New York, June 9, 2026, 15:05 (EDT)
UiPath Inc. (PATH.N) slid about 5% to $10.63 Tuesday afternoon, with shares testing the bottom of the day’s range as investors pulled back from AI-exposed tech. The stock had dropped to $10.31 earlier. Volume cleared 41 million shares, market cap at around $5.6 billion.
Tech shares turned lower after a brief rebound, dragging down the S&P 500 and Nasdaq. The S&P 500 technology index and the Philadelphia semiconductor index dropped too. The move wasn’t just about UiPath, as selling showed up across the group. Michael O’Rourke of JonesTrading said there was “momentum unwind.” Reuters
UiPath finds itself in a tough spot. The company wants investors to see its core RPA business—robots that take care of digital tasks like data entry and system integration—as a launchpad for a wider enterprise AI platform, not just slow-growing software.
Software stocks traded lower. The Invesco QQQ Trust fell about 1.7%. Shares of Appian and Pegasystems, both smaller workflow and automation software rivals, also dropped.
UiPath (PATH) posted first-quarter fiscal 2027 revenue up 17% to $418 million, with ARR climbing 12% to $1.901 billion. CEO Daniel Dines said agentic products are shifting from “pilot to production.” COO and CFO Ashim Gupta noted UiPath hit GAAP profitability for the first time this quarter. UiPath, Inc.
UiPath, Inc. posted net income of $22.5 million, or 4 cents a share, for the period ended April 30, according to a June 4 filing. That’s up from a net loss of $22.6 million, or 4 cents a share, in the same period last year. Operating income totaled $28.0 million, flipping from an operating loss of $16.4 million last year.
Investors aren’t satisfied with just a profitable quarter—they want to know if AI can drive steady growth. On the call, Gupta described the quarter as “very clean” and said the difference between revenue and ARR growth was due to deal mix and timing. Dines said UiPath is “model agnostic;” customers can run any AI model on its platform. The Motley Fool
UiPath raised its fiscal 2027 outlook. The company now sees full-year revenue coming in between $1.776 billion and $1.781 billion, with ARR projected from $2.058 billion to $2.063 billion. It expects about $430 million in non-GAAP operating income, a profit measure that leaves out certain costs, according to .
But there’s a risk the AI push won’t turn fast into bigger, longer-term deals. UiPath notes risks on staying profitable, keeping its customers, tuning its platform to what customers want, getting AI and machine learning to work in its products, depending on outside cloud and language-model firms, and fending off other players both old and new.
The stock so far is moving more like a software play tangled in the latest AI slump than a name seeing a bump from earnings. Next, traders are watching to see if buyers step in near the session low, and if tech as a whole can find a floor before inflation numbers and other macro headlines push investors to pull back again.
