Elastic (ESTC) Beats Q2 Estimates, Raises Guidance Amid Stock Drop
Elastic N.V. (NYSE:ESTC) shares fell more than 12% intra-day on Friday, November 21, 2025. This occurred despite the company reporting fiscal second-quarter 2026 results that surpassed analyst expectations. Investors focused on concerns about the firm's longer-term growth trajectory.
The search AI company reported adjusted earnings of $0.64 per share. This beat the consensus estimate of $0.58. Revenue rose 16% year over year to $423 million. This exceeded expectations of $418.23 million. Elastic Cloud revenue, a key growth component, increased 22% year over year. It reached $206 million.
Management described the quarter as outstanding. The company raised its full-year fiscal 2026 revenue outlook. The new guidance is $1.715 billion to $1.721 billion. This is an increase of $18 million from prior expectations. For the third quarter, Elastic projects revenue between $437 million and $439 million. This is above the $429.9 million consensus. Adjusted earnings per share are projected at $0.63 to $0.65. This is ahead of analyst expectations of $0.60.
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