PATH FY3Q26: Channel Checks Indicate Continued Growth Recovery

Since the post-pandemic period, UiPath’s stock performance has generally trended downward, particularly following the emergence of LLMs and the rise of Agentic AI. The prevailing market view at the time was that because Agentic AI capabilities overlapped with RPA products, the expansion of large model capabilities would ultimately lead to the obsolescence of the RPA category

However, recent trends indicate that RPA continues to deliver value in scenarios requiring precise execution. The integration of RPA with Agentic AI capabilities is expanding use cases and total addressable market (TAM). This combination has indeed provided UiPath with a degree of “breathing room” in the medium-to-short term

In May 2025, UiPath released its AI Agent Solution. We recently conducted channel checks regarding UiPath’s AI product traction and quarterly performance: