Ubiquiti (UI) investor relations material

Executive summary

• Revenue for the quarter ended March 31, 2026, increased 19% year-over-year to $788.2 million, driven by strong growth in Enterprise Technology, partially offset by a decline in Service Provider Technology revenue.

• Net income for the quarter rose 30% year-over-year to $233.9 million, with a net margin of 29%.

• GAAP diluted EPS was $3.86, and non-GAAP diluted EPS was $3.88, both up nearly 30% year-over-year.

• Gross profit margin improved to 47% from 45% in the prior year quarter, reflecting favorable product mix and lower indirect costs.

• The company fully repaid its Term Loan Facility and entered into a new $250 million revolving credit facility in May 2026.

Financial highlights

• Quarterly revenue: $788.2 million, up 19% year-over-year.

• Quarterly net income: $233.9 million, up 30% year-over-year.

• Gross profit: $370.7 million, gross margin 47% (up from 45%).

• Operating income: $290.8 million, operating margin 36%.

• Diluted EPS: $3.86, up from $2.98 year-over-year.

Outlook and guidance

• Management expects continued revenue growth driven by Enterprise Technology platforms.

• The company believes existing cash and the new revolving facility will be sufficient for near-term needs, including dividends and potential share repurchases.

• Ongoing supply chain and geopolitical risks may impact future results.

• Management reiterated intention to pay quarterly cash dividends.