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Jul 31
UiPath Q2 2026 Earnings Report
UiPath reported second quarter results with positive net income and strong revenue growth.
Key Takeaways
UiPath exceeded guidance across key financial metrics in Q2 FY26, achieving positive net income, strong ARR growth, and operational momentum fueled by customer adoption of agentic automation.
Revenue reached $361,728,000, up from $316,253,000 in the same quarter last year.
Net income turned positive at $1,584,000 compared to a loss of $86,097,000 last year.
ARR grew to $1,723,000,000, driven by stronger customer execution.
Non-GAAP operating income reached $62,293,000, signaling improved efficiency.
UiPath
UiPath
UiPath Revenue by Segment
Revenue by Segment
Licenses Revenue
CapyFin.comSubscription Services Revenue
CapyFin.comProfessional Services Revenue
CapyFin.com Forward Guidance
UiPath expects continued growth in revenue and ARR for Q3 and full year FY26, with rising non-GAAP operating income projections.
Positive Outlook
- Q3 FY26 revenue expected between $390M–$395M.
- Q3 FY26 ARR expected between $1.771B–$1.776B.
- Full-year FY26 revenue forecasted between $1.571B–$1.576B.
- Full-year FY26 ARR projected between $1.834B–$1.839B.
- Non-GAAP operating income guidance for FY26 is $340M.
Challenges Ahead
- GAAP operating income not projected due to stock-based compensation variability.
- Full-year deferred revenue declined compared to January.
- Costs related to restructuring and stock repurchases impacted cash position.
- Q2 net income was marginal despite strong revenue growth.
- High stock-based compensation continues to affect GAAP profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income