# UiPath customers with arr of at least $1m in Q2

customers with arr of at least $1m in Q2 2027

Updated: August 8, 2026

Category: Financials

Tags: Companies, KPIs

HTML: /markets/financials/companies/uipath-customers-with-arr-of-at-least-1m-in-q2/

## Short Answer

**Key takeaway.** Both the **model** and the **market** expect UiPath to have Above 370 customers with ARR of at least **$1m** in Q2 2027, with no compelling evidence of mispricing.

## Key Claims (January 2026)

**- - The customer count is likely at or below 370 in Q2 FY2027.** - Macroeconomic headwinds, including foreign exchange, are slowing customer additions.
- Automation Anywhere has shown stronger growth in large enterprise customers than UiPath.

### Why This Matters (GEO)

- AI agents extract claims, not arguments.
- Improves citation probability in summaries and answer cards.
- Enables fact stitching across multiple sources.

## Executive Verdict

**Key takeaway.** **Model** sees **0.7%** **probability** vs 0c **market** (+0.7pp gap), balancing UiPath's AI gains and enterprise growth challenges.

### Who Wins and Why

| Outcome | Market | Model | Why |
| --- | --- | --- | --- |
| Above 370 | 0.0% | 0.7% | UiPath's AI advancements and platform expansion support enterprise growth and additions to its >$1M ARR customer base. |
| Above 380 | 0.0% | 0.5% | UiPath's AI advancements and platform expansion support enterprise growth and additions to its >$1M ARR customer base. |
| Above 390 | 0.0% | 0.4% | UiPath's AI advancements and platform expansion support enterprise growth and additions to its >$1M ARR customer base. |

## Model vs Market

| Outcome | Market Probability | Octagon Model Probability |
| --- | --- | --- |
| Above 370 | 0.0% | 0.7% |
| Above 380 | 0.0% | 0.5% |
| Above 390 | 0.0% | 0.4% |
| Above 400 | 0.0% | 0.3% |
| Above 410 | 0.0% | 0.2% |

- Expiration: January 1, 2027

## Market Behavior & Price Dynamics

This market's price has been static since inception, holding at a 94.0% probability for a YES resolution. There have been no significant price movements, spikes, or drops. The chart indicates a completely sideways trend, with the opening price and current price being identical.

The high and stable price is directly informed by UiPath's financial reporting. The market asks if the company will have at least 370 customers with an ARR of $1 million or more in Q2 FY27. In the preceding quarter, Q1 FY27, UiPath reported it already had 374 customers in this category. This figure surpasses the threshold for the market's resolution, making a YES outcome highly probable, barring an unexpected and significant drop in large customer accounts in a single quarter. The market price reflects this near-certainty based on available data.

Total trading volume is zero. This lack of activity suggests extreme market conviction in the current pricing. Traders see little to no opportunity for profit, as the outcome is perceived as largely pre-determined by the Q1 results. The absence of trading volume means no support or resistance levels have been established. Overall, the chart indicates a strong and unwavering market sentiment that UiPath will meet the customer metric, with the price acting as a reflection of established company data rather than speculative future performance.

## Contract Snapshot

This market resolves "Yes" if UiPath reports more than 390 customers with an Annual Recurring Revenue (ARR) of at least $1 million for Q2, and "No" if the number is 390 or fewer. The market concludes on September 3, 4:00 PM EDT, with a maximum payout date of December 31, 2026. No special settlement conditions beyond UiPath's direct reporting of the customer count are specified.

## Market Discussion

UiPath reported 374 customers with at least $1 million in ARR as of April 30, 2026, which concluded the first quarter of fiscal year 2027 [[^]](https://www.tipranks.com/stocks/path/earnings/q1-2027-report)[[^]](https://ts2.tech/en/uipath-rises-14-eyes-31-million-arr-challenge/). This specific customer concentration metric is a key performance indicator actively monitored by prediction markets and investors for fiscal year 2027, with market commentary emphasizing its role as a primary risk and valuation driver for UiPath [[^]](https://www.tipranks.com/stocks/path/earnings/q1-2027-report)[[^]](https://kalshi.com/markets/kxpatha/uipath-annual-kpi/kxpatha-27marcust1m)[[^]](https://www.tradingkey.com/analysis/stocks/us-stocks/262003418-uipath-price-forecast-path-gaap-profit-ai-deals-tradingkey)[[^]](https://lf0.com/research/uipath-stock-analysis-path/).

