapid and Autopilot, Blend’s agentic system, Colin Friday, Patrick Joyce, and the Onity Mortgage team’s insights have been instrumental in helping shape Blend’s product roadmap. The Onity team is now building its own AI-powered customer service experiences on Blend’s MCP Server. Autopilot has now worked on nearly 50,000 real loans, and Onity’s candid, real-world production feedback across multiple product lines exemplifies the kind of customer collaboration that helps Blend refine new technology before bringing it more broadly to market.

Ecosystem Expander Award
Katie Keating, Executive Vice President, Director of Consumer Products and Strategy, and team, Frost Bank

By scaling Blend across four major lines of business, Frost Bank has set a benchmark for building a unified, multi-product consumer experience. The results of that approach are clearest in the bank’s newest expansion: since launching Blend for deposit account opening, Frost has increased account application completions by 60%, cut manual review requirements from 15% to 3%, and reduced account opening to as little as six to seven minutes.

Connected Innovation Award
Sri Aravamudan, Sr. Director of New Member Digital Transformation, BCU

Sri Aravamudan consistently pushes the boundaries of what is possible with Blend, offering BCU as a launchpad for new partner integrations and driving ambitious timelines for go-live execution. With Blend, BCU has lifted conversion rates on deposit account openings from 40% to 60% and more than doubled its start-to-submit rate for member applications. Beyond his work inside BCU, Aravamudan regularly shares what he has learned with peer credit union leaders, helping extend the impact of that innovation across the broader financial ecosystem.

Digital Experience Excellence Award
Meredith Howerth, Consumer Banking Digital Director, Huntington National Bank

Meredith Howerth sits at the helm of a large, multi-line digital ecosystem at Huntington, turning complex, cross-functional roadmaps into intuitive consumer journeys. Her hands-on technical leadership and sharp, constructive feedback not only elevate Huntington’s platform, but actively help shape and refine Blend features used by financial institutions across the industry.

Operational Velocity Award
Cris Daly, Digital Product Manager, Langley Federal Credit Union

Cris Daly is the operational engine behind Blend initiatives at Langley Federal Credit Union, turning complex roadmaps into reality. From driving four major product rollouts in a single year to proactively clearing project blockers, Daly has helped Langley move from strategy to production with speed. With Blend, Langley has grown new digital deposit account openings by 37%, while contact center intervention on approved applications fell from 32% to 7%.

Deposit Pioneer Award
Chris Mayo, AVP of Digital Banking, and team, Delta Community Credit Union

Delta Community Credit Union went beyond adopting Blend to become a close co-innovation partner in building a more unified platform for deposit account opening and loan origination. The team continues to push the boundaries of digital onboarding, with a focus on creating a seamless, top-of-wallet member experience across products.

Scale and Synergy Award
Hitesh Vyas, Senior Technology Officer, BMO

Hitesh Vyas and the BMO team charted new territory by co-building a direct, middleware-free integration between Blend and their LOS. In solving a complex technical challenge for BMO, the team unlocked meaningful operational efficiencies and created a cleaner, more scalable integration blueprint that can benefit other same LOS users across Blend’s customer base. It is the kind of co-built solution that compounds across the platform: one customer’s hard problem becomes infrastructure for hundreds of institutions.

The Best in Banking Award winners accepted their awards onstage at Forum 2026 on Wednesday, August 26.

Hundreds of banks, credit unions, IMBs, and servicers run on Blend today. $1.3 trillion in loan applications flows through the platform every year, including 1 in 6 U.S. mortgages. That scale is the product of 15 years of building alongside lenders, with customers testing new capabilities in real production environments, surfacing hard operational and technical problems, and providing direct feedback to product teams.

About Blend

Blend Labs, Inc. (NYSE: BLND) is a leading origination platform for digital banking solutions. Financial providers, from large banks, fintechs, and credit unions to community and independent mortgage banks, use Blend’s platform to transform banking experiences for their customers. Learn more at blend.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827757201/en/

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Software Finance Artificial Intelligence Banking Professional Services Technology Fintech Digital Cash Management/Digital Assets

MEDIA:

Photo

From left to right: Patrick Joyce, Onity; Sri Aravamudan, BCU; Hitesh Vyas, BMO; Nima Ghamsari, Blend; Meredith Howerth, Huntington National Bank; Cris Daly, Langley Federal Credit Union; and Brad Bremer, Frost Bank, who accepted the award on behalf of Katie Keating.

Logo

Comcast to Participate in Goldman Sachs Investor Conference

PHILADELPHIA–(BUSINESS WIRE)–
Comcast Corporation (Nasdaq: CMCSA) announced that on Wednesday, September 9, 2026, Jason Armstrong, Chief Financial Officer of Comcast Corporation, will participate in the Goldman Sachs Communacopia + Technology Conference.

A live webcast of the event will be available on the Company’s Investor Relations website at www.cmcsa.com on Wednesday, September 9, 2026, at 11:10 A.M. Eastern Time. An on-demand replay will be available shortly after the conclusion of the presentation.

