Elastic reported a strong first quarter with significant revenue growth and profitability, driven by AI adoption and competitive success in security, despite facing a complex macro environment and challenges in the U.S. public sector.

Company Guidance

During Elastic N.V.'s first quarter of fiscal 2026 earnings call, the company reported a 20% year-over-year revenue growth, surpassing guidance expectations. Sales-led subscription revenue grew by 22%, indicating strong demand for Elastic's search AI platform and robust sales execution. The company achieved a non-GAAP operating margin of 16% and reported more than 1,550 customers spending over $100,000 annually. Current remaining performance obligations (CRPO) were approximately $956 million, reflecting an 18% year-over-year increase. The quarter also saw an expansion in the U.S. public sector and strategic shifts towards AI and platform consolidation, contributing to a strong performance across search, observability, and security solutions. Elastic raised its fiscal 2026 revenue guidance, expecting total revenue between $1.679 billion and $1.689 billion, demonstrating confidence in sustained growth and profitability.

Revenue Growth Exceeds Expectations

Elastic reported a 20% revenue growth for the first quarter of fiscal 2026, surpassing the high end of their guidance, driven by both cloud and self-managed offerings.

Strong Performance in Sales-Led Subscription Revenue

Sales-led subscription revenue grew by 22%, indicating effective execution by the sales team and strong market demand for Elastic's products.

Non-GAAP Operating Margin and Cash Flow

The company achieved a non-GAAP operating margin of 16% and an adjusted free cash flow margin of 28%, reflecting strong profitability and cash generation.

Growth in AI and Gen AI Use Cases

Over 2,200 Elastic Cloud customers are using Elastic for gen AI applications with significant increases in million ACV customers for these use cases.

Security Business Competitive Success

Elastic's security business achieved strong results with 1/3 of new and expansion wins involving competitive displacements, underscoring Elastic's strength in the security market.

Recognition as a Leader

Elastic was named a leader in the Forrester Wave: Security Analytics Platform and in the 2025 Gartner Magic Quadrant for Observability Platforms.

Elastic (ESTC) Earnings, Revenues Date & History

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ESTC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 26, 2025	2026 (Q2)	0.57 / -	0.59	―	―	―
Aug 28, 2025	2026 (Q1)	0.42 / 0.60	0.35	71.43% (+0.25)
May 29, 2025	2025 (Q4)	0.37 / 0.47	0.21	123.81% (+0.26)
Feb 27, 2025	2025 (Q3)	0.47 / 0.63	0.36	75.00% (+0.27)
Nov 21, 2024	2025 (Q2)	0.38 / 0.59	0.37	59.46% (+0.22)
Aug 29, 2024	2025 (Q1)	0.26 / 0.35	0.25	40.00% (+0.10)
May 30, 2024	2024 (Q4)	0.20 / 0.21	0.22	-4.55% (-0.01)
Feb 29, 2024	2024 (Q3)	0.32 / 0.36	0.17	111.76% (+0.19)
Nov 30, 2023	2024 (Q2)	0.24 / 0.37	0.002	18400.00% (+0.37)
Aug 31, 2023	2024 (Q1)	0.11 / 0.25	-0.15	266.67% (+0.40)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ESTC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 28, 2025	$87.79	$85.06	-3.11%
May 29, 2025	$92.03	$80.87	-12.13%
Feb 27, 2025	$101.28	$116.36	+14.89%
Nov 21, 2024	$94.13	$108.03	+14.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.