UiPath (PATH) Q2 FY2027 Earnings Overview: $410M Revenue Beat Triggers a 16.63% Price Selloff

UiPath's Q2 FY2027 results beat revenue expectations ($410M vs. ~$398M) and showed stronger profitability, including a 22% non-GAAP operating margin and positive GAAP operating income. However, the stock sold off 16.63% as investors focused on weaker sequential net-new ARR ($37M vs. $49M), steady but modest 109% retention, and added execution uncertainty from leadership changes. Near-term sentiment is driven by concerns over growth reacceleration despite higher guidance.