Business Wire·May 8, 2026, 7:08 AM ET

Ubiquiti Inc. Reports Third Quarter Fiscal 2026 Financial Results

Ubiquiti Inc. reported third-quarter fiscal 2026 revenues of $788.2 million, representing an 18.7% year-over-year increase.
GAAP diluted earnings per share reached $3.86, while non-GAAP diluted earnings per share were $3.88.
GAAP net income totaled $233.9 million, with non-GAAP net income at $235.1 million, both up approximately 29.5% from the prior year.
Enterprise Technology revenue grew to $717.9 million, offset by a decline in Service Provider Technology revenue to $70.3 million.
The company announced a quarterly cash dividend of $0.80 per share, payable on May 26, 2026, to shareholders of record on May 18, 2026.
GAAP gross margin improved to 47.0%, driven by favorable product mix, reduced inventory charges, lower shipping costs, & holiday pricing.
Research & development expenses increased to $51.8 million due to higher employee-related, software, & facility costs.
Sales, general, & administrative expenses decreased to $28.1 million, primarily driven by lower marketing expenses & credit card processing fees.
The company repaid all outstanding debt as of March 2026, resulting in a significant reduction in interest expense to $0.7 million.
North America remained the largest geographic revenue source at $410.2 million, followed by Europe, the Middle East, & Africa at $303.8 million.