Elastic Analysts Raise Their Forecasts After Upbeat Q1 Results

Elastic N.V. (NYSE:ESTC) reported better-than-expected first-quarter results and raised its FY2026 guidance.

Elastic reported quarterly earnings of 60 cents per share which beat the analyst consensus estimate of 42 cents per share. The company reported quarterly sales of $415.29 million which beat the analyst consensus estimate of $397.20 million.

Elastic raised its FY2026 adjusted EPS guidance from $2.24-$2.32 to $2.29-$2.35 and also increased its sales guidance from $1.66 billion-$1.67 billion to $1.68 billion-$1.69 billion.

“Elastic had an excellent Q1 and a strong start to the fiscal year surpassing the high end of our guidance across all metrics,” said Ash Kulkarni, Chief Executive ...