## Market Data

| Contract | Yes Bid | Yes Ask | Last Price | Volume | Open Interest |
| --- | --- | --- | --- | --- | --- |
| Above 370 | 94% | 99% | 0% | $0 | $0 |
| Above 380 | 74% | 82% | 0% | $0 | $0 |
| Above 390 | 20% | 28% | 0% | $0 | $0 |
| Above 400 | 1% | 6% | 0% | $0 | $0 |
| Above 410 | 1% | 5% | 0% | $0 | $0 |

## What is the consensus among Wall Street analysts for UiPath's number of >$1M ARR customers for Q2 FY2027?

Wall Street Consensus for >$1M ARR Customers Q2 FY2027 | Not available [[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T081243Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=49bc19de6ab0d55d98f7767ada101d9b0fbfa849e2fbd7a3ded0c1c9b53898af#page=4) |
UiPath Q2 FY2027 Total ARR Guidance | $1.929 billion to $1.934 billion [[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/)[[^]](https://www.benzinga.com/insights/news/26/05/52863594/transcript-uipath-q1-2027-earnings-conference-call) |
Customers with >$1M ARR as of Q1 FY2027 | 374 [[^]](https://www.tipranks.com/stocks/path/earnings/q1-2027-report)[[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/)[[^]](https://quartr.com/events/uipath-inc-path-q1-2027_332pAgd8) |

**No Wall Street consensus exists for UiPath's >$1M ARR customers for Q2 FY2027**

No Wall Street consensus exists for UiPath's >**$1M** ARR customers for Q2 FY2027. There is no directly supported consensus figure available from Wall Street analysts for UiPath's number of customers with over **$1** million in Annual Recurring Revenue (ARR) for the second quarter of fiscal year 2027 [[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081243Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=49bc19de6ab0d55d98f7767ada101d9b0fbfa849e2fbd7a3ded0c1c9b53898af#page=4).

UiPath provides total ARR guidance, but not for specific customer counts. For Q2 FY2027, UiPath has issued guidance projecting its total ARR to fall within the range of **$1.929** billion to **$1.934** billion. However, the company has not publicly released a specific consensus or internal forecast for the precise number of customers achieving over **$1** million in ARR [[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/)[[^]](https://www.benzinga.com/insights/news/26/05/52863594/transcript-uipath-q1-2027-earnings-conference-call).

UiPath's official filings lack this specific Wall Street consensus estimate. Official filings and earnings materials from the past six months do not disclose a Wall Street consensus estimate for the number of customers with ARR of at least **$1** million for Q2 FY2027 [[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081243Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=49bc19de6ab0d55d98f7767ada101d9b0fbfa849e2fbd7a3ded0c1c9b53898af#page=4). The most recent reported data from Q1 FY2027 shows that UiPath had 374 customers with an ARR of at least **$1** million [[^]](https://www.tipranks.com/stocks/path/earnings/q1-2027-report)[[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/)[[^]](https://quartr.com/events/uipath-inc-path-q1-2027_332pAgd8).

## What major enterprise deals or product advancements were announced by UiPath during Q2 FY2027 that could drive new customer acquisitions or expansions into the >$1M ARR tier?

