UiPath reported its first quarter fiscal 2026 earnings with revenue of $357 million, marking a 6% year-over-year increase and surpassing estimates of $332.8 million. The company posted a non-GAAP net income of $60 million and an adjusted earnings per share of $0.11, slightly above the expected $0.10. Annual recurring revenue (ARR) rose 12% to $1.693 billion, with net new ARR at $27 million and a dollar-based net retention rate of 108%. Free cash flow reached $117 million, and the company executed $227 million in share buybacks during the quarter. UiPath provided guidance for the second quarter with revenue expected between $345 million and $350 million and ARR projected between $1.715 billion and $1.720 billion. For the full fiscal year, revenue guidance stands at $1.549 billion to $1.554 billion, with ARR forecasted between $1.82 billion and $1.825 billion. The company attributed its strong performance to agentic AI, which resonated well with customers, and improved cost structure, including a reduction in sales and marketing expenses by approximately $20 million. UiPath's CEO, Daniel Dines, highlighted these factors as key drivers behind the earnings beat and improved operational efficiency.