SAN FRANCISCO, August 27, 2026, 18:33 EDT — Elastic (ESTC) stock jumped 19.7% in after-hours trading as the company reported quarterly revenue of $478 million.
- Elastic shares rose to $100.25 in after-hours trade, marking a 19.7% increase from Thursday’s closing price of $83.74.
- Revenue for the fiscal first quarter increased by 15% to $478 million, surpassing the FactSet forecast of $470 million.
- Remaining performance obligations currently stand at $1.153 billion, up 21%.
- Management projects fiscal-2027 revenue will range from $1.998 billion to $2.010 billion.
Shares of Elastic N.V. jumped 19.7% following an earnings report that surpassed expectations on Thursday. The rise boosted its market capitalization by roughly $1.7 billion.
The enterprise-search firm recorded gains across more areas than indicated by the headline results. Revenue, the number of large clients, contracted backlog, and cash flow all rose.
Elastic N.V. (NYSE: ESTC) was last seen at $100.25 as of 18:30 EDT, up $16.51 from the stock’s regular-session close Public after-hours data.
Elastic rose 5.7% in the regular session. Trading volume stood at 5.17 million shares, roughly 2.4 times the stock’s 65-day average MarketWatch quote.
Revenue for the first quarter increased by 15%, totaling $478 million. Adjusted earnings were $0.70 per share, surpassing the FactSet consensus of $0.58 Investor’s Business Daily.
| Metric | Q1 FY2027 | Comparison |
|---|---|---|
| Revenue | $478 million | Up 15% from a year earlier; roughly $8 million ahead of consensus |
| Adjusted EPS | $0.70 | $0.12 higher than consensus |
| Current RPO | $1.153 billion | Rises 21% year over year |
| Customers above $100,000 ACV | More than 1,800 | Up from over 1,550 in the prior year period |
| Adjusted free cash flow | $143.3 million | $116.0 million in the same quarter last year |
Sales-led subscription revenue rose 18% to $399 million, surpassing overall revenue growth and highlighting the resilience of contracted enterprise demand.
Current remaining performance obligations increased by 21% to reach $1.153 billion. Total remaining obligations were up 27%, amounting to $1.854 billion.
The number of customers spending over $100,000 each year rose to above 1,800. A year ago, Elastic reported more than 1,550 customers in this category.
Chief Executive Ash Kulkarni said, “AI is reshaping the enterprise technology stack,” pointing to growth in search, security and observability company earnings release.
The company projects second-quarter revenue between $486 million and $487 million. The midpoint of $486.5 million is above the analyst forecast of about $483 million.
Elastic forecast fiscal-2027 revenue between $1.998 billion and $2.010 billion. The company also anticipated an adjusted operating margin of 19.4% and an adjusted free-cash-flow margin of 21.5%.
After the results, the price in after-hours trading surpassed the average analyst target set before the announcement. Prior to the report, twenty-four analysts held a Buy consensus, with an average target of $89.50 Public analyst data.
Risks: Prices after hours may move in the opposite direction due to reduced liquidity. Elastic reported a GAAP operating loss of $24 million, and stock-based compensation continued to be significant.
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