Elastic is trading at $98.16, up 17.25% in after-hours. This surge follows the company's report of $478.1 million in first-quarter fiscal 2027 revenue, a 15% year-over-year increase. Key highlights include: - Sales-led subscription revenue grew 18% to $398.5 million. - Non-GAAP operating margin reached 16.2%. - The earnings release was scheduled after the August 27 market close, making results and outlook the primary catalyst.