Elastic Beat and Raised Guidance. Wall Street Says One Quarter Isn’t Enough.

Elastic N.V. reported results for the first quarter of fiscal 2027 ending July 31, 2026, with total revenues reaching $478 million, representing a 15% increase compared to the prior-year period. Subscription revenue similarly grew 15% year-over-year to $449 million, while sales-led subscription revenue climbed 18% to $399 million. The company added more than 80 customers with annual contract value exceeding $100,000, expanding its total customer base in that segment to over 1,800.
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