UiPath (PATH) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and UiPath published the results on September 3, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. UiPath reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• UiPath's fiscal year ends January 31, so Q2 fiscal 2027 is the three months ended July 31, 2026. UiPath reports in thousands; figures here are in millions.
• UiPath acquired WorkFusion, a maker of AI agents for financial crimes compliance, on February 5, 2026 for total purchase consideration of $189.5 million, so the quarter includes WorkFusion and the year-ago quarter does not.

Source: UiPath Q2 fiscal 2027 results, September 3, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How UiPath splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• UiPath's Licenses revenue was $124 million in Q2 fiscal 2027, up 10% from $112 million in Q2 fiscal 2026, 30% of total revenue.
• UiPath's Subscription services revenue was $266 million in Q2 fiscal 2027, up 12% from $238 million in Q2 fiscal 2026, 65% of total revenue.
• UiPath's Professional services and other revenue was $20.3 million in Q2 fiscal 2027, up 82% from $11.2 million in Q2 fiscal 2026, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first three lines are UiPath's outlook for Q3 fiscal 2027; the last is for the full year fiscal 2027, which ends January 31, 2027.

In its Q2 fiscal 2027 release, UiPath said:

“Revenue in the range of $440 million to $445 million”

“ARR in the range of $1.992 billion to $1.997 billion as of October 31, 2026”

“Non-GAAP operating income of approximately $100 million”

“Revenue in the range of $1.789 billion to $1.794 billion”

Source: UiPath Q2 FY27 release, Sep 3, 2026.

This is the company's own guidance as of Sep 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the PATH forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

Total revenue and GAAP diluted net income (loss) per share, each as first reported in that quarter's release. UiPath's fiscal year ends January 31.

UiPath's next report is scheduled for December 3, 2026. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Sep 3, 2026

UiPath sells automation software in three revenue lines. In Q2 fiscal 2027 subscription services brought in $266.1 million, up 12%, licenses $123.8 million, up 10%, and professional services and other $20.3 million, up 82%, for total revenue of $410.3 million, up 13%. Subscription services, which include maintenance and support and SaaS, are recognized ratably over the subscription term. (UiPath Q2 FY27 release, Sep 3, 2026; UiPath Form 10-Q, Q2 FY27, Sep 8, 2026)

UiPath's revenue rose $48.5 million in the quarter: $27.7 million from subscription services, $11.7 million from licenses and $9.1 million from professional services and other. UiPath attributed 28% of the growth to new customers and 72% to existing customers. Its 387 customers with ARR of $1 million or more, up from 320, accounted for 50% of revenue, and its 2,666 customers with ARR of $100 thousand or more accounted for 88%. (UiPath Form 10-Q, Q2 FY27, Sep 8, 2026)

UiPath sells worldwide. The Americas contributed $205.0 million, or 50% of revenue, Europe, Middle East, and Africa $136.1 million (33%) and Asia-Pacific $69.1 million (17%). Revenue from the U.S. was 44% of the total, down from 47% a year earlier. (UiPath Form 10-Q, Q2 FY27, Sep 8, 2026)

UiPath's gross margin fell to 80% from 82% because a smaller share of revenue came from higher-margin licenses and because cost of professional services rose, including a $12.0 million increase in costs for third-party subcontractors. Remaining performance obligations were $1,377.6 million at July 31, 2026, of which UiPath expects to recognize 65% over the next 12 months. (UiPath Form 10-Q, Q2 FY27, Sep 8, 2026)

UiPath earned GAAP net income of $36.1 million, or $0.07 per diluted share, in Q2 fiscal 2027, against $1.6 million, or $0.00, a year earlier. Non-GAAP net income was $80.9 million, or $0.15 per diluted share, the same per-share figure as a year earlier. GAAP operating income was $31.6 million, against a loss of $20.2 million. (UiPath Q2 FY27 release, Sep 3, 2026)

UiPath's non-GAAP figures exclude stock-based compensation, which fell to $45.0 million from $78.0 million, amortization of acquired intangibles ($6.0 million), restructuring costs ($5.0 million), employer payroll tax on equity transactions and the change in fair value of contingent consideration, less $12.7 million of tax adjustments on those add-backs. The provision for income taxes was $16.8 million, an effective tax rate of 31.7%, which UiPath said differed from the U.S. statutory rate mainly because of U.S. tax on foreign earnings. (UiPath Q2 FY27 release, Sep 3, 2026; UiPath Form 10-Q, Q2 FY27, Sep 8, 2026)

UiPath's diluted share count fell to 523,013 thousand from 542,865 thousand a year earlier. In the first six months of fiscal 2027 UiPath repurchased 22.8 million Class A shares at an average price of $11.28, spending $268.5 million on repurchases. (UiPath Q2 FY27 release, Sep 3, 2026; UiPath Form 10-Q, Q2 FY27, Sep 8, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

UiPath gives a quarterly and full-year outlook in its release. For Q3 fiscal 2027 it guided revenue of $440 million to $445 million, ARR of $1.992 billion to $1.997 billion at October 31, 2026, and non-GAAP operating income of approximately $100 million. For full year fiscal 2027 it guided revenue of $1.789 billion to $1.794 billion, ARR of $2.065 billion to $2.070 billion and non-GAAP operating income of approximately $445 million. (UiPath Q2 FY27 release, Sep 3, 2026)

UiPath says it typically signs a higher percentage of license agreements with new customers and renewals in the second half of its fiscal year, which ends January 31. It does not reconcile its non-GAAP operating income outlook to GAAP, citing the variability of stock-based compensation. (UiPath Form 10-Q, Q2 FY27, Sep 8, 2026; UiPath Q2 FY27 release, Sep 3, 2026)

A consensus figure is the average of the models published by the analysts who cover UiPath, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones UiPath's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning PATH is on is PATH a buy or a sell?, what analysts expect next is on the PATH forecast, and what the company does is on the UiPath (PATH) stock page.

Every number on this page can be traced to a document UiPath published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.