NEW YORK, August 7, 2026, 05:08 EDT
- UiPath ended trading on Thursday at $14.00, marking a 29.2% rise from July 24. Before Friday’s market open, shares were at $14.13.
- Trading volume from Monday to Thursday totaled 268.3 million shares, representing 58.9% of outstanding Class A shares as of the end of April.
- The initial revenue estimate of $397.77 million is only $270,000 higher than the midpoint of the company’s forecast.
Shares of UiPath ended Thursday at $14.00 and advanced 0.9% in early premarket trade. Regular U.S. market trading was still closed at 05:08 EDT, with the NYSE set to open its main session at 09:30 EDT.
The stock climbed 29.2% since July 24. However, Thursday’s company disclosure was not accompanied by updated operating data. UiPath is set to report fiscal second-quarter earnings on September 3.
The key concern for investors is this gap. Price momentum has outpaced estimate momentum. UiPath is now tasked with justifying the rally through renewals, fresh contracts, and its guidance.
The strength of trading activity lends weight to the move, suggesting it is more than a minor rebound. Over the last four sessions, 268.3 million shares changed hands, equivalent to 58.9% of the Class A shares outstanding at the end of April. This comparison reflects the total shares traded, not the number of individual investors involved.
The past two weeks saw the rally gain speed:
| Date | Closing price | Daily move | Volume |
|---|---|---|---|
| July 24 | $10.84 | up 6.27% | 66.14 million |
| July 31 | $12.76 | up 3.15% | 39.87 million |
| August 3 | $13.05 | up 2.27% | 40.94 million |
| August 4 | $14.10 | up 8.05% | 61.99 million |
| August 5 | $13.82 | down 1.99% | 91.84 million |
| August 6 | $14.00 | up 1.30% | 73.53 million |
The shift was further propelled by increased interest in artificial-intelligence investments. U.S. indexes set all-time highs on Tuesday following robust earnings from AI-related firms. On Thursday, however, software stocks pressured the market. Despite this, UiPath gained 1.3%.
The valuation test is set for September 3. Management projected second-quarter revenue between $395 million and $400 million. A preliminary third-party figure of $397.77 million nearly matches the midpoint, differing by just 0.07%.
Outlook indicates a deceleration in revenue growth, offset by improved operating leverage:
| Metric | Q2 fiscal 2026 actual | Q2 fiscal 2027 guidance | Preliminary estimate | Implied annual change |
|---|---|---|---|---|
| Revenue | $362 million | $395 million-$400 million | $397.77 million | +9.1% to +10.5% |
| ARR | $1.723 billion | $1.929 billion-$1.934 billion | — | +12.0% to +12.2% |
| Net new ARR | $31 million | $28 million-$33 million, implied | — | -9.7% to +6.5% |
| Non-GAAP operating income | $62 million | Roughly $75 million | — | Approximately +21% |
| Non-GAAP operating margin | 17.2% | 18.8%-19.0% | — | Increase of 1.5 to 1.8 points |
| Non-GAAP diluted EPS | $0.15 | No guidance | $0.151 | Near +0.7% |
The company’s first quarter results underline the positive outlook. Revenue climbed 17%, while ARR was up 12%. Non-GAAP operating income totaled $92 million. Chief Executive Daniel Dines stated agentic products were “moving from pilot to production.” UiPath, Inc.
For the upcoming quarter, ARR guidance indicates net new ARR between $28 million and $33 million. This range includes the $31 million recorded in the prior-year period but falls short of the $49 million in net new ARR achieved in the first quarter.
Margins offer additional backing. The forecast for non-GAAP operating margin stands at nearly 19%, compared to 17.2% a year earlier. Chief Operating Officer and financial chief Ashim Gupta noted UiPath posted “first quarter GAAP profitability for the first time in company history.” UiPath, Inc.
Analysts are still wary. According to Google Finance’s three-month snapshot, there were two Buy recommendations, 12 Holds, and one Sell. The average price target was $13.27, which is 5.2% under Thursday’s closing price.
| Analyst and firm | Call date | Recommendation | Target | Implied move from $14 |
|---|---|---|---|---|
| Koji Ikeda, BofA Securities — Bank of America NYSE:BAC | July 22 | Sell | $13 | -7.1% |
| Radi Sultan, UBS Group NYSE:UBS | June 29 | Hold | $12 | -14.3% |
| Scott Berg, Needham & Company | June 12 | Buy | $15 | +7.1% |
| Raimo Lenschow, Barclays NYSE:BCS | June 1 | Hold | $14 | 0.0% |
| Sanjit Singh, Morgan Stanley NYSE:MS | May 29 | Hold | $15 | +7.1% |
Share repurchases may help cushion declines. UiPath acquired 20.4 million shares at an average price of $11.47 in its first quarter and purchased an additional 2.4 million shares at $9.63 through May 15. Thursday’s closing price was 22% higher than the first average and 45% above the second.
UiPath’s balance sheet continues to be strong. As of April 30, the company reported $1.416 billion in cash and marketable securities. Operating cash flow totaled $131.9 million for the quarter, while investing activities reflected a net payment of $149.4 million for acquisitions.
UiPath has not announced any investor events for next week. The company’s next planned update is its results call set for September 3 at 17:00 EDT. In the meantime, movements in sector sentiment and changes to estimates could influence the stock.
Risks: Continued strong retention, an increase in annual guidance, or more rapid agentic adoption could keep the rally going. Conversely, a revenue miss or soft net new ARR might reverse it. Premarket prices are also subject to change ahead of regular trading hours.
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