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That wraps up our initial coverage of UiPath’s Q2 results. Thank you for stopping by!
UiPath just reported earnings, with shares initially up 12% following the report. Here are the key numbers:
Quick Read:
UiPath beat revenue expectations by roughly 3% while adjusted EPS came in exactly in line with Wall Street estimates.
The 12% initial surge suggests investors like the top-line momentum, with revenue growing 13% year over year as Wall Street looks for evidence that UiPath’s agentic AI strategy is accelerating growth.
With UiPath (NYSE:PATH) reporting after the close, here is what to listen for on the 5:00 PM ET call.
| Date | Insider | Title | Transaction | Shares | Price |
|---|---|---|---|---|---|
| 2026-08-19 | Daniel Dines | CEO & Chairman | Sell | 1,402,347 | $16.07 |
| 2026-08-14 | Hitesh Ramani | Chief Accounting Officer | Sell | 25,000 | $16.75 |
| 2026-08-13 | Hitesh Ramani | Chief Accounting Officer | Sell | 25,000 | $16.50 |
| 2026-07-01 | Ashim Gupta | COO & CFO | Sell | 30,526 | $10.87 |
| 2026-07-01 | Raghavendra Malpani | CPO & CTO | Sell | 25,837 | $10.87 |
Insider activity at UiPath (NYSE:PATH) over the past 90 days skewed decisively toward selling.
The only acquisitions were six identical 19,175-share director grants on June 25 at $0.00, reflecting equity awards rather than open-market conviction. Dashboard data confirms net insider direction is selling.
With shares up 37.85% in a month, executives leaned into strength rather than adding exposure ahead of tonight’s earnings report, a caution flag against the setup.
UiPath is expected to report fiscal Q2 2027 earnings at 4:10 PM ET, with Wall Street looking for evidence that its agentic AI push is translating into stronger recurring revenue growth.
Management has guided for revenue of $395-$400 million and ARR between roughly $1.929-$1.934 billion. Investors will also be watching net new ARR, with a figure above roughly $49 million providing another signal that growth is accelerating.
The stakes are high after UiPath shares soared around 40% over the past month. A higher full-year ARR outlook could validate the rally and strengthen the case that UiPath is evolving from a traditional automation vendor into a broader enterprise AI orchestration platform.
A guidance cut would tell a very different story and could put much of the stock’s recent rally at risk.
Live coverage has ended. The full story is below.
UiPath (NYSE:PATH | PATH Price Prediction) is expected to report Q2 FY2027 results after the bell at 4:10 PM ET. Shares enter the report tonight at about $18.52, up around 65.05% over the past year on rising evidence that agentic AI is moving from pilot to production.
Q1 FY27 delivered revenue of $418.38M, up 17.3% YoY, beating consensus by 5.26%, while adjusted EPS of $0.15 came in 5.48% shy of estimates. ARR grew 12% YoY to $1.901B on $49M of net new ARR, and dollar-based net retention ticked up to 109% from 107%.
Non-GAAP operating margin expanded to 22% from 20%, and stock-based compensation dropped to $53.3M from $76.4M. Management raised the FY27 non-GAAP operating income target to ~$430M and repurchased $243.8M of Class A stock. With PATH up over 40% in the past month, the setup rewards execution and punishes any ARR softness.
| Metric | Q2 FY27 Estimate | YoY Change | FY2027 Estimate | FY2028 Estimate |
|---|---|---|---|---|
| Revenue | $397.85M | +14.5% | $1.778B | $1.928B |
| EPS (Normalized) | $0.1474 | +76.7% | $0.7828 | $0.9066 |
FY27 revenue growth is modeled near 10.4%, a step down from FY26’s 12.65%. FY28 revenue growth of 8.4% pairs with EPS growth of 15.8%, consistent with continued margin leverage. The Q2 EPS consensus has held flat at $0.1474 across the last 60 days, with 10 upward revisions in the past week.
Tonight, I’ll be watching the ARR results against the $1.929B-$1.934B guide. Net new ARR needs to hold or exceed $49M to keep the stabilization-to-reacceleration thesis intact. On revenue mix, 16 of the top 20 Q1 deals included AI, and AI-inclusive expansions ran six times larger than those without. It would be great to see that continue to expand.
Analysts will also focus on dollar-based net retention. It moved 108% to 107% to 107% to 109% across the last four quarters. A result above 109% validates the reacceleration narrative CEO Daniel Dines flagged on the last call.
Non-GAAP operating margin was 22% in Q1 and 31% in Q4 FY26. Guidance implies compression this quarter, so investors will focus on whether spend on coding agents, Test Cloud, and forward-deployed engineering is moving progress toward the 30% long-term target.
Also on the list: traction for UiPath for Coding Agents, the Deloitte Agentic ERP alliance, and Maestro Case orchestration momentum. Guidance credibility is the tiebreaker after Q4 FY26’s cautious FY27 outlook sent shares -8.16% the next day.
| Quarter | EPS Surprise | 1-Day Move | 7-Day Move | 30-Day Move |
|---|---|---|---|---|
| Q1 FY27 | -5.48% | +1.21% | +0.78% | -6.13% |
| Q4 FY26 | +17.74% | -8.16% | +0.57% | -18.26% |
| Q3 FY26 | +9.59% | +24.36% | +25.77% | +16.62% |
| Q2 FY26 | +79.86% | +5.90% | +7.74% | +33.82% |
On average, shares moved 8.88% seven days after earnings over the past year.
Contact [email protected] for any questions or corrections.
Thomas Richmond is a financial writer and content strategist with 5+ years of experience covering stocks and financial markets. He has published over 500 articles focused on individual stock analysis, helping investors better understand business fundamentals, stock valuations, and long-term opportunities.
Thomas previously served as a Content Lead at TIKR, a stock research platform, where he helped scale the company’s blog to hundreds of articles per month and contributed to a weekly newsletter reaching more than 100,000 investors.
Outside of work, Thomas enjoys weight lifting and soccer.
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