Coding Agents Launch Date | May 12, 2026 [[^]](https://www.uipath.com/newsroom/uipath-for-coding-agents-launch)[[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://apnews.com/press-release/business-wire/uipath-reports-first-quarter-fiscal-2027-financial-results-f65eeeec818147538cf56833f399cbaa) |
>$1M ARR Customers (Q1 FY2027) | 374 [[^]](https://www.stocktitan.net/news/PATH/ui-path-announces-second-quarter-fiscal-2027-financial-results-qsj6jfr2nq6a.html)[[^]](https://ts2.tech/en/uipath-nysepath-hits-wall-street-target-ahead-of-q2-arr-challenge/)[[^]](https://ts2.tech/en/uipath-rises-14-eyes-31-million-arr-challenge/) |
Customers Using Agentic Tech | 450 [[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=3)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=1)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=4)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=5)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=2)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-1%2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=6) |

**UiPath introduced significant agentic AI enhancements to attract large enterprise customers**

UiPath introduced significant agentic AI enhancements to attract large enterprise customers. During Q2 FY2027, the company unveiled several product advancements designed to drive new customer acquisitions and expand into the >**$1M** ARR tier. A key announcement on May 12, 2026, was the launch of 'UiPath for Coding Agents,' offering a comprehensive platform for deploying and managing diverse coding agents at scale [[^]](https://www.uipath.com/newsroom/uipath-for-coding-agents-launch)[[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://apnews.com/press-release/business-wire/uipath-reports-first-quarter-fiscal-2027-financial-results-f65eeeec818147538cf56833f399cbaa). Furthermore, UiPath expanded its 'UiPath Agents' capabilities by adding conversational agents for popular platforms, 'Coded Agents' with MCP plug-in support, and improving its AI-driven document processing via 'UiPath Intelligent Xtraction and Processing (IXP)' [[^]](https://ir.uipath.com/news/detail/407/uipath-accelerates-ai-transformation-with-expanded-capabilities-for-its-uipath-platform-for-agentic-automation-and-orchestration). The company also rolled out industry-specific agentic AI solutions for healthcare and introduced new integrations on the Salesforce AgentExchange, including UiPath CX Companion and Maestro Connector, to facilitate advanced enterprise automation [[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://ir.uipath.com/news/detail/428/uipath-launches-agentic-ai-solutions-to-break-administrative-financial-bottlenecks-for-clinicians-and-healthcare-admins). These innovations, alongside UiPath Maestro, AgenTiC Builder, API Workflows, UiPath Coded Agents, and UiPath Data Fabric, are identified as primary drivers for new customer acquisition and growth in large enterprise accounts, enabling new platform motions and broader deployments [[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=3)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=1)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=4)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=5)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=2)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=6).

Early engagement with new agentic technology shows promising commercial momentum. While UiPath's Q2 FY2027 financial results, including the exact number of customers with an Annual Recurring Revenue (ARR) of at least **$1** million, were not publicly disclosed as of August 8, 2026, the company reported 374 customers in the >**$1M** ARR tier at the close of Q1 FY2027 [[^]](https://www.stocktitan.net/news/PATH/ui-path-announces-second-quarter-fiscal-2027-financial-results-qsj6jfr2nq6a.html)[[^]](https://ts2.tech/en/uipath-nysepath-hits-wall-street-target-ahead-of-q2-arr-challenge/)[[^]](https://ts2.tech/en/uipath-rises-14-eyes-31-million-arr-challenge/). Management indicated active engagement with the new agentic technology from 450 customers, suggesting early commercial traction that could lead to conversions into larger ARR accounts [[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=3)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=1)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=4)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=5)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=2)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=6). This initial adoption, coupled with an observed increase in deal sizes as customers recognize the platform's value, points towards a positive outlook for future growth in high-value enterprise segments [[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=3)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=1)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=4)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=5)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=2)[[^]](https://octagonai.co/files/transcripts/PATH/PATH_Q2_2026.pdf?response-content-disposition=inline&response-content-type=application%2Fpdf&X-Amz-Algorithm=AWS4-HMAC-SHA256&X-Amz-Credential=663e4f53311b0b0fa6c9e0c596c6bb4c%2F20260808%2Fus-east-**1%**2Fs3%2Faws4_request&X-Amz-Date=20260808T081303Z&X-Amz-Expires=604800&X-Amz-SignedHeaders=host&X-Amz-Signature=d748afe7b6063a5955ebde3ed51ab805814c1d615cc90a20b37a0c9cfdac0b78#page=6).

