Elastic NVExpanded OpenAI collaboration positions Elastic as retrieval and governance layer, driving adoption of its products.

In late July 2026, Elastic N.V. announced an expanded collaboration with OpenAI Inc., sending its shares up 12.1%. The partnership positions Elastic as the retrieval and governance layer for OpenAI's reasoning models, connecting them with Elasticsearch to enable permission-aware context, lower token costs, and agentic security operations that can incorporate GPT-5.5 Cyber models directly into Elastic Security workflows. The deal aims to support production-ready, enterprise AI applications grounded in governed data across search, security, and observability. Elastic's narrative projects $2.6 billion in revenue and $120.3 million in earnings by 2029, assuming 14.7% yearly revenue growth and an earnings decline of about $247.5 million from $367.8 million today. Some analysts already expected Elastic to reach about $2.8 billion in revenue and $160.8 million in earnings, and this collaboration could reinforce or challenge those upbeat views.
Elastic NVExpanded OpenAI collaboration positions Elastic as retrieval and governance layer, driving adoption of its products.