UiPath (PATH) Q3 2026 Earnings
How Did PATH Stock React to Q3 2026 Earnings?
S&P 500 over the same 30 days: +1.16%.
Did PATH Beat Earnings? Q3 2026 Results
Yes. UiPath reported Q3 2026 earnings of $0.16 a share on Dec 3, 2025, beating the $0.15 consensus estimate by 9.6%. Revenue was $411.1M against a $392.9M estimate.
UiPath posted a broad beat in its fiscal third quarter 2026, with revenue climbing 15.9% year-over-year to $411.11 million against a consensus estimate of $392.87 million, while non-GAAP earnings per share of $0.16 topped the $0.15 estimate by 9.59%, as enterprises accelerated spending on AI and automation platforms. The most material driver of the quarter was a sharp profitability swing, with GAAP operating income reaching $13.07 million compared to a loss of $43.36 million a year ago, and non-GAAP operating income nearly doubling to $87.78 million from $49.72 million, pushing non-GAAP operating margin to 21% from 14%. Annual recurring revenue grew 11% year-over-year to $1.78 billion, supported by a dollar-based net retention rate of 107%. Shares moved higher following the report, reflecting investor confidence in the company's deepening partnerships with Microsoft, OpenAI, Google, NVIDIA, and Snowflake. Looking ahead, management guided Q4 revenue of $462 million to $467 million and non-GAAP operating income of approximately $140 million, signaling continued margin expansion into the fiscal year-end close.
- 16% year-over-year revenue growth driven by subscription services expansion
- ARR of $1.782 billion up 11% year-over-year with net new ARR of $59 million
- Dollar-based net retention rate of 107%
- GAAP operating margin swung to positive 3% from negative 12% year-over-year
- Non-GAAP operating margin expanded to 21% from 14% year-over-year
- Enterprise adoption of agentic automation and unified platform approach
“I am pleased with our third quarter results delivering ARR of $1.782 billion, up 11 percent year-over-year, a testament to the team's focus, consistent execution, and the momentum we're seeing as customers scale agentic automation across the enterprise.”
UiPath CEO, on the earnings call
What Was UiPath's Outlook in Q3 2026?
For Q4 fiscal 2026, UiPath expects revenue of $462 million to $467 million, ARR of $1.844 billion to $1.849 billion as of January 31, 2026, and non-GAAP operating income of approximately $140 million. Management expressed confidence in momentum heading into the fiscal year-end close, citing strengthened operating rhythm and execution.
PATH YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $411.1M | $354.7M | +15.9% |
| Gross Profit | $342.3M | $290.9M | +17.7% |
| Operating Income | $13.1M | $5.7M | +130.1% |
| Net Income | $198.8M | $9.6M | +1,966.2% |
PATH Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.