NEW YORK, May 31, 2026, 10:06 (EDT)
- UiPath finished Friday at $11.72, gaining 1.21% for the session and 7.23% in the last five days. Shares are still off 28.49% for the year.
- UiPath, Inc. said first-quarter revenue came in at $418 million, a 17% increase. Annualized renewal run-rate hit $1.901 billion, up 12%.
- UiPath is scheduled to present at the William Blair Growth Stock Conference on June 2.
UiPath Inc. has a firmer setup going into Monday after shares finished higher Friday, helped by a revenue beat and new signs customers are pushing some AI automation out of test phase. The New York Stock Exchange stayed closed Sunday, with regular hours set for Monday to Friday, 9:30 a.m. to 4:00 p.m. EDT.
UiPath’s five-day rally stands out for a stock that’s still been hit hard. Shares are up for the week, but they’ve fallen 28.49% since Jan. 1. Investors are looking at the latest quarter and trying to figure out if this is a lasting change or just a relief move for a software name that still faces questions around AI disruption.
NYSE trading paused for the Memorial Day holiday on May 25, shortening last week. UiPath posted its fiscal Q1 numbers after Thursday’s close. Friday was the first chance for a full cash-market reaction.
UiPath, Inc. said revenue was up 17% to $418 million. Annualized renewal run-rate, or ARR, climbed 12% to $1.901 billion. This is a subscription figure tied to yearly recurring invoices and doesn’t predict revenue. Dollar-based net retention landed at 109%, showing spending among current customers increased from last year after accounting for churn and downgrades. The company reported GAAP operating income of $28 million. GAAP follows standard U.S. accounting rules.
Adjusted earnings per share landed at 15 cents, missing the 16-cent forecast from Investing.com. Revenue came in ahead of the $397.2 million estimate. After the report, RBC cited ongoing AI deal momentum and better retention, while BofA raised its price target to $13 from $12.
UiPath is projecting revenue of $395 million to $400 million for the second quarter. For fiscal 2027, the company sees revenue coming in between $1.776 billion and $1.781 billion, and it expects ARR of $2.058 billion to $2.063 billion.
UiPath founder and CEO Daniel Dines said the company’s agentic products, which are AI tools that handle tasks across software, are going from “pilot to production.” CFO Ashim Gupta pointed to “operational discipline” after UiPath posted first-quarter GAAP profitability, saying the quarter beat guidance. UiPath, Inc.
On the call, Gupta told TD Cowen’s Bryan Bergin that demand stayed stable, but said it was still “a new normal.” He pointed out AI is now a bigger part of top customer deals, saying 16 of the quarter’s top 20 deals involved AI, with more revenue tied to AI than just old automation demand. Investing.com
Competition in automation is heating up. UiPath’s latest annual filing says the field keeps getting more crowded as big enterprise vendors, AI startups, RPA players and integration firms all develop or buy automation tech. Users of UiPath Platform look at other options like Automation Anywhere’s Agentic Process Automation System and Microsoft’s Power Automate, according to Gartner Peer Insights.
Dines rejected the idea that AI agents will take over from UiPath’s older automation tools. On a call with RBC, he said UiPath is “model agnostic” and backed deterministic bots, saying they’re still needed for their reliability, audit trails and cost savings. Dines said these bots can cut implementation time “weeks to hours.” Investing.com
AI buzz hasn’t boosted ARR growth as much as some hoped. UiPath said in its annual filing rivals might outpace it with new generative and agentic AI, cloud providers could cut prices, and open-source options could weigh on sales. Gupta flagged weaker contributions from smaller customers and personal productivity cases, meaning some segments are lagging.
Stocks were higher Friday. U.S. indexes tracked by Investing.com showed the S&P 500 up 0.22%, Nasdaq up 0.20%, and Dow up 0.72%, which gave some support to software stocks going into the weekend.
UiPath management gets another shot at pitching investors this week. The company is set to speak at the William Blair 46th Annual Growth Stock Conference in Chicago on June 2. Investors will be looking for answers on the quality of AI deals, pilot conversion pace, and if Friday’s rally can stick after the break.
