Elastic NV

ESTC: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Elastic Earnings: Normalization of Growth Keeps AI-Disruption and Terminal Value Question Alive

Mark Giarelli

May 29, 2026

Elastic’s fourth-quarter results slightly exceeded management’s expectations across key metrics, but guidance for 2027 implies revenue growth slowing to roughly 14.6%—below its high-teens trend, which punished the stock and underscores the uneven impact of artificial intelligence on software.

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Elastic NV

Elastic Earnings: Normalization of Growth Keeps AI-Disruption and Terminal Value Question Alive

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