UiPath (PATH) Tops Q1 Revenue Estimates at $418.4M, Posts First GAAP Profit; Shares Slip

UiPath Inc. (NYSE:PATH) reported first-quarter revenue of $418.4 million on May 29, 2026, a 17.3% year-over-year jump that surpassed Wall Street expectations, and the automation software firm recorded its inaugural GAAP profitable quarter. The stock fell 5.5% to $11.06 following the announcement. CEO Daniel Dines said 16 of the top 20 deals included AI components, with AI-linked contracts “significantly larger” than those without. Non-GAAP earnings per share of $0.15 matched analyst consensus. For the current quarter ending July 31, 2026, UiPath projected revenue of about $397.5 million, in line with estimates. Management raised the full-year outlook but noted a “measured and prudent” approach due to macroeconomic variability and currency headwinds, and maintained a focus on expense discipline while prioritizing growth.