$UI · Ubiquiti Inc.
Ubiquiti reported Q1 FY2027 (ended September 30, 2026) results: record revenue of $1,026.2M, up 9.5% sequentially and 39.9% YoY. GAAP net income was $320.5M (diluted EPS $5.29) and non-GAAP net income $322.0M (diluted EPS $5.32). Gross margin rose to 47.3% from 45.8% last quarter. The board declared a $1.00 per share cash dividend payable November 23, 2026 to holders of record November 16, 2026.
- Revenue of $1,026.2M grew 39.9% YoY and 9.5% sequentially.
- GAAP diluted EPS of $5.29, up 54.2% YoY; non-GAAP EPS $5.32, up 53.8%.
- Gross margin expanded to 47.3% from 45.8% last quarter.
- Enterprise Technology revenue of $941.3M drove growth; Service Provider Technology $84.9M.
- Board declared a $1.00 per share cash dividend payable November 23, 2026.
Extended-hours last trade $552.52, up 7.45% vs the $514.20 regular close, signaling a positive after-hours reaction to the beat. Regular session closed down 8.34% before the release.
Ubiquiti delivered record revenue and 54% EPS growth with expanding margins, reinforcing its premium valuation despite component-cost headwinds.
Ubiquiti's 39.9% revenue growth and 47.3% gross margin stand out in enterprise networking, where incumbents face slower growth and subscription-heavy models.
Component costs have risen since Q4 FY2026 and may keep rising with constrained availability, potentially pressuring gross margins and limiting ability to meet demand. U.S. tariffs and reliance on chipset suppliers are also flagged.