Elastic Q1 Adjusted Earnings, Revenue Rise; Shares Surge After Hours

04:22 PM EDT, 08/27/2026 (MT Newswires) -- Elastic (ESTC) reported fiscal Q1 non-GAAP earnings late Thursday of $0.70 per diluted share, up from $0.60 a year earlier. Analysts polled by FactSet expected $0.58. Revenue in the three months ended July 31 rose to $478.1 million from $415.3 million a year earlier. Analysts projected $469.7 million. The company expects fiscal Q2 non-GAAP EPS of $0.80 to $0.82 on revenue of $486 million to $487 million. Analysts project EPS of $0.79 on revenue of $483.5 million. Elastic boosted fiscal 2027 guidance to non-GAAP EPS of $3.29 to $3.37 on revenue of $1.998 billion to $2.01 billion, up from the prior forecast of EPS of $3.21 to $3.29 on revenue of $1.985 billion to $2 billion. Analysts expect EPS of $3.24 on revenue of $1.996 billion. Elastic shares jumped 22% in after-hours trading.