After climbing 3.9% during regular trading hours, UiPath (PATH +3.92%) stock is ripping higher in after-hours trading. Investors are bidding shares of the robotics processing automation company higher as a result of its reporting strong third-quarter 2026 financial results this afternoon after the bell rang.
As of 5:22 p.m. ET, shares of UiPath are up 9.3% from their closing price of $14.86 at 4:00 p.m.
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A company first has investors enthusiastic this afternoon
Reporting Q3 2026 revenue of $411 million, UiPath achieved a 16% year-over-year increase on the top line and surpassed analysts' expectations that it would report sales of $392.9 million.
NYSE: PATH
Key Data Points
At the bottom of the income statement, investors found more cause for celebration. While analysts anticipated the company reporting adjusted earnings per share (EPS) of $0.15, UiPath posted adjusted EPS of $0.16, a 45% year-over-year increase.
Illustrating the strong demand for its automation solutions, UiPath also reported an annualized renewal run rate of $1.782 billion, an 11% year-over-year increase.
Lauding the company's performance, Ashim Gupta, UiPath's chief operating officer and chief financial officer, stated in the press release presenting the financial results, "We delivered solid third quarter results, exceeding guidance across the board and achieving our first GAAP profitable third quarter."
UiPath forecasts fourth-quarter 2026 revenue of $462 million to $467 million.
Is UiPath stock a buy now after it achieved a new high-water mark?
With the company posting strong financial results, it's unsurprising that the stock is jumping higher in after-hours trading. While many artificial intelligence (AI) stocks have soared this year, UiPath has only risen 17% from the start of the year through the end of today's regular market session. With doubts about the company's financial health seemingly ebbing, investors are bidding the stock higher this afternoon.
It's not too late to click the buy button on UiPath stock. Changing hands at 17.6 times operating cash flow, UiPath stock is valued at a discount to its five-year average cash flow multiple of 39.1.