## How does UiPath's growth rate in large enterprise customers compare to key automation competitors like Automation Anywhere and Blue Prism in their most recent fiscal quarters?

UiPath $1M+ ARR Customer YoY Growth | 18% year-over-year (Q1 FY2027) [[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/) |
Automation Anywhere $1M+ ARR Customer YoY Growth | 25% year-over-year (Q1 FY27) [[^]](https://www.automationanywhere.com/company/press-room/automation-anywhere-reports-largest-outcome-based-transaction-companys-history)[[^]](https://www.tipranks.com/news/private-companies/automation-anywhere-posts-strong-q1-fy27-results-and-launches-enterprise-ai-coordination-platform) |
Blue Prism Public Financial Statements | No longer published (Acquired in 2022) [[^]](https://www.alphaspread.com/security/lse/prsm/financials/income-statement/revenue)[[^]](https://pdf.dfcfw.com/pdf/H2_AN202202171547558307_1.pdf) |

**Automation Anywhere showed stronger growth in large enterprise customers than UiPath in their most recent fiscal quarters**

Automation Anywhere showed stronger growth in large enterprise customers than UiPath in their most recent fiscal quarters. Automation Anywhere reported a **25%** year-over-year growth for enterprise customers with at least **$1** million in Annual Recurring Revenue (ARR) in its Q1 FY27 results in July 2026 [[^]](https://www.automationanywhere.com/company/press-room/automation-anywhere-reports-largest-outcome-based-transaction-companys-history)[[^]](https://www.tipranks.com/news/private-companies/automation-anywhere-posts-strong-q1-fy27-results-and-launches-enterprise-ai-coordination-platform). In comparison, UiPath reported an **18%** year-over-year increase in customers with ARR of at least **$1** million, reaching a total of 374, during its Q1 FY2027 which ended April 30, 2026 [[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/).

Direct comparison with Blue Prism's growth rates is not possible due to its acquisition. Blue Prism, acquired by SS&C Technologies in 2022, operates as a subsidiary and no longer publishes independent public quarterly financial statements [[^]](https://www.alphaspread.com/security/lse/prsm/financials/income-statement/revenue)[[^]](https://pdf.dfcfw.com/pdf/H2_AN202202171547558307_1.pdf). This change prevents a direct comparison of its recent large-customer ARR growth rates with those reported by UiPath and Automation Anywhere [[^]](https://www.alphaspread.com/security/lse/prsm/financials/income-statement/revenue)[[^]](https://pdf.dfcfw.com/pdf/H2_AN202202171547558307_1.pdf).

## Based on historical data from FY2025 and FY2026, what has been UiPath's typical quarter-over-quarter net addition of >$1M ARR customers?

Avg quarterly net addition >$1M ARR customers | 10 customers per quarter [[^]](https://stockanalysis.com/stocks/path/metrics/) |
Time period for data | Q2 FY2025 through Q1 FY2027 (7 quarters) [[^]](https://stockanalysis.com/stocks/path/metrics/) |
Range of quarterly net additions >$1M ARR customers | -1 to 24 customers per quarter [[^]](https://stockanalysis.com/stocks/path/metrics/) |

**UiPath typically adds ten >$1M ARR customers quarterly**

UiPath typically adds ten >**$1M** ARR customers quarterly. Based on historical data spanning seven quarters from Q2 FY2025 to Q1 FY2027, UiPath’s average quarter-over-quarter net addition of customers with over **$1** million in Annual Recurring Revenue (ARR) is approximately 10 per quarter [[^]](https://stockanalysis.com/stocks/path/metrics/). This average reflects the company's performance in acquiring high-value clients during this period [[^]](https://stockanalysis.com/stocks/path/metrics/).

Quarterly net additions of high-value customers varied significantly. During the analyzed period, specific net additions for >**$1M** ARR customers were 9 in Q2 FY2025, 15 in Q3 FY2025, -1 in Q4 FY2025, 0 in Q1 FY2026, 4 in Q2 FY2026, 13 in Q3 FY2026, 24 in Q4 FY2026, and 17 in Q1 FY2027 [[^]](https://stockanalysis.com/stocks/path/metrics/). These figures illustrate considerable fluctuations in customer acquisition, ranging from a net loss of one customer to a substantial gain of twenty-four customers in a single quarter [[^]](https://stockanalysis.com/stocks/path/metrics/).

