UiPath, Inc. (PATH) Q2 FY2027 earnings

Reported results

• Revenue of $410 million increased 13 percent year-over-year
• ARR of $1.938 billion as of July 31, 2026 increased 12 percent year-over-year
• GAAP operating income of $32 million and non-GAAP operating income of $89 million
• GAAP gross margin was 80 percent and non-GAAP gross margin was 82 percent
• Dollar based net retention rate of 109 percent
• Net new ARR of $37 million

Guidance

• Q3 FY2027 revenue in the range of $440 million to $445 million
• Q3 FY2027 ARR in the range of $1.992 billion to $1.997 billion as of October 31, 2026
• Q3 FY2027 non-GAAP operating income of approximately $100 million
• Full year FY2027 revenue in the range of $1.789 billion to $1.794 billion
• Full year FY2027 ARR in the range of $2.065 billion to $2.070 billion as of January 31, 2027
• Full year FY2027 non-GAAP operating income of approximately $445 million

Notes

The company notes that reconciliation of non-GAAP operating income guidance to GAAP is not available due to high variability and low visibility of stock-based compensation expense affected by unpredictable stock price fluctuations. Leadership changes announced: Ashim Gupta remains COO; Hitesh Ramani promoted to CFO; Brad Brubaker named Chief Legal & Administrative Officer.

Price and volatility reaction

The stock moved -16.6% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -32.3 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.