UiPath reported fiscal second-quarter revenue of $410.26 million, up 13% year over year and above consensus estimates cited at $397.8 million and $397.95 million, while adjusted earnings of $0.15 per share matched forecasts. Annual recurring revenue rose 12% to $1.938 billion, dollar-based net retention held at 109%, and AI products were included in 18 of the company’s 20 largest deals. UiPath raised its fiscal 2027 revenue outlook to $1.789 billion to $1.794 billion from $1.776 billion to $1.781 billion and forecast roughly $445 million of adjusted operating income. Gross margin fell to 80% from 82% a year earlier, helping drive investor concern after PATH surged more than 46% in August. Shares fell as much as 8.63% to $16.67 in Friday premarket trading after closing at $18.22, and later Friday coverage showed the stock down 17.07% at $15.11. The company also reorganized its leadership team, appointing Hitesh Ramani as chief financial officer and assigning Ashim Gupta to focus solely on his chief operating officer role. Analysts raised several price targets but remained divided over valuation, growth acceleration and AI monetization ahead of UiPath’s September 22 investor day.