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FORM ____________________________________________________________________________________________________________________10-Q ________________________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended July 31, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________________________________ ...

Elastic (ESTC) Q1 2026 Earnings Call August 28, 2025 05:00 PM ET Company ParticipantsEric Prengel - Global VP - FinanceAshutosh Kulkarni - CEO & Executive DirectorNavam Welihinda - CFORaimo Lenschow - Managing DirectorSanjit Singh - Executive DirectorKash Rangan - Managing DirectorBrian Essex - Executive DirectorBrent Thill - MD & Tech Sector Leader - Software & Internet ResearchConference Call ParticipantsMatthew Hedberg - Software AnalystGeorge McGreehan - Equity Research AnalystRob Owens - MD & Senior Re ...

Financial Data and Key Metrics Changes - The company reported total revenue of $415 million for Q1 2026, representing a 20% year-over-year growth and an 18% growth on a constant currency basis [27] - Sales-led subscription revenue, excluding monthly Elastic Cloud, was $339 million, growing 22% as reported and 20% on a constant currency basis [27] - Non-GAAP operating margin was 16%, with a gross margin of 79% [32] Business Line Data and Key Metrics Changes - Subscription revenue growth was driven by both cloud and self-managed offerings, with strong performance across all solution areas [28] - The company ended the quarter with over 1,550 customers spending more than $100,000 annually, indicating strong enterprise adoption [7] - The number of Elastic Cloud customers using Gen AI use cases exceeded 2,200, with over 330 customers spending $100,000 or more annually [12] Market Data and Key Metrics Changes - In the U.S. Public sector, signs of stabilization were noted, with a strategic agreement signed with the U.S. General Services Administration [9] - The company reported strong customer commitments and competitive success in the security segment, with one-third of new and expansion deals coming from competitive displacements [28][51] Company Strategy and Development Direction - The company is focused on leveraging its Search AI platform to drive growth in Gen AI and platform consolidation across various industries [23] - The strategic alignment of the sales team towards expanding enterprise accounts and high-potential mid-market customers is proving effective [10] - The introduction of new capabilities, such as the Elastic AI SOC engine (EASE), aims to enhance threat detection and drive further adoption [28][60] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strong execution and market position, despite operating in a complex macro environment [34] - The company raised its fiscal 2026 revenue guidance, reflecting better-than-expected macro conditions and strong demand for its solutions [34] - Management highlighted the importance of search relevance and context in the AI era, positioning the company as a leader in data retrieval and context engineering [15][101] Other Important Information - The company achieved an adjusted free cash flow margin of 28% in Q1, with expectations to maintain and expand this margin over time [33] - The current remaining performance obligations (CRPO) grew 18% year-over-year, reaching approximately $956 million [30] Q&A Session Summary Question: Customer spend uplift related to AI usage - Management noted that as customers utilize AI applications, workloads tend to be more compute-intensive, leading to increased overall consumption [42] Question: Impact of price increases on guidance - The price increase implemented in May is expected to provide a year-over-year benefit, but the majority of growth is attributed to performance rather than price [46] Question: Growth mix across business segments - Management indicated strong performance across all solution areas, with Gen AI driving growth in search, security, and observability [50] Question: Predictability of the business model - Management expressed confidence in the predictability of sales-led subscription growth, noting strong execution and consistency in performance [52] Question: Competitive displacements in security - Management highlighted a growing trend of customers recognizing security as a data problem, leading to increased migrations to the company's platform [58] Question: Federal business stabilization - Management confirmed stabilization in the U.S. Public sector, with expectations for continued execution and alignment with customer needs [90][94]

Corporate Overview and Q1FY26 Financial Results August 28, 2025 Forward Looking Statements; Use of Non-GAAP Measures This presentation and the accompanying oral presentation contain forward-looking statements that involve substantial risks and uncertainties, which include, but are not limited to, statements regarding our expected financial results for the fiscal quarter ending October 31, 2025 and fiscal year ending April 30, 2026, our strategic areas of focus, expectations and plans regarding our future gr ...

Exhibit 99.1 Elastic Reports First Quarter Fiscal 2026 Financial Results First Quarter Fiscal 2026 Key Metrics and Recent Business Highlights Key Customer Metrics Product Innovations and Updates • Total revenue was $415 million, an increase of 20% year-over-year, or 18% on a constant currency basis • Total subscription revenue was $389 million, an increase of 20% year-over-year, or 19% on a constant currency basis • Sales-led subscription revenue (calculated as subscription revenue excluding monthly Elastic ...

