UiPath Q1 Non-GAAP EPS Down, Revenue Up; Q2 2026 Revenue Outlook Set

UiPath's Q1 non-GAAP EPS declined, but revenue rose. The company set its Q2 and 2026 revenue outlook. UiPath is a software company focused on enterprise automation and AI, offering a platform for automating processes and developing computer vision technology. Its platform allows users to design and combine UI automations, API integrations, and AI-based document understanding in a single workflow.

UiPath Inc. (NYSE: PATH) reported its first-quarter earnings, with shares surging 10% following the release. The company's adjusted earnings per share (EPS) of $0.11 exceeded analyst expectations of $0.10 [1]. Revenue for the quarter was $356.62 million, significantly above the consensus estimate of $332.83 million and up 6% year-over-year (YoY) [1].

UiPath's annual recurring revenue (ARR) reached $1.693 billion, marking a 12% YoY increase, driven by improved execution and meaningful return on investment for customers using its automation platform [1]. The company's dollar-based net retention rate stood at 108%, reflecting strong customer loyalty.

Daniel Dines, UiPath Founder and Chief Executive Officer, expressed satisfaction with the results, highlighting the ARR growth and the meaningful ROI realized by customers [1].

Looking ahead, UiPath provided upbeat guidance for the second quarter, expecting revenue between $345 million and $350 million, well above the consensus of $331.8 million. For the full fiscal year 2026, the company projects revenue of $1.549 billion to $1.554 billion, surpassing analyst expectations of $1.523 billion [1].

The strong performance is attributed to the launch of UiPath's next-generation platform for agentic automation, which unifies AI agents, robots, and people on a single intelligent system. Additionally, the company introduced UiPath Test Cloud, leveraging AI to enhance software testing efficiency [1].

UiPath's cash position remains robust, with $1.59 billion in cash, cash equivalents, and marketable securities as of April 30, 2025. The company generated $119 million in cash flow from operations and $117 million in non-GAAP adjusted free cash flow during the quarter [1].

References:
[1] https://www.investing.com/news/earnings/uipath-shares-surge-as-aidriven-automation-boosts-earnings-outlook-4071389