## What macroeconomic headwinds or competitive pressures in Q2 FY2027 could lead to customer churn or delayed deal closures, potentially slowing UiPath's growth in the >$1M ARR segment?

Expected Q2 FY2027 Revenue Growth | Approximately 9.8% (down from 17% in Q1) [[^]](https://ts2.tech/en/uipath-nysepath-hits-wall-street-target-ahead-of-q2-arr-challenge/)[[^]](https://b2bdaily.com/it/uipath-faces-growth-challenges-amid-shift-to-agentic-ai/)[[^]](https://stockscreener.finance/en/news/uipath-q1-earnings-call-highlights/) |
Q1 FY2027 Revenue Growth | 17% [[^]](https://ts2.tech/en/uipath-nysepath-hits-wall-street-target-ahead-of-q2-arr-challenge/)[[^]](https://b2bdaily.com/it/uipath-faces-growth-challenges-amid-shift-to-agentic-ai/)[[^]](https://stockscreener.finance/en/news/uipath-q1-earnings-call-highlights/) |
Over $1M ARR Customers (Q1 FY2027) | 374 (18% year-over-year increase) [[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/)[[^]](https://finance.yahoo.com/markets/stocks/articles/uipaths-enterprise-momentum-fortifies-high-170600167.html) |

**Macroeconomic challenges are slowing UiPath's growth in Q2 FY2027**

Macroeconomic challenges are slowing UiPath's growth in Q2 FY2027. UiPath is experiencing a variable economic environment with persistent foreign exchange headwinds, particularly from the Indian rupee and Romanian leu [[^]](https://www.msn.com/en-us/money/companies/uipath-expects-fy2027-revenue-1-776b-1-781b-while-raising-non-gaap-operating-income-outlook-to-430m/ar-AA24lMGe?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&renderwebcomponents=1&wcseo=1)[[^]](https://ts2.tech/en/uipath-nysepath-hits-wall-street-target-ahead-of-q2-arr-challenge/)[[^]](https://b2bdaily.com/it/uipath-faces-growth-challenges-amid-shift-to-agentic-ai/)[[^]](https://stockscreener.finance/en/news/uipath-q1-earnings-call-highlights/). These broader macroeconomic conditions, combined with delayed pilot conversions and elongated sales cycles, are projected to slow year-over-year revenue growth to approximately **9.8%** in Q2 FY2207, a notable decrease from **17%** observed in Q1 [[^]](https://ts2.tech/en/uipath-nysepath-hits-wall-street-target-ahead-of-q2-arr-challenge/)[[^]](https://b2bdaily.com/it/uipath-faces-growth-challenges-amid-shift-to-agentic-ai/)[[^]](https://stockscreener.finance/en/news/uipath-q1-earnings-call-highlights/).

Intense competition impacts deal closures and pricing power. Competitive pressures are also significantly affecting deal closures, stemming from heightened rivalry with hyperscalers such as Microsoft (Power Automate) and ServiceNow [[^]](https://b2bdaily.com/it/uipath-faces-growth-challenges-amid-shift-to-agentic-ai/)[[^]](https://www.trefis.com/data/companies/PATH?from=PATH_value_buy_2026-07-17&mod=co_top_uipathpath)[[^]](https://www.swotanalysis.com/uipath). Additionally, the rise of AI-first competitors who integrate automation directly into their enterprise platforms is intensifying this challenge [[^]](https://b2bdaily.com/it/uipath-faces-growth-challenges-amid-shift-to-agentic-ai/)[[^]](https://www.trefis.com/data/companies/PATH?from=PATH_value_buy_2026-07-17&mod=co_top_uipathpath)[[^]](https://www.swotanalysis.com/uipath). This competitive landscape is contributing to potential erosion of UiPath's pricing power and leading customers to scrutinize the return on investment more closely [[^]](https://b2bdaily.com/it/uipath-faces-growth-challenges-amid-shift-to-agentic-ai/)[[^]](https://www.trefis.com/data/companies/PATH?from=PATH_value_buy_2026-07-17&mod=co_top_uipathpath)[[^]](https://www.swotanalysis.com/uipath).

