Compared to Estimates, Elastic (ESTC) Q1 Earnings: A Look at Key Metrics
Elastic reported Q1 FY2026 revenue of $478.11 million, up 15.1% year-over-year, beating the consensus estimate of $469.56 million by 1.82%. EPS came in at $0.70, significantly exceeding the $0.58 estimate by 20.69%. Subscription revenue grew 15.5% to $448.74 million, with Elastic Cloud revenue reaching $235.21 million, up 20.1% year-over-year. The stock has gained 23% over the past month but maintains a Zacks Rank #3 (Hold) rating.
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