Elastic Q1 revenue and EPS beat estimates; lifts FY27 guidance

Elastic reported Q1 revenue of $478M (est. $470M) and adjusted EPS of $0.70 (est. $0.58). The company raised its full-year revenue guidance to $2.00B-$2.01B (est. $1.99B) and EPS to $3.29-$3.37 (est. $3.24). Q2 guidance also topped consensus. Elastic Cloud revenue grew 20% YoY. The company acquired Deductive AI and partnered with OpenAI. 70 clean stories shaped this window, with sentiment bullish at 61/100. Also in focus: Rubrik Q2 revenue and EPS beat estimates; lifts FY27 guidance.