27 May, 2026

Elastic (ESTC) To Report Earnings Tomorrow: Here Is What To Expect

Search AI platform provider Elastic (NYSE:ESTC) will be reporting earnings this Thursday after market close. Here’s what to expect. Elastic beat analysts’ revenue expectations last quarter, reporting revenues of $449.9 million, up 17.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ annual recurring revenue estimates and an impressive beat of analysts’ EBITDA estimates. This quarter, the market is expecting Elastic’s revenue to grow 15% year on year, in line with the 16% increase it recorded in the same quarter last year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Elastic has a history of exceeding Wall Street’s expectations. Looking at Elastic’s peers in the data and analytics software segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Teradata delivered year-on-year revenue growth of 6.2%, beating analysts’ expectations by 3.4%, and Palantir Technologies reported revenues up 84.7%, topping estimates by 6.1%. Teradata’s stock price was unchanged after the resultswhile Palantir Technologies was down 6.9%. There has been positive sentiment among investors in the data and analytics software segment, with share prices up 10.1% on average over the last month. Elastic is up 14.9% during the same time and is heading into earnings with an average analyst price target of $77.74 (compared to the current share price of $54.97).