Elastic Q1 revenue up 15% to $478 million; GAAP net loss narrows to $16.7 million
Elastic reported first-quarter fiscal 2027 results for the quarter ended July 31, 2026, with total revenue of $478 million, up 15% year over year. GAAP net loss narrowed to $16.7 million from $24.6 million a year earlier, and non-GAAP diluted earnings per share rose to $0.70 from $0.60. The company also issued guidance for the second quarter and full fiscal 2027, with fiscal 2027 revenue expected between $1.998 billion and $2.010 billion.
Key points
- Total revenue of $478 million, up 15% year over year; sales-led subscription revenue of $399 million, up 18%
- GAAP net loss of $16.7 million versus $24.6 million a year earlier, including a $19.9 million restructuring and other related charge
- Non-GAAP diluted earnings per share of $0.70 versus $0.60 a year earlier
- Q2 fiscal 2027 revenue guidance of $486 million to $487 million; fiscal 2027 revenue guidance of $1.998 billion to $2.010 billion
The filing
Written by AI on Nov 9, 2026, 8:53 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.