UiPath's high-value customer segment shows considerable resilience. Despite these general macroeconomic and competitive headwinds, UiPath demonstrated resilience within its high-value customer segment during Q1 FY2027 [[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/)[[^]](https://finance.yahoo.com/markets/stocks/articles/uipaths-enterprise-momentum-fortifies-high-170600167.html). The company reported 374 customers with over **$1** million in Annual Recurring Revenue (ARR), marking an **18%** year-over-year increase [[^]](https://www.fool.com/earnings/call-transcripts/2026/05/28/uipath-path-q1-2027-earnings-transcript/)[[^]](https://finance.yahoo.com/markets/stocks/articles/uipaths-enterprise-momentum-fortifies-high-170600167.html). This sustained expansion within its largest customer base signifies a relative pillar of stability amid broader **market** challenges.

## What Could Change the Odds

**UiPath is scheduled to report its second quarter fiscal 2027 financial results after market close on Thursday, September 3, 2026 [[^]](https://ir.uipath.com/news/detail/456/uipath-announces-second-quarter-fiscal-2027-financial-results-conference-call)[[^]](https://finance.yahoo.com/markets/stocks/articles/uipath-announces-second-quarter-fiscal-201000385.html)[[^]](https://marketchameleon.com/articles/b/2026/8/7/uipath-q2-fiscal-2027-results-investor-watch-september-3)[[^]](https://www.stocktitan.net/news/PATH/ui-path-announces-second-quarter-fiscal-2027-financial-results-qsj6jfr2nq6a.html).** The company has provided guidance for Q2 fiscal 2027 Annualized Renewal Run-rate (ARR) in the range of **$1.929** billion to **$1.934** billion as of July 31, 2026 [[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://www.sec.gov/Archives/edgar/data/1734722/000173472226000037/path-2026430xex991.htm)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PATH/pressreleases/2188881/uipath-path-q1-2027-earnings-transcript/).

**Key performance indicators for UiPath include ARR, dollar-based net retention rate, and customer growth in cohorts exceeding $100K and $1M in ARR [[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PATH/pressreleases/2188881/uipath-path-q1-2027-earnings-transcript/).** For Q1 fiscal 2027, metrics included a **109%** dollar-based net retention rate and **12%** year-over-year ARR growth [[^]](https://ir.uipath.com/news/detail/452/uipath-reports-first-quarter-fiscal-2027-financial-results)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PATH/pressreleases/2188881/uipath-path-q1-2027-earnings-transcript/). As of April 30, 2026, UiPath reported 374 customers with ARR of **$1** million or more [[^]](https://www.roic.ai/quote/PATH/transcripts/2027-year/1-quarter)[[^]](https://www.theglobeandmail.com/investing/markets/stocks/PATH/pressreleases/2188881/uipath-path-q1-2027-earnings-transcript/). These metrics will be closely watched in the upcoming Q2 report.

## Key Dates & Catalysts

- **Expiration:** January 01, 2027
- **Closes:** January 01, 2027

## Decision-Flipping Events

- UiPath is scheduled to report its second quarter fiscal 2027 financial results after **market** close on Thursday, September 3, 2026 [^] [^] [^] [^] .
- The company has provided guidance for Q2 fiscal 2027 Annualized Renewal Run-rate (ARR) in the range of **$1.929** billion to **$1.934** billion as of July 31, 2026 [^] [^] [^] .
- Key performance indicators for UiPath include ARR, dollar-based net retention rate, and customer growth in cohorts exceeding **$100**K and **$1M** in ARR [^] [^] .
- For Q1 fiscal 2027, metrics included a **109%** dollar-based net retention rate and **12%** year-over-year ARR growth [^] [^] .

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