UiPath (PATH) Climbs 35% to New Record High on Stellar Q3

We recently published 10 Stocks Sparking Massive Fortunes. UiPath Inc. (NYSE:PATH) is one of the best performers on Friday.

UiPath soared 34.7 percent week-on-week to hit a 19-month high, as investors took heart from a stellar earnings performance in the third quarter of fiscal year 2026.

In an updated report, UiPath Inc. (NYSE:PATH) said it swung to a net income of $198.8 million from a $10.6 million net loss in the same period last year.

Revenues increased by 15.9 percent to $411 million from $354.6 million year-on-year, while annual recurring revenues (ARR) ended at $1.782 billion.

On Friday alone, the company inched up by a mere 1.03 percent, but touched a 52-week high of $18.98 at intra-day trading before trimming gains toward the close at $18.67. Friday also marked its 6^th straight day in the green territory.

“We delivered solid third quarter results, exceeding guidance across the board and achieving our first GAAP profitable third quarter,” said UiPath Inc. (NYSE:PATH) Chief Finance and Operating Officer Ashim Gupta.

“The progress we’ve made in strengthening our operating rhythm and execution is showing up in our results, and we feel well-positioned as we head into the end of the year.”

Looking ahead, the company is targeting revenues between $462 million and $467 million, as well as ARR of $1.844 billion to $1.849 billion.

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READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.