New York, May 27, 2026, 15:04 EDT
UiPath shares slipped a little Wednesday afternoon, with most investors staying out ahead of the automation software firm’s fiscal Q1 report due after Thursday’s close. Shares last changed hands at $11.055, off 3.5 cents, after swinging between $10.95 and $11.46. Trading volume was near 30.9 million shares.
The timing is key. For the last year, UiPath has pushed to prove that demand for “agentic” automation — software using AI agents that can plan steps and start tasks across systems — can drive growth past the older robotic process automation, where bots just do digital grunt work.
UiPath is set to release its quarterly results for the period ended April 30 after the bell on May 28. The earnings call is scheduled for 5 p.m. ET. According to the investor site, Chief Operating Officer and Chief Financial Officer Ashim Gupta will be at the William Blair growth conference in Chicago on June 2 for a fireside chat. Investors will get another look then at how management talks about demand after results are out.
UiPath is projecting revenue for the quarter between $395 million and $400 million. The company sees annual recurring revenue at $1.894 billion to $1.899 billion. Non-GAAP operating income should come in around $80 million, based on forecasts. Non-GAAP results exclude stock-based pay and some other expenses.
Wall Street’s revenue forecast sits near the middle of the guidance. Investing.com has UiPath’s next earnings report set for May 28, projecting revenue of $397.20 million. For the March quarter, Investing.com data shows UiPath brought in $481 million, beating a $464.88 million estimate, though EPS fell short.
There wasn’t much shelter in the wider market. The Invesco QQQ Trust, which tracks big Nasdaq tech names, slipped 0.09%. The SPDR S&P 500 ETF ticked up 0.04% in the afternoon.
UiPath posted 14% higher fourth-quarter revenue at $481 million and said ARR rose 11% to $1.853 billion. Full-year fiscal 2026 revenue moved up 13% to $1.611 billion. The board signed off on a new $500 million buyback after wrapping up its $1 billion program.
Chief Executive Daniel Dines said at the time that enterprise AI adoption was shifting “from experimentation to scaled deployment.” He said customers want a platform that can handle complex processes with “reliability, governance, and scale.” Gupta said UiPath hit full-year GAAP profitability for the first time. Operating discipline was leading to “more consistent execution,” according to Gupta. UiPath, Inc.
UiPath says competition is tough. In its most recent annual filing, the company said more software firms and startups are going after automation using AI agents. UiPath listed enterprise platform vendors, AI model firms, AI startups, robotic process automation companies and test automation groups as its rivals.
UiPath is up against bigger software players that also have AI-agent products. Salesforce says its Agentforce tool helps customers make autonomous agents for both employees and customers. ServiceNow says its AI Agents automate IT, HR, CRM and other workflows.
Thursday’s report could come in with solid growth, but not stronger growth. UiPath has said bundled automation from bigger firms, cheap rivals and quick shifts in generative and agent AI might hit demand if customers think other platforms do enough. In its filing, UiPath also mentioned pricing pressure and warned some rivals might move quicker on new tech.
PATH trades like investors want more evidence. The focus in the next move probably shifts from just hitting the revenue range to management’s ability to show ARR is gaining, customer accounts are growing and AI-agent adoption can make up for heavy competition.
