Elastic N.V. increased first-quarter Revenue 15% year over year to $478 million, while non-GAAP diluted EPS reached $0.70 and adjusted free Cash Flow totaled $143 million. The results matter to investors because they show expanding subscription commitments alongside a GAAP loss per share of $0.16 and non-GAAP Operating Margin of 16.2%.

Key Highlights

  • Subscription revenue reached $449 million, up 15% year over year on both reported and constant-currency bases.
  • Current remaining performance obligations increased 21% year over year to $1.153 billion, or 20% excluding currency changes.
  • Elastic’s customer count with annual contract value above $100,000 exceeded 1,800, compared with over 1,720 in the previous quarter.

Elastic N.V. (NYSE: ESTC) generated $478 million in first-quarter fiscal 2027 revenue, a 15% year-over-year increase on both reported and constant-currency bases. The period ended July 31, 2026, with management describing the quarter as a strong start to fiscal 2027.

Elastic said Demand remained durable as artificial intelligence reshaped the enterprise technology stack. The company also pointed to rising momentum across Search & AI, Security and Observability.

Subscription revenue totaled $449 million, increasing 15% year over year on both reported and constant-currency bases. Sales-led subscription revenue, calculated without Monthly Elastic Cloud, reached $399 million, up 18% year over year as reported and 17% on a constant-currency basis.

Commitments and Customer Expansion

Current remaining performance obligations rose 21% year over year to $1.153 billion, or 20% on a constant-currency basis. Total remaining performance obligations climbed 27% year over year to $1.854 billion on both reported and constant-currency bases.

The number of customers with annual contract value above $100,000 exceeded 1,800. Elastic said first-quarter net additions to that customer group reached a record level sequentially. The figure compared with over 1,720 in the fourth quarter of fiscal 2026 and over 1,550 in the first quarter of fiscal 2026.

Net Expansion Rate was approximately 111%. Management linked the customer additions and remaining-performance-obligation growth to the durability of demand.

GAAP Loss, Non-GAAP Profit

Elastic posted a GAAP operating loss of $24 million, equal to a GAAP operating margin of -5%.

GAAP net loss was $16.729 million. Operating Cash Flow reached $132 million, while adjusted free cash flow was $143 million.

Share Repurchases and Outlook

The guidance covers total revenue, sales-led subscription revenue, GAAP and non-GAAP operating margins, non-GAAP Diluted Earnings per Share and adjusted free cash flow margin.

Elastic expects GAAP operating margin to be positive in both periods. Its outlook also calls for adjusted free cash flow margin of approximately 21.5% for fiscal 2027, excluding acquisitions or other one-time charges.

Source(s)

  • https://www.sec.gov/Archives/edgar/data/1707753/000170775326000035/estc-20260827.htm