UiPath (NYSE: PATH) shares surged 10.43% in after-hours trading on Thursday following the release of its impressive first-quarter fiscal 2026 financial results. The robotic process automation leader significantly outperformed analyst expectations, demonstrating strong growth and improved profitability.

For the quarter ending April 30, 2025, UiPath reported revenue of $357 million, marking a 6% increase year-over-year and handily beating the consensus estimate of $332.9 million. The company's earnings per share came in at $0.11, surpassing analyst projections of $0.10. Notably, UiPath's Annualized Recurring Revenue (ARR) grew by 12% year-over-year, reaching $1.693 billion.

UiPath's CEO expressed satisfaction with the quarter's performance, highlighting the ARR growth and strong financial metrics. The company's adjusted gross margin improved to 84%, while adjusted operating income reached $70 million, significantly exceeding the expected $44.7 million. These results underscore UiPath's ability to drive growth while maintaining profitability in the competitive automation market. Looking ahead, UiPath provided optimistic guidance for the second quarter, projecting revenue between $345 million and $350 million, further fueling investor confidence in the company's growth trajectory.