Earnings ·
Elastic N.V. reported first quarter fiscal 2027 financial results for the period ended July 31, 2026
ESTCElastic N.V.
Elastic N.V. reported first quarter fiscal 2027 financial results for the period ended July 31, 2026. Total revenue increased 15% year-over-year to $478 million, while subscription revenue rose 15% to $449 million. GAAP operating loss was $24 million compared to a non-GAAP operating income of $77 million. The company reported non-GAAP diluted earnings per share of $0.70 and generated $132 million in operating cash flow with adjusted free cash flow of $143 million. Elastic provided second quarter fiscal 2027 revenue guidance between $486 million and $487 million, representing approximately 15% year-over-year growth at the midpoint. The company also announced an acquisition of Deductive AI and repurchased approximately $40 million in shares during the quarter. Elastic N.V. operates in the enterprise software industry, providing search, observability, and security solutions powered by artificial intelligence.