Ubiquiti Inc. (UI) Q1 2026 Financial Results Summary

On November 7, 2025, Ubiquiti Inc. (NYSE: UI) announced its financial results for the first quarter ended September 30, 2025. Below is a summary of the company’s financial performance for the period.

Financial Highlights

• Revenues: $733.8 million
• Decrease of 3.3% from the previous quarter (Q4 2025: $759.2 million)
• Increase of 33.3% from the same quarter one year ago (Q1 2025: $550.3 million)
• GAAP Diluted Earnings Per Share (EPS): $3.43
• Decrease from $4.41 in Q4 2025
• Increase of 61.8% compared to $2.12 in Q1 2025
• Non-GAAP Diluted EPS: $3.46
• Decrease from $3.54 in Q4 2025
• Increase of 61.7% compared to $2.14 in Q1 2025
• Gross Profit: $337.4 million
• Gross Margin: 46.0%
  • Increase of 0.9% from Q4 2025 (45.1%)
  • Increase of 3.9% from Q1 2025 (42.1%)
• Total Operating Expenses: $75.7 million
• Increase from $62.4 million in Q1 2025
• Income from Operations: $261.7 million
• Slight increase from $261.4 million in Q4 2025
• Increase from $169.2 million in Q1 2025
• GAAP Net Income: $207.9 million
• Increase of 62.4% from $128.0 million in Q1 2025
• Non-GAAP Net Income: $209.3 million
• Increase of 61.9% from $129.3 million in Q1 2025

Revenue Breakdown

• Enterprise Technology: $657.1 million
• Increase of 39.6% from $470.2 million in Q1 2025
• Decrease of 3.4% from $680.1 million in Q4 2025
• Service Provider Technology: $76.6 million
• Decrease of 4.5% from $80.2 million in Q1 2025
• Decrease of 3.0% from $79.0 million in Q4 2025

Geographical Revenue Distribution

• North America: $382.8 million
• Increase of 41.2% from $271.2 million in Q1 2025
• Europe, the Middle East, and Africa: $263.1 million
• Increase of 28.3% from $204.9 million in Q1 2025
• Asia Pacific: $53.1 million
• Increase of 29.7% from $40.9 million in Q1 2025
• South America: $34.7 million
• Increase of 4.3% from $33.3 million in Q1 2025

Dividend and Share Repurchase

• The Company’s Board of Directors declared a $0.80 per share cash dividend payable on November 24, 2025, to shareholders of record at the close of business on November 17, 2025.

Expense Overview

• Research and Development (R&D): $48.5 million
• Increase from $38.0 million in Q1 2025
• Sales, General and Administrative (SG&A): $27.1 million
• Increase from $24.4 million in Q1 2025
• Interest Expense and Other, net: $3.2 million
• Significant decrease from $10.6 million in Q1 2025

Summary

In summary, Ubiquiti Inc. demonstrated strong growth in revenue, net income, and earnings per share in the first quarter of fiscal 2026 compared to the same quarter last year. Despite a revenue decline from the previous quarter, the company managed to increase its gross margins and continue returning value to shareholders via dividend payments.

Further financial details and updates can typically be accessed through Ubiquiti’s official investor relations resources.

Condensed Consolidated Statements of Operations and Comprehensive Income

(In thousands, except per share data) (Unaudited)