Companies /Technology

UiPath Inc - Class A

NYSE: PATH Software - Infrastructure
$13.37
▼ $0.22 (−1.62%) today
Markets open · 1:41pm ET

Q2 2027 Earnings

Reported Sep 3, 2026, 4:23pm ET · SEC source
$0.15
Beat +1.76%
EPS · est. $0.15 Adjusted
$410.3M
Beat +3.12%
Revenue · est. $397.8M
1 quarter
Consecutive EPS beats

Market Reaction

% change · around the report
−21%−14%−7%0Sep 3Sep 4report 4:23pm ETearnings−0.4%−20.0%
−21%−14%−7%0Sep 3Sep 4earnings−0.4%−20.0%
PATH −20.0%S&P 500 −0.4%
−21%−14%−7%0Sep 3Sep 4report 4:23pm ETearnings+0.1%−20.0%
−21%−14%−7%0Sep 3Sep 4earnings+0.1%−20.0%
PATH −20.0%NASDAQ +0.1%
−20%−10%0+10%Sep 2Sep 11report 4:23pm ETearnings−1.0%−19.9%
−20%−10%0+10%Sep 2Sep 11earnings−1.0%−19.9%
PATH −19.9%S&P 500 −1.0%
−20%−10%0+10%Sep 2Sep 11report 4:23pm ETearnings−0.3%−19.9%
−20%−10%0+10%Sep 2Sep 11earnings−0.3%−19.9%
PATH −19.9%NASDAQ −0.3%
−16.63%
Day of report
−7.77%
Next session
−3.49%
One week

Did PATH Beat Earnings? Q2 2027 Results

UiPath delivered a clean beat across the board in its fiscal second quarter of 2027, with revenue of $410.26 million growing 13.4% year over year and clearing the $397.85 million consensus estimate by 3.12%, while adjusted EPS of $0.15 topped the $0.15 consensus by 1.76%. The results were powered by a meaningful swing in profitability, as the company posted GAAP operating income of $31.60 million compared to a loss of $20.18 million a year ago, driven by lower stock-based compensation and reduced R&D spending. Non-GAAP operating income climbed to $89.03 million at a 22% margin, up from 17% a year prior, reflecting the kind of operating leverage that has fueled <a href="https://247wallst.com/investing/2026/09/03/live-can-uipaths-q2-earnings-tonight-extend-its-40-rally-in-just-one-month/">UiPath's recent momentum</a>. Annual recurring revenue reached $1.94 billion, up 12% year over year, with a dollar-based net retention rate of 109%. Looking ahead, UiPath guided Q3 revenue of $440 to $445 million and full-year revenue of $1.79 to $1.79 billion, with approximately $445 million in full-year non-GAAP operating income.

Key Takeaways
  • 13% year-over-year revenue growth driven by subscription services expansion
  • ARR growth of 12% year-over-year to $1.938 billion
  • Dollar-based net retention rate of 109%
  • Non-GAAP operating margin expanded to 22% from 17% year-over-year
  • Significant reduction in stock-based compensation expense ($44.962M vs $78.006M YoY)
  • R&D expenses decreased to $83.4M from $98.3M year-over-year

“I am pleased with our second quarter results, demonstrating disciplined execution and the growing momentum across our platform. AI is expanding what enterprises can automate, while increasing the need for the orchestration, governance, and exactness that deterministic automation provides. Our ability to bring AI agents, robots, systems, and people together to execute end-to-end business processes positions UiPath at the center of this opportunity. We have spent the past two years transforming our platform and strengthening our execution, and I am excited about the opportunity ahead.”

UiPath CEO, on the earnings call

Forward Guidance & Outlook

For Q3 FY27, UiPath expects revenue of $440–$445 million, ARR of $1.992–$1.997 billion as of October 31, 2026, and non-GAAP operating income of approximately $100 million. For full-year FY27, the company expects revenue of $1.789–$1.794 billion, ARR of $2.065–$2.070 billion as of January 31, 2027, and non-GAAP operating income of approximately $445 million.

PATH YoY Financials

Q2 2027 vs Q2 2026 · SEC filings Q2 2026 Q2 2027
$0$200.0M$400.0M$361.7M$410.3MRevenue$297.3M$329.7MGross Profit$8.9M$31.6MOperating Income$1.6M$36.1MNet Income
$0$200.0M$400.0MRevenueGross ProfitOperating IncomeNet Income

PATH Revenue by Segment

Subscription Services$266.1M+11.6%
Licenses$123.8M+10.4%
Professional Services and Other$20.3M+81.6%

Figures from SEC filings and company reports. Not investment advice.