Automation software company UiPath (NYSE: PATH) will be reporting results tomorrow afternoon. Here’s what investors should know.

UiPath beat analysts’ revenue expectations by 2% last quarter, reporting revenues of $354.7 million, up 8.8% year on year. It was a mixed quarter for the company, with an impressive beat of analysts’ EBITDA estimates but a significant miss of analysts’ billings estimates.

Is UiPath a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting UiPath’s revenue to grow 4.9% year on year to $425.1 million, slowing from the 31.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.19 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UiPath has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 4.5% on average.

Looking at UiPath’s peers in the automation software segment, some have already reported their Q4 results, giving us a hint as to what we can expect. SoundHound AI delivered year-on-year revenue growth of 101%, beating analysts’ expectations by 2.3%, and Microsoft reported revenues up 12.3%, topping estimates by 1.1%. SoundHound AI traded up 17.8% following the results while Microsoft was down 6.1%.

Read our full analysis of SoundHound AI’s results here and Microsoft’s results here.

Unless you’ve been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story.