UiPath (PATH) Stock Drops 18% Despite Q2 Revenue Beat and Raised Guidance
TLDR
- UiPath reported Q2 revenue of $410 million, beating estimates of $397.8 million, with EPS of $0.15 meeting expectations
- The stock initially jumped 10% after results but reversed sharply, falling over 18% in Friday trading
- Full-year fiscal 2027 revenue guidance raised to $1.789B-$1.794B, up from prior range
- Annual recurring revenue grew 12% year-over-year to $1.938 billion; net revenue retention held at 109%
- Analyst price targets were raised by Mizuho ($14), Wells Fargo ($15), and TD Cowen ($16), though Canaccord downgraded to Hold on valuation concerns
UiPath (PATH) stock was trading at $16.63 in Fridayโs premarket, down around 8.7%, after swinging as much as 10% higher right after earnings dropped Wednesday evening.
The automation software company posted Q2 revenue of $410 million, up 13% year-over-year and 16% excluding foreign exchange effects. That came in roughly $12 million above the Wall Street consensus of $397.8 million.
Earnings per share came in at $0.15 on a non-GAAP basis, matching analyst estimates exactly.
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