UiPath (PATH) Q1 2027 Earnings
Reported May 28, 2026 at 4:14 PM ET · SEC Source
Q1 27 EPS
$0.15
MISS 5.48%
Est. $0.16
Q1 27 Revenue
$418.4M
BEAT +5.26%
Est. $397.5M
vs S&P Since Q1 27
-1.3%
TRAILING MARKET
PATH -3.4% vs S&P -2.0%
Market Reaction
Did PATH Beat Earnings? Q1 2027 Results
UiPath posted a mixed first quarter of fiscal 2027, delivering a clear revenue beat while falling just short on earnings per share, as the automation software company navigated a period of accelerating AI-driven demand. Revenue climbed 17.3% year-ove… Read more UiPath posted a mixed first quarter of fiscal 2027, delivering a clear revenue beat while falling just short on earnings per share, as the automation software company navigated a period of accelerating AI-driven demand. Revenue climbed 17.3% year-over-year to $418.38 million, ahead of the $397.48 million consensus estimate by 5.26%, though adjusted EPS of $0.15 came in slightly below the $0.16 expectation, a miss of 5.48%. The headline story, however, was a sharp swing to GAAP profitability, with net income reaching $22.52 million compared to a net loss of $22.55 million a year earlier, driven by a meaningful reduction in stock-based compensation to $53.31 million from $76.36 million. Annual recurring revenue grew 12% to $1.90 billion, with the company's agentic AI products progressing from pilots to production deployments. Analysts have held a cautious Hold consensus heading into the print, but UiPath's forward guidance, projecting full-year revenue of $1.78 billion and non-GAAP operating income of roughly $430 million, signals confidence in sustained momentum.
Key Takeaways
- • ARR grew 12% year-over-year to $1.901 billion
- • Net new ARR of $49 million
- • Dollar-based net retention rate of 109%
- • Subscription services revenue grew 16% year-over-year
- • GAAP operating margin improved to 7% from -5% year-over-year
- • Non-GAAP operating margin expanded to 22% from 20%
- • Stock-based compensation expense declined significantly to $53.3 million from $76.4 million
PATH Forward Guidance & Outlook
For Q2 FY2027, UiPath expects revenue of $395 million to $400 million, ARR of $1.929 billion to $1.934 billion as of July 31, 2026, and non-GAAP operating income of approximately $75 million. For full year FY2027, the company expects revenue of $1.776 billion to $1.781 billion, ARR of $2.058 billion to $2.063 billion as of January 31, 2027, and non-GAAP operating income of approximately $430 million.
PATH YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
PATH Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered a strong start to the fiscal year, with ARR growing 12 percent year-over-year to $1.901 billion.”
— Daniel Dines, Q1 2027 Earnings Press Release
PATH Earnings Trends
PATH vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
PATH EPS Trend
Earnings per share: estimate vs actual
PATH Revenue Trend
Quarterly revenue: estimate vs actual
PATH Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 MISS | $0.16 | $0.15 | -5.48% | $418.4M | +5.26% |
| Q4 26 BEAT FY | $0.25 | $0.30 | +17.74% | $481.1M | +3.51% |
| FY Full Year | — | $0.72 | — | $1.61B | — |
| Q3 26 BEAT | $0.15 | $0.16 | +9.59% | $411.1M | +4.64% |
| Q2 26 BEAT | $0.08 | $0.15 | +79.86% | $361.7M | +4.14% |