Observability Software

Elastic (NYSE: ESTC) — Q1 FY2027 Post Earnings

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Post earnings note company quarterly analysis

Operations

As of August 27, 2026
Q1 Revenue ↑ 15% YoY $478M
Divisions
Elastic Cloud 49.2%
Other Subscription Revenue 44.7%
Services 6.1%

Key Earnings Driver

Elastic Cloud Elastic Cloud revenue increased 20% year over year to $235.2 million, Other Subscription Revenue increased 11% and Services revenue increased 10%. Elastic Cloud was the company’s fastest-growing reported revenue category.

Key Operating Metrics¹

METRIC

STATUS

Elastic Cloud↑ 20%

🟢 Scaling

Other Subscription Revenue↑ 11%

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 website and/or SEC filings for Q, with status based on reported data.

Cisco (NASDAQ: CSCO) — Q4 FY2026 Post Earnings

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Post earnings note company quarterly analysis

Operations

As of August 13, 2026
Q4 Revenue ↑ 18% YoY $17.3B
Divisions
Networking 56.7%
Security 12.9%
Collaboration 6.8%
Observability 1.6%
Services 22.0%

Key Earnings Driver

AI Infrastructure Networking revenue increased 28% year over year to $9.8B. Within Networking, AI infrastructure revenue reached approximately $4B for FY2026, up approximately 300% from $1B, and AI infrastructure orders reached $9.3B. Security revenue increased 14% to $2.23B, Collaboration revenue increased 12% to $1.17B, Observability revenue increased 6% to $275M, while Services revenue was flat at $3.79B.

Key Operating Metrics¹

METRIC

STATUS

Networking↑ 28%

AI Infrastructure

🟢 Scaling

Security↑ 14%

Services

🟡 Watch

Sources: Cisco Q4 FY2026 and FY2026 Earnings — Company Website

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

Cisco (NASDAQ: CSCO) — Q4 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

As of August 13, 2026
Q3 Revenue ↑ 12% YoY $15.8B
Divisions
Networking 55.6%
Security 12.7%
Collaboration 6.5%
Observability 1.7%
Services 23.5%

Key Earnings Driver

AI Infrastructure Networking revenue increased 25% year over year to $8.8B. Within Networking, Cisco reported $5.3B in AI infrastructure orders year to date through Q3 FY2026, with the company expecting FY2026 AI infrastructure orders to reach $9B and AI infrastructure revenue to reach $4B. Security revenue was flat at $2.0B, Collaboration revenue decreased 1% to $1.0B, Observability revenue increased 3% to $269M, while Services revenue declined 1% to $3.7B.

Key Operating Metrics¹

METRIC

STATUS

Networking↑ 25%

AI Infrastructure

🟢 Scaling

Security→ 0%

🟡 Watch

Services↓ 1%

🟡 Watch

Sources: Cisco Q3 FY2026 Earnings Release — Company Website, Cisco Q3 FY2026 Revenue Disaggregation — SEC Filing

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