UiPath beats revenue targets, stock drops 7%

UiPath posted strong second-quarter results, with revenue rising 13% to $410 million, beating analyst expectations of $397.8 million. Earnings matched Wall Street targets at 15 cents per share, and net income surged to $36.1 million from just $1.6 million a year earlier. The company also raised its full-year revenue outlook. Despite the solid results, shares fell more than 7% after-hours following an initial 10% pop. Investor concerns persist over AI disrupting UiPath's core robotic process automation business, though the company is pushing into AI agents and agentic automation to stay competitive.