UiPath (PATH) Q2 2027 Earnings Report
MX:PATH Q2 2027 EPS Results
- Actual EPS
- MXN 2.79
- Consensus EPS
- MXN 2.76
- Beat/Miss
- Beat by +MXN 0.04
- One Year Ago EPS
- MXN 2.79
MX:PATH Q2 2027 Revenue Results
- Actual Revenue
- MXN 7.64B
- Expected Revenue
- MXN 7.41B
- Beat/Miss
- Beat by +MXN 232.61M
- YoY Revenue Growth
- +13.42%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 09/03/2026
- Time
- After Close
- Conference Call
- Thursday, September 3, 2026
UiPath's next earnings date is estimated for December 3, 2026, based on past reporting schedules.
Q2 2027 Earnings Call Audio
Q2 2027 Earnings Slide Deck
Q2 2027 Earnings Call Summary
The call was strongly positive overall. UiPath reported double-digit ARR and revenue growth, expanding operating margins, a fourth consecutive quarter of GAAP profitability, improving retention, major enterprise wins and growing AI-related demand. The principal negatives were FX headwinds, lower adjusted free cash flow due to tax-payment timing, attrition among the smallest customers and continued variability in the macroeconomic environment.
For the third fiscal quarter 2027, UiPath expects revenue in the range of $440 million to $445 million, including no incremental FX impact since the time of our last guide and a $10 million year-over-year FX headwind; ARR in the range of $1.992 billion to $1.997 billion, including a $1 million incremental FX headwind since the time of our last guide and a $4 million year-over-year FX headwind; non-GAAP operating income of approximately $100 million; and third quarter basic share count of approximately 523 million shares. For the fiscal full year 2027, it expects revenue in the range of $1.789 billion to $1.794 billion, including a $1 million incremental FX headwind since the time of our last guide and $20 million year-over-year FX headwind inclusive of $2 million headwind that was realized in the first half of the year and an expected headwind of $18 million in the second half of the year; ARR in the range of $2.065 billion to $2.070 billion, including a $1 million incremental FX headwind since the time of our last guide and a $5 million year-over-year FX tailwind inclusive of $10 million tailwind realized in the first half, partially offset by expected headwinds in the second half of the year; non-GAAP operating income of approximately $445 million; fiscal full year 2027 non-GAAP adjusted free cash flow of approximately $425 million; and non-GAAP gross margin of approximately 84%.
- Strong ARR and Revenue GrowthSecond-quarter ARR reached $1.938 billion, up 12% year-over-year, driven by $37 million of net new ARR. Revenue reached $410 million, up 13% year-over-year.
- Improved Profitability and Fourth Consecutive GAAP-Profitable QuarterNon-GAAP operating income increased to $89 million, representing a 22% margin and expanding by over 400 basis points year-over-year, driven by improved operational efficiency and disciplined execution. GAAP operating income was $32 million versus a $20 million GAAP operating loss in the prior-year quarter, marking the fourth consecutive quarter of GAAP profitability.
- Revenue Growth Excluding FX HeadwindsSecond-quarter revenue grew 16% when normalized for the approximately $8 million year-over-year FX headwind. The quarter also included an incremental $1 million FX headwind since the prior guidance.
- Cloud ARR and Enterprise Customer ExpansionCloud ARR, including hybrid and SaaS, reached approximately $1.3 billion, an increase of more than 19%. Customers with more than $30,000 in ARR increased 6% year-over-year, customers with $100,000 or more in ARR increased 10% to 2,666, and customers with $1 million or more in ARR increased 21% to 387.
- Strong Retention MetricsDollar-based gross retention remained 97%, while dollar-based net retention was 109%, a 2-point increase year-to-date. Adjusting for FX, dollar-based net retention was 108%, with management describing the trajectory as upward and stable.
- AI Included in Most Major DealsEighteen of UiPath's top 20 deals in the quarter included AI. Management stated that deals including AI are naturally much larger, and customers are expanding from individual automation use cases into broader end-to-end processes while consolidating automation and AI workloads onto UiPath.
- Platform Consolidation and Large Customer WinsCustomers are increasingly standardizing on UiPath to build, orchestrate, test and govern end-to-end processes. The company signed one of its largest new logos in company history, a top Canadian bank seeking a platform for agentic workflows, and cited a multimillion-dollar CIO-driven initiative at a Fortune 200 financial services firm.
- Large-Scale Customer DeploymentsA global insurance provider signed a 7-figure expansion covering IXP, Maestro agents and robots for beneficiary claims. A Fortune Global 500 manufacturer is automating roughly 700,000 invoices annually, with 96% document-processing accuracy in its proof of concept and an expected 50% reduction in both invoice handling time and support.
