UiPath（PATH）Q2 FY2027财报前瞻：Seeking Alpha汇总市场预期与分析师分歧，无新增催化

UiPath ( PATH ) stock is one day away from reporting its second-quarter fiscal 2027 results on September 3 after the U.S. market close. Wall Street expects non-GAAP EPS of $0.15 on revenue of $397.85M, putting revenue near the high end of the company’s $395M-$400M guidance. The key focus will be whether the UiPath company can sustain the momentum seen in the first quarter . Revenue rose 17% YoY to $418.38M, while ARR increased 12% to $1.901B and dollar-based net retention reached 109%. It also posted its first-ever quarterly GAAP operating profit of $27.99M. Management has pointed to early signs of re-acceleration, including an 18% YoY increase in customers generating more than $1M in ARR. For the second quarter, management expects ARR of $1.929B-$1.934B and non-GAAP operating income of about $75M. Investors will watch whether agentic AI adoption can accelerate growth without putting pressure on margins, particularly as competition from Microsoft ( MSFT ), OpenAI ( OPENAI ), and other AI players remains a concern. SA analyst Investing Smart rates UiPath stock as "Hold," citing competitive pressure, a slower full-year growth outlook, and short interest of roughly one-third of the public float, creating the potential for significant volatility around earnings. In contrast, another SA analyst, Danil Sereda , has a “buy rating” and expects the company to beat second-quarter revenue and $1.93B ARR guidance, pointing to its cash position, profitability, and agentic AI opportunity. The stock traded near $18.15 and has gained nearly 40% over the past month, although it is up only about 1% over the past week. Year-to-date, it has returned 12.08%, slightly ahead of the S&P 500's ( SP500 ) 11.48% gain. The company has also beaten EPS and revenue estimates in 7 of the last 8 quarters, with just one miss. So, ultimately the second quarter report will come down to more than just revenue and EPS. The main areas to watch will be ARR growth, net retention, agentic AI adoption, and management’s full-year outlook, as investors look for signs that UiPath can turn its AI transition into sustained, durable growth.