Elastic reported October-quarter revenue of $423.5m, up 15.9% year-over-year and beating the Zacks consensus by 1.3%, and GAAP EPS of $0.64 beat the $0.58 consensus by ~10.3%. Subscription revenue drove the beat at $397.7m (+16.7% YoY) with Elastic Cloud up 21.8% to $205.7m and strength across both annual ($156.9m) and monthly ($48.8m) cloud contracts, while professional services lagged slightly at $25.8m versus estimates. The results underscore continued demand for Elastic’s cloud offerings and recurring revenue expansion, though near-term upside may be moderated by services softness and the stock carries a Zacks Hold ranking.
Elastic reported revenue of $423.48 million for the quarter ended October 2025, up 15.9% year‑over‑year and 1.28% above the Zacks consensus of $418.13 million; GAAP EPS of $0.64 beat the $0.58 consensus by 10.34%, indicating a modest overall upside to estimates. The beat was concentrated in recurring revenue: total subscription revenue was $397.7 million (+16.7% YoY), with Elastic Cloud at $205.65 million (+21.8% YoY) and both annual ($156.87 million) and monthly ($48.78 million) cloud components narrowly ahead of analyst estimates. Other subscription revenue was $192.05 million (+11.7% YoY) while professional services lagged at $25.78 million versus a $26.03 million estimate and grew only 5% YoY, highlighting softness in non‑recurring services. Shares have outperformed recently (+2.6% over the past month versus the Zacks S&P 500 composite at -0.3%) but the company carries a Zacks Rank #3 (Hold), implying limited near‑term upside absent stronger guidance or accelerating subscription traction.
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moderately positive
Sentiment Score
0.35
Ticker Sentiment