Core Insights - The upcoming earnings report from Elastic (ESTC) is projected to show quarterly earnings of $0.42 per share, reflecting a 20% increase year-over-year, with revenues expected to reach $396.89 million, a 14.2% increase from the previous year [1] Group 1: Earnings Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating analysts' reassessment of their projections [1] - Prior to earnings announcements, revisions to earnings estimates are crucial as they significantly influence investor actions regarding the stock [2] Group 2: Revenue Projections - The consensus estimate for 'Revenue- Services' is $25.24 million, indicating a 6.7% increase from the year-ago quarter [4] - Analysts expect 'Revenue- Subscription' to reach $371.59 million, reflecting a 14.8% increase year-over-year [4] - The estimate for 'Revenue- Subscription- Elastic Cloud' is projected at $189.97 million, suggesting a 20.8% increase from the previous year [4] - 'Revenue- Subscription- Other subscription' is anticipated to be $181.93 million, indicating a 9.3% increase from the prior-year quarter [5] Group 3: Stock Performance - Over the past month, shares of Elastic have decreased by 10.9%, contrasting with the Zacks S&P 500 composite's increase of 2.7% [5] - Currently, ESTC holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [5]

智通财经APP注意到，投行韦德布什证券将CrowdStrike(CRWD.US)、Roblox(RBLX.US)、GE Vernova(GEV.US)和Nebius(NBIS.US)纳入其IVES AI 30榜单。 新增入选IVES AI 30的企业 CrowdStrike(CRWD.US)：分析师指出，随着数据保护模块和Charlotte AI产品的持续渗透，这家网络安 全公司在核心业务领域通过模块化扩展，正日益展现出把握AI革命机遇的战略优势。 Roblox(RBLX.US)：分析师认为，该平台为开发者构建了极具吸引力的激励体系，其AI驱动的发现机制 正推动平台用户增长，未来几个季度的变现能力有望持续增强。 GE Vernova(GEV.US)：Ives团队表示，在超大规模数据中心建设浪潮推动电气化需求激增的背景下，该 公司在电网管理解决方案领域的布局具有战略价值。 Nebius(NBIS.US)：该公司的AI基础设施业务需求持续强劲，未来数年计划扩大数据中心规模。分析师 特别指出，其服务需求仍远超现有供给能力。 与此同时，该机构分析师移除了CyberArk(CYBR.US)、C3.ai(AI.US)、A ...

华尔街知名投行Wedbush将CrowdStrike(CRWD.US)、Roblox(RBLX.US)、GE Vernova(GEV.US)和 Nebius(NBIS.US)纳入其"IVES AI30"名单，同时将CyberArk(CYBR.US)、C3.ai(AI.US)、 Adobe(ADBE.US)和Elastic(ESTC.US)从该名单中移除。 "IVES AI30"名单涵盖以以Daniel Ives为首的Wedbush分析师精选出的30家将"在未来数年定义人工智能 (AI)发展格局"的科技企业。今年5月，Wedbush发布的"IVES AI30"名单中包括苹果(AAPL.US)、英伟达 (NVDA.US)等美国企业，以及阿里巴巴(BABA.US)、百度(BIDU.US)等中国公司。 纳入"IVES AI30"名单的公司： (1)CyberArk——分析师因Palo Alto Networks(PANW.US)计划以250亿美元收购CyberArk而将后者移出名 单，原因是Palo Alto已在该名单中。 (2)C3.ai——分析师因近期销售组织重组的消息而将C3.ai移出名单，再加上该公司首席执行 ...

Core Viewpoint - Elastic (NYSE: ESTC) is positioned between "Hold" and "Buy" with an expected revenue growth of 14% for FY'25 and an estimated fair value around $95, indicating potential upside from its current price of approximately $76.4 [1] Group 1: Company Analysis - The company is expected to achieve a revenue growth of 14% for FY'25, reflecting strong operational performance [1] - Elastic's margins are increasing, which is a positive indicator for profitability and financial health [1] - The estimated base-case fair value of the stock is around $95, suggesting a potential appreciation from its current trading price [1] Group 2: Investment Strategy - The investment approach combines fundamental analysis with options strategies, allowing for a diversified investment methodology [1] - Various strategies are employed, including income-oriented investments, growth at a reasonable price, deep value based on discounted cash flow, and dividend aristocrats [1] - The investment style includes 20-25 options strategies for purposes such as hedging, bullish substitutes, neutral trades, trading volatility, and earnings-related trades [1]