To automatically receive Comcast financial news by email, please visit our Investor Relations website and subscribe to Email Alerts.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827198285/en/

Investor Contacts:

Marci Ryvicker

[email protected]

Jane Kearns

[email protected]

Press Contacts:

Jennifer Khoury

[email protected]

(215) 531-3296

John Demming

[email protected]

(215) 429-4744

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Entertainment Technology TV and Radio Telecommunications Mobile/Wireless Networks Internet

MEDIA:

Logo

Adicet Bio Announces FDA Clearance of IND Application for ADI-212

Phase 1 study in patients with mCRPC expected to begin enrollment in the fourth quarter of 2026

REDWOOD CITY, Calif.–(BUSINESS WIRE)–
Adicet Bio, Inc. (Nasdaq: ACET), a clinical stage biotechnology company discovering and developing allogeneic gamma delta CAR T cell and in vivo CAR T therapies for autoimmune diseases, hematologic malignancies and solid tumors, today announced that the U.S. Food and Drug Administration (FDA) has cleared the Company’s Investigational New Drug (IND) application for ADI-212 for the treatment of patients with metastatic castration-resistant prostate cancer (mCRPC). The Company plans to initiate Phase 1 enrollment in patients with mCRPC in the fourth quarter of 2026.

“ADI-212 marks an important milestone in Adicet’s strategy to address the complexity of solid tumors and represents an important addition to our portfolio of allogeneic gamma delta 1 cell therapies and in vivo CAR T programs,” said Blake Aftab, Ph.D., Chief Scientific Officer of Adicet Bio. “Designed as a single off-the-shelf product, ADI-212 incorporates multiple platform enhancements by combining gene-editing and the expression of novel immune-stimulating molecules intended to strengthen anti-tumor potency, including improved antigen engagement, capacity for durable tumor-killing and active modulation of tumor microenvironment. The successful IND clearance reinforces our commitment to advancing innovative therapies for patients with cancer.”

About ADI-212

ADI-212 is a next-generation gene-edited, armored cell therapy candidate targeting prostate-specific membrane antigen (PSMA), engineered to express a novel CAR binder designed to enhance tolerability and tumor specific recognition. The program combines membrane-tethered IL-12 armoring and CRISPR/Cas9-mediated disruption of subunit 12 of the mediator complex (MED12) designed to improve potency in solid tumors and enable multiple anti-tumor mechanisms within the tumor microenvironment.

About Adicet Bio, Inc.

Adicet Bio, Inc. is a clinical-stage biotechnology company discovering and developing a broad pipeline of allogeneic gamma delta T cell therapies, engineered with chimeric antigen receptors (CARs), alongside differentiated in vivo CAR-T therapies with the potential to redefine treatment across autoimmune diseases, hematologic malignancies and solid tumors. For more information, please visit our website at https://www.adicetbio.com.

Forward-Looking Statements

This press release contains “forward-looking statements” of Adicet within the meaning of the Private Securities Litigation Reform Act of 1995 relating to the business and operations of Adicet. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “would” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements include, but are not limited to, express or implied statements regarding: clinical development of Adicet’s product candidates, including future plans or expectations for ADI-212 in mCRPC and the potential safety, tolerability and efficacy for the treatment of cancer; the timing of initiation of enrollment of a Phase 1 trial for ADI-212 in mCRPC; and expectations regarding the potential potency of ADI-212. Any forward-looking statements in this press release are based on management’s current expectations and beliefs of future events, and are subject to a number of risks and uncertainties that could cause actual results to differ materially and adversely from those set forth in or implied by such forward-looking statements, including without limitation, the effect of global economic conditions and public health emergencies on Adicet’s business and financial results, including with respect to disruptions to our preclinical and clinical studies, business operations, employee hiring and retention, and ability to raise additional capital; Adicet’s ability to execute on its strategy including obtaining the requisite regulatory approvals on the expected timeline, if at all; that positive results, including interim results, from a preclinical or clinical study may not necessarily be predictive of the results of future or ongoing studies; clinical studies may fail to demonstrate adequate safety and efficacy of Adicet’s product candidates, which would prevent, delay, or limit the scope of regulatory approval and commercialization; and regulatory approval processes of the U.S. Food and Drug Administration and comparable foreign regulatory authorities are lengthy, time-consuming, and inherently unpredictable; and Adicet’s ability to meet production and product release expectations. For a discussion of these and other risks and uncertainties, and other important factors, any of which could cause Adicet’s actual results to differ from those contained in the forward-looking statements, see the section titled “Risk Factors” in Adicet’s most recent annual report on Form 10-K, as well as discussions of potential risks, uncertainties, and other important factors in Adicet’s other filings with the U.S. Securities and Exchange Commission, including its quarterly report on Form 10-Q. All information in this press release is as of the date of the release, and Adicet undertakes no duty to update this information unless required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260827653039/en/

Adicet Bio, Inc.

Investor and Media Contacts

Anne Bowdidge

[email protected]

Penelope Belnap

Precision AQ

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Research FDA Genetics Clinical Trials Biotechnology Health Pharmaceutical Science Oncology

MEDIA: