UiPath posts first profitable quarter. Here's why it thinks orchestration is the missing piece

There's a lot of speculation right now about whether enterprise AI investments are actually delivering returns. Against the backdrop of the constantly-referenced MIT survey, UiPath just posted its first GAAP profitable third quarter – and says it is on track to be GAAP profitable for the full fiscal year for the first time. For a company that has spent the past year in turnaround mode under returning co-founder and CEO Daniel Dines, that's a meaningful milestone.

The numbers for Q3 fiscal 2026: revenue of $411 million, up 16% year-on-year (14% normalizing for currency). Annual Recurring Revenue (ARR) reached $1.78 billion, up 11%, with net new ARR of $59 million. Non-GAAP operating income hit $88 million, a 21% margin. The company beat guidance across the board.

The orchestration play

Not every problem needs an AI agent, and a lot of enterprises are figuring that out the hard way. The ...