UiPath shares fell 16.4% in afternoon trading after the automation software company reported second-quarter CY2026 results that missed high expectations for AI-linked companies. Revenue rose 13.4% year over year to $410.3 million, beating Wall Street estimates of $397.9 million, while adjusted earnings per share of $0.15 met consensus. However, billings came in at $375.5 million, slightly missing expectations, and management cited longer customer decision-making cycles as enterprises evaluate AI-driven automation. CEO Daniel Dines noted that 18 of the top 20 deals in the quarter included AI, but new CFO Hitesh Ramani said the company is taking a prudent approach to guidance due to macroeconomic variability and shifts in customer adoption. UiPath is down 4.8% year to date and trades 21.6% below its 52-week high.
Uipath IncMixed Q2 results with billings miss and cautious guidance due to macroeconomic variability and shifts in customer adoption.
