Q2 2026 UiPath Inc Earnings Call Transcript
Key Points
- UiPath Inc (PATH) exceeded the high end of its guidance across all key financial metrics for the second quarter.
- Second-quarter ARR grew 11% to $1.723 billion, driven by $31 million in net new ARR.
- The company reported a 14% increase in second-quarter revenue, reaching $362 million.
- Non-GAAP operating income increased to $62 million, representing a 17% margin and an improvement of more than 1,500 basis points year over year.
- UiPath Inc (PATH) continues to see strong momentum in its AI and Agentic solutions, which are helping to win deals and increase deal sizes faster than traditional automation engagements.
- Despite the positive results, the adoption of Agentic capabilities is still in its early phases and not expected to materially contribute to the top line in fiscal 2026.
- The macroeconomic environment remains variable, impacting customer buying behavior and creating uncertainty.
- Existing customer ARR growth has been down year over year, indicating challenges in expanding within the current customer base.
- The company continues to face competition in the market, particularly in the orchestration and agentic automation space.
- There is a need for better predictability in pricing for the Agentic portfolio, as customers are trying to understand how to make a business case for it.
Greetings, and welcome to the UiPath second-quarter 2026 earnings conference call. (Operator Instructions) Please note, this conference is being recorded.
I will now turn the conference over to your host, Allise Furlani, Vice President of Investor Relations. Thank you. You may begin.
Good afternoon, and thank you for joining us today to review UiPath's second-quarter fiscal 2026 financial results, which we announced in our earnings press release issued after the close of the market today. On the call with me are Daniel Dines, Founder and Chief Executive Officer; and Ashim Gupta, Chief Operating and Financial Officer, to deliver our prepared comments and answer questions.
Our earnings release and financial supplemental materials are posted on the UiPath Investor Relations website. These materials include GAAP to non-GAAP reconciliations. We will be discussing non-GAAP metrics on today's call.
This afternoon's call includes forward-looking statements regarding our
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