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Ubiquiti Inc. Reports First Quarter Fiscal 2026 Financial Results

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  • Ubiquiti Inc. reported first quarter fiscal 2026 revenues of $733.8 million, a 3.3% decrease from the prior quarter & a 33.3% increase from the prior year period.
  • GAAP diluted earnings per share (EPS) were $3.43, while non-GAAP diluted EPS were $3.46.
  • Enterprise Technology revenue reached $657.1 million, whereas Service Provider Technology revenue was $76.6 million.
  • GAAP gross margin improved to 46.0% from 45.1% in the prior quarter & 42.1% in the prior year period, driven by favorable product mix & lower shipping costs.
  • Research & development expenses increased to $48.5 million due to higher employee-related expenses & depreciation.
  • Sales, general & administrative expenses decreased to $27.1 million compared to $33.9 million in the prior quarter, primarily due to lower reserves & marketing expenses.
  • The Board declared a $0.80 per share cash dividend payable on November 24, 2025, to shareholders of record on November 17, 2025.
  • North America accounted for the largest revenue portion at $382.8 million, followed by Europe, the Middle East & Africa at $263.1 million.
  • GAAP net income rose 62.4% year-over-year to $207.9 million, while non-GAAP net income increased 61.9% to $209.3 million.