Data analytics company Elastic beats Q2 revenue estimates, raises FY guidance

Elastic

20/11/2025 21:16

Overview

Elastic fiscal Q2 revenue grows 16% yr/yr, beating analysts' expectations

Adjusted EPS and adjusted operating income beat consensus

Company announces $500 mln share repurchase program

Outlook

Elastic raises full-year revenue guidance by $18 mln

Company expects Q3 revenue between $437 mln and $439 mln

Elastic forecasts fiscal 2026 revenue between $1.715 bln and $1.721 bln

Result Drivers

AI IMPACT - CEO Ash Kulkarni attributes robust growth to AI positively impacting all areas of business

SUBSCRIPTION REVENUE - Total subscription revenue increased 17% yr/yr, driven by strong customer commitments

ELASTIC CLOUD GROWTH - Elastic Cloud revenue rose 22% yr/yr, highlighting strong demand for cloud services

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$423.48 mln
$415.80 mln (26 Analysts)
Q2 Adjusted EPS
Beat
$0.64
$0.57 (27 Analysts)
Q2 Adjusted Operating Income
Beat
$70 mln
$67 mln (25 Analysts)
Q2 Adjusted Operating Margin
16.50%
Q2 Operating Income
-$8 mln
Q2 Operating Margin
-2.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 9 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the software peer group is "buy"

Wall Street's median 12-month price target for Elastic NV is $120.00, about 26.4% above its November 19 closing price of $88.28

The stock recently traded at 35 times the next 12-month earnings vs. a P/E of 35 three months ago

Press Release: ID:nBw5R4dBna

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)