ESTC News & Events

Elastic announced new capabilities that bring the same scale, performance, and operational simplicity that have made Elastic a trusted platform for logs to metrics. With native Prometheus and PromQL support, out-of-the-box Kubernetes investigation workflows, and automated migration from Datadog and Grafana, Elastic now delivers a unified platform for metrics and logs. Built on Elasticsearch's columnar metrics engine, the platform can query metrics up to 30x faster than Prometheus and store data up to 2.5x more efficiently, without cardinality limits or custom metric penalties.

The company states: "On June 18, 2026, Ken Exner, the Company's Chief Product Officer, notified the Company of his decision to resign from his position as Chief Product Officer. Mr. Exner's last day with the Company will be July 17, 2026. Mr. Exner will be leaving to pursue another opportunity and his resignation is not a result of any disagreement with the Company or its board of directors, or any matter relating to the Company's operations, policies, or practices."

The company states: "As discussed during the earnings call held on May 28, 2026, the Company is evolving its organization to better align its teams with working in an age of AI automation. On June 23, 2026, the Company committed to a plan to align its investments more closely with its strategic priorities. The plan is intended to simplify team structures, reduce organizational complexity, improve decision-making speed, reallocate resources towards key growth areas, and invest in the skills and capabilities needed to support the Company's ongoing growth. As part of this drive, the Company expects to reduce its workforce by approximately 7%. The Company plans to continue hiring in key strategic areas and locations, including continuing to grow headcount in customer-facing go-to-market functions, and expects total headcount to grow this fiscal year compared to last fiscal year, as it continues to invest in future growth opportunities. The Company expects to incur total non-recurring cash charges of approximately $22 million to $25 million under the plan, which will primarily consist of employee-related costs, including severance and other termination benefits. The Company expects to incur the substantial majority of these charges during the first quarter of fiscal 2027 and expects to incur the remaining amount of these charges in future periods. The Company expects that the implementation of the workforce reductions will be substantially completed by the end of the third quarter of fiscal 2027, although the timing of workforce reductions may vary by country based on local legal requirements."