$UI · Ubiquiti Inc.
Ubiquiti filed its 10-Q for the quarter ended September 30, 2026 (Q1 FY2027). Revenue grew 40% YoY to $1.026B from $733.8M, driven by both Enterprise Technology and Service Provider Technology platforms. Net income rose 54% to $320.5M, with diluted EPS of $5.29 versus $3.43 a year earlier. Gross margin expanded to 47.3% and operating margin to 38.1%.
- Revenue rose $292.5M, or 40%, to $1.026B year over year.
- Net income climbed 54% to $320.5M; diluted EPS $5.29 vs $3.43.
- Gross margin expanded to 47.3% from 46%; operating margin 38.1% vs 35%.
- Enterprise technology revenue was $941.3M (92% of total), up from $657.1M.
- Dividend raised to $1.00 per share from $0.80; $60.5M paid in the quarter.
Shares closed down 8.34% at $514.20 in the regular session, but extended-hours trading rebounded to $538.00, up 4.63% versus the close, suggesting the market read the strong results favorably after the initial selloff.
Ubiquiti delivered accelerating 40% revenue growth with expanding margins and a dividend hike, a rare combination for a $31B networking hardware name.
Ubiquiti's 40% revenue growth and 47% gross margin stand out in networking hardware, reflecting strong enterprise and service-provider demand.
Inventory remains elevated at $779.3M and vendor deposits rose to $109.5M, while accounts payable fell $65.1M, pressuring working capital.