UiPath reported QQ1 2026 revenue of approximately $357 million and ARR of $1.693 billion, up 12% year over year, underscoring continued momentum in its end-to-end automation platform even as the macro environment remains variable. The quarter highlighted meaningful progress in monetizing the Agentic automation strategy, driven by the Maestro orchestration layer, AgentBuilder, and a new consumption-based pricing SKU. While GAAP operating loss narrowed to $16 million from $49 million a year ago, non-GAAP operating income reached $70 million (20% margin), marking a 450 basis-point improvement versus the prior year. Management characterized 2026 as a foundational year for Agentic adoption, with limited near-term revenue contribution but meaningful upside as customers pilot, adopt, and scale Agentic solutions in 2027 and beyond.
UiPath also showcased product and ecosystem momentum: a large install base across 10,000+ customers, a strong retention profile (gross retention 97%, net retention 108%), and a robust ARR expansion driven by net new ARR of $27 million in Q1. Strategic partnerships and product innovations â including Google Cloud collaboration for healthcare record summarization, Microsoft Copilot Studio interoperability, and the PEAK vertical solution integration â position UiPath to broaden its addressable market and accelerate enterprise-wide automation. The company maintained FY2026 guidance, reflecting a conservative view on near-term revenue from Agentic while emphasizing future growth leverage and operating efficiency. Investors should monitor Agentic adoption progress, GTM execution, and macro dynamics (public sector procurement, FX passthrough, and deal mix) as meaningful drivers of H2 performance and beyond.