Post earnings note company quarterly analysis
FINANCE NOTE

Elastic (NYSE: ESTC) — Q1 FY2027 Post Earnings

by

Operations

Q1 2027
Q1 Revenue ↑ 15.1% YoY $478.1M
Segments
Elastic Cloud 49.2%
Other Subscription 44.7%
Services 6.1%

Key Earnings Driver

Elastic Cloud Elastic Cloud revenue increased 20.1% year over year to $235.2 million, Other Subscription Revenue increased 10.7% and Services revenue increased 10%. Elastic Cloud was the company’s fastest-growing reported revenue category.

Key Operating Metrics¹

METRIC

STATUS

Elastic Cloud↑ 20.1%

🟢 Scaling

Other Subscription↑ 10.7%

Key Financial Metrics

Gross Margin 74.50% -2.2 pp YoY
Backlog / Revenue 387.8% 3.87x Qtr Rev
CapEx Intensity 0.12% 0.00x Revenue

Sources: Elastic Q1 FY2027 Earnings Release — Company Website, Elastic Q1 FY2027 Investor Presentation — Company Website, Elastic Q1 FY2026 Earnings Release — SEC Filing

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from Elastic website and/or SEC filings for Q1, with status based on reported data.