- Public-Sector and Financial-Services TractionThe Department of War expanded its UiPath partnership for its clean audit initiative, adding Autopilot, IDP solutions and test automation. A leading financial institution selected UiPath as its single platform for end-to-end processes, while a leading U.S. regional bank and one of Canada's largest financial services companies are consolidating their automation footprints onto UiPath.
- Coding Agents Showing Initial Productivity BenefitsInitial results from forward-deployed engineers and coding agents reduced effort by nearly 60%. UiPath is using coding agents across architecture, development, testing, code review and production deployment, and management said the technology could accelerate customer time to value.
- New Developer-Focused Workflow Automation ToolUiPath announced a developer-friendly workflow automation tool in public preview that supports coding agents such as Claude Code, Codex, Cursor and GitHub Copilot for orchestrating business processes and automating manual tasks through APIs and agents while maintaining enterprise governance.
- Expansion of Vertical and Outcome-Oriented SolutionsManagement reported increased demand for revenue cycle management, financial crimes, office of the CFO and loan-origination solutions. A leading U.S. health system selected UiPath's denials-resolution solution to automate medical-claim appeals and pursue claims that previously fell below the threshold for manual review.
- WorkFusion Integration and Pipeline ProgressThe WorkFusion integration is progressing in line with plan, and UiPath said customer response and the developing pipeline are encouraging. WorkFusion's purpose-built financial-crime and compliance agents extend UiPath's outcome-oriented offering in financial services.
- Expanded Testing PartnershipUiPath expanded its partnership with Cognizant, which will embed UiPath Test Cloud into its Testing as a Service and managed-services offerings and help customers move from manual script-based testing toward agentic testing.
- Improved Go-to-Market and Delivery ExecutionManagement reported improved sales execution, stronger coordination among product, sales, marketing, partners and services teams, and faster delivery turnaround before deal closure. The company is expanding use-case-based selling across its go-to-market organization.
- Positive Federal Pipeline and Use-Case DemandManagement described the federal business as doing an exceptional job and said the federal pipeline trajectory was very positive. Beyond software testing, the company cited increased demand for revenue cycle management, financial crimes, office of the CFO and loan origination.
- Leadership Depth and Planned Finance TransitionAshim Gupta is focusing exclusively on his Chief Operating Officer role, while Hitesh Ramani is succeeding him as Chief Financial Officer. Management characterized the transition as planned, logical and expected to provide significant continuity.
- Healthy Balance Sheet and Share RepurchasesUiPath ended the quarter with $1.4 billion in cash, cash equivalents and marketable securities and no debt. During the quarter, it repurchased 2.4 million shares at an average price of $9.63.
- Maintained Full-Year GuidanceFor fiscal year 2027, UiPath maintained revenue guidance of $1.789 billion to $1.794 billion, ARR guidance of $2.065 billion to $2.070 billion, non-GAAP operating income of approximately $445 million, adjusted free cash flow of approximately $425 million and non-GAAP gross margin of approximately 84%.
- Third-Quarter GuidanceFor fiscal third quarter 2027, the company expects revenue of $440 million to $445 million, ARR of $1.992 billion to $1.997 billion and non-GAAP operating income of approximately $100 million.
MX:PATH Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Dec 03, 2026 | 2027 (Q3) | 3.58- | 2.98 | ― | ― |
| Sep 03, 2026 | 2027 (Q2) | 2.762.79 | 2.79 | 0.00% (+0.00) | |
| May 28, 2026 | 2027 (Q1) | 2.962.79 | 2.05 | 36.36% (+0.74) | |
| Mar 11, 2026 | 2026 (Q4) | 4.775.59 | 4.84 | 15.38% (+0.74) | |
| Dec 03, 2025 | 2026 (Q3) | 2.742.98 | 2.05 | 45.45% (+0.93) | |
| Sep 04, 2025 | 2026 (Q2) | 1.582.79 | 0.74 | 275.00% (+2.05) | |
| May 29, 2025 | 2026 (Q1) | 1.902.05 | 2.42 | -15.38% (-0.37) | |
| Mar 12, 2025 | 2025 (Q4) | 3.714.84 | 4.1 | 18.18% (+0.74) | |
| Dec 05, 2024 | 2025 (Q3) | 1.362.05 | 2.23 | -8.33% (-0.19) | |
| Sep 05, 2024 | 2025 (Q2) | 0.610.74 | 1.68 | -55.56% (-0.93) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
