Elastic Reports 18% Revenue Growth to $450M, AI Customers Top 3,000
Elastic's third-quarter fiscal 2026 revenue rose 18% year over year to $450 million, with AI customer count surpassing 3,000. Enterprise accounts with over $100,000 in annual contract value increased 14% to 1,660, underscoring growing traction among larger corporate users.
1. Elastic Third-Quarter Fiscal 2026 Results
Elastic delivered third-quarter fiscal 2026 revenues of $450 million, marking 18% growth year over year. This performance reflects continued demand for its search and analytics platform across enterprise and midmarket segments.
2. AI and Enterprise Account Momentum
Elastic’s AI customer base expanded to over 3,000 companies, indicating strong adoption of its AI-powered solutions. Meanwhile, enterprise accounts with ACV above $100,000 climbed 14% to 1,660, demonstrating deeper penetration into larger organizations.