Earnings preview

UiPath, Inc. UiPath, Inc. · 2027 Q2

ReportsSep 3, 2026
SlotAfter Market Close

Results are out

This quarter has reported. The consensus below is what we expected going in.

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What the Street expects

EPS · NON-GAAP
$0.15
Feeds $0.1482 to $0.15 per share
QoQ-1.2%
YoY-1.2%
Revenue
$397.85M
Guided $395-400M
QoQ-4.9%
YoY+10.0%

QoQ and YoY are what the consensus implies against the prior quarter and the prior year.

Also on the card
Consensus source Street non-GAAP $0.15 on $397.85M (2 Sep 2026); MarketBeat $0.1482 on $397.77M, the figure the moves above use
Company guidance Q2 revenue $395-400M, ARR $1.929-1.934B at 31 July 2026, non-GAAP operating income ~$75M (28 May 2026)
FY2027 guidance Revenue $1,776-1,781M, ARR $2.058-2.063B at 31 January 2027, non-GAAP operating income ~$430M
Basis Non-GAAP diluted EPS; GAAP was $0.04 in Q1 FY2027 and $0.00 a year ago
Prior quarter Non-GAAP EPS $0.15, revenue $418.4M, ARR $1.901B (+12%), net new ARR $49M, net retention 109%
Year-ago quarter Non-GAAP EPS $0.15, revenue $361.7M, ARR $1.723B (+11%), net new ARR $31M, net retention 108%

2027 Q2 reported results

What to watch

  1. Net new ARR against the guided $28–33 million, and against $31 million in the July quarter a year ago. The single most informative number in the release.
  2. Total ARR against the guided $1.929–1.934 billion, and the full-year $2.058–2.063 billion. A raise to the year would say the flat second half is conservatism.
  3. Dollar-based net retention against 109%, and customers with ARR of $1 million or more against 374 and their 52% share of revenue. Two quarters of improvement; a third makes it a trend.
  4. Revenue against $395–400 million and the full-year $1,776–1,781 million, with the implied second half at about +7.9%.
  5. Non-GAAP operating income against the guided ~$75 million, and the full-year ~$430 million — the year guide needs about $263 million from the last two quarters.

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Estimate against reported

$0.43$0.17-$0.102025 Q3 reported -$0.022025 Q32025 Q4 reported $0.092025 Q42026 Q1 reported -$0.042026 Q12026 Q2 reported $0.002026 Q22026 Q3 reported $0.372026 Q32026 Q4 reported $0.192026 Q42027 Q1 reported $0.042027 Q12027 Q2 estimate $0.152027 Q2 reported $0.152027 Q2
Our published estimate Reported EPS
QuarterEstimateReportedSurprise
2025 Q3 -$0.02
2025 Q4 $0.09
2026 Q1 -$0.04
2026 Q2 $0.00
2026 Q3 $0.37
2026 Q4 $0.19
2027 Q1 $0.04
2027 Q2 $0.15 $0.15 +0%

Estimates are the consensus we published on our own preview for that quarter; quarters we did not preview carry the reported figure only. Where a consensus was set on a non-GAAP basis, the reported column shows that same measure.

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Read the full preview → 2027 Q2 release page View PATH stock page