UiPath Reports Q2 Non-GAAP Earnings and Revenue Increase, Raises Revenue Outlook, and Sees Shares Rise After Hours.

UiPath reported Q2 non-GAAP earnings and revenue growth, raising its revenue outlook. The company's AI-powered automation software enables employees to build automations for various processes, including logging into applications, extracting information from documents, and filling in forms. UiPath's platform allows users to combine UI automations, API integrations, and AI-based document understanding in a single workflow.

UiPath (NYSE: PATH) reported its Q2 2026 financial results, with non-GAAP earnings per share of $0.15, exceeding the consensus estimate of $0.08. Revenue for the quarter increased 14% year over year to $362 million, surpassing the estimate of $347.34 million. Subscriptions revenue jumped 22% to $238.4 million [1].

The company's AI-powered automation software enables employees to build automations for various processes, including logging into applications, extracting information from documents, and filling in forms. UiPath's platform allows users to combine UI automations, API integrations, and AI-based document understanding in a single workflow [2].

Looking ahead, UiPath projects revenue ranging from $390 million to $395 million for the third quarter, and from $1.57 billion to $1.58 billion for the full fiscal year 2026. These projections surpass the market estimates of $385 million and $1.55 billion, respectively [1].

Daniel Dines, UiPath founder and CEO, stated, "We delivered a strong second quarter with ARR growing 11% year-over-year to $1.723 billion, reflecting the team’s improved execution and the growing momentum of our agentic capabilities" [1].

References:
[1] https://seekingalpha.com/news/4492459-uipath-edges-up-as-q2-results-boast-arr-surging-to-17b
[2] https://docs.uipath.com/integration-service/automation-cloud/latest/user-guide/introduction