UiPath Inc. (PATH) experienced a significant after-hours plunge of 5.44% on Thursday, following the release of its first-quarter fiscal 2027 financial results.
The automation software company reported quarterly adjusted earnings per share of $0.15, which missed the analyst consensus estimate of $0.16. However, quarterly revenue came in at $418.38 million, surpassing the $397.81 million estimate. This mixed performance, with a notable earnings miss despite a revenue beat, appears to be the primary driver behind the stock's sharp decline in extended trading.
While the company highlighted a 12% year-over-year increase in Annual Recurring Revenue (ARR) to $1.901 billion and a strong non-GAAP operating income of $92 million, the earnings shortfall weighed on investor sentiment during the after-hours session.