UiPath

UiPath (PATH) Q2 2026 Earnings

Reported Sep 4, 2025 at 4:13 PM ET · SEC Source

Q2 26 EPS

$0.15

BEAT +79.86%

Est. $0.08

Q2 26 Revenue

$361.7M

BEAT +4.14%

Est. $347.3M

vs S&P Since Q2 26

-20.8%

TRAILING MARKET

PATH -6.3% vs S&P +14.5%

Market Reaction

Did PATH Beat Earnings? Q2 2026 Results

UiPath delivered a standout second quarter for fiscal 2026, posting non-GAAP diluted EPS of $0.15 against a consensus estimate of $0.08, a beat of nearly 80%, while revenue of $361.73 million topped expectations by 4.14% and grew 14.4% year over year… Read more UiPath delivered a standout second quarter for fiscal 2026, posting non-GAAP diluted EPS of $0.15 against a consensus estimate of $0.08, a beat of nearly 80%, while revenue of $361.73 million topped expectations by 4.14% and grew 14.4% year over year. The results had analysts watching closely heading into the print, and UiPath largely answered the call. The clearest driver behind the outperformance was a dramatic improvement in operational efficiency, particularly in sales and marketing spending, which fell to $166.30 million from $194.33 million a year ago, helping push non-GAAP operating income to $62.29 million compared to just $6.45 million in the prior-year period. GAAP net income came in at $1.58 million, compared to a loss of $86.10 million a year ago, underscoring how meaningfully the cost structure has shifted. ARR reached $1.72 billion, up 11% year over year, and the company raised its full-year revenue outlook to a range of $1.57 billion to $1.58 billion, with Q3 guidance of $390 million to $395 million signaling continued confidence in its agentic automation momentum.

Key Takeaways

  • ARR growth of 11% year-over-year to $1.723 billion
  • Dollar-based net retention rate of 108%
  • Improved operational efficiency with non-GAAP operating margin expanding to 17% from 2%
  • Subscription services revenue growth from $194.7 million to $238.4 million year-over-year
  • Significant reduction in sales and marketing expenses
24/7 Wall St

PATH YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

PATH Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 26 Q1 27

“We delivered a strong second quarter with ARR growing 11% year-over-year to $1.723 billion, reflecting the team's improved execution and the growing momentum of our agentic capabilities.”

— Daniel Dines, Q2 2026 Earnings Press Release