Elastic Beats Q1 Guidance, Raises FY27 Outlook on 15% Revenue Growth
ESTC sits 84% above its 52-week low of $42.05 on elevated volume (2.0× avg).
Summary
Elastic delivered a strong Q1 FY27: revenue of $478M, up 15% YoY, beating guidance across all key metrics. Non-GAAP EPS of $0.70 crushed expectations, and cRPO grew 21% to $1.153B, signaling durable demand. The company raised its full-year revenue outlook to $1.998-2.010B and non-GAAP EPS to $3.29-3.37, well above prior consensus. Management highlighted record net customer additions in the >$100K ACV cohort and continued momentum in Search & AI, Security, and Observability. The quarter also included a $40M share buyback at an average price of $49.71, well below the current $77.21, reflecting opportunistic capital return. This follows the June workforce reduction and Deductive AI acquisition, reinforcing the AI-focused strategic realignment. With adjusted free cash flow of $143M and $1.46B in cash, the balance sheet remains strong. The raised guidance and accelerating cRPO growth are the key drivers for the stock.
At the time of this announcement, ESTC was trading at $77.21 on NYSE in the Technology sector, with a market capitalization of approximately $8.7B. The 52-week trading range was $42.05 to $96.07. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.