Elastic NVElastic raised FY2027 non-GAAP EPS guidance to $3.29-$3.37 and projected revenue of ~$2.0B after a strong Q1 with 16.2% non-GAAP operating margin.

Elastic raised its full-year non-GAAP EPS guidance to $3.29-$3.37 and projected FY 2027 total revenue of $1.998 billion to $2.010 billion, citing a strong first quarter. In Q1, the company reported total revenue of $478 million, sales-led subscription revenue of $399 million, and a non-GAAP operating margin of 16.2%. CEO Ashutosh Kulkarni highlighted strong demand across search, AI, and security, with CRPO growth of 21% and RPO growth of 27%. The company also acquired Deductive AI and nominated Julia Liuson to its board. CFO Navam Welihinda guided Q2 total revenue of $486 million to $487 million and non-GAAP EPS of $0.80 to $0.82.
Elastic NVElastic raised FY2027 non-GAAP EPS guidance to $3.29-$3.37 and projected revenue of ~$2.0B after a strong Q1 with 16.2% non-GAAP operating margin.