STOCK TITAN
  1. Home
  2. Sec-filings
  3. UI
  4. [8-K] Ubiquiti Inc. Reports Material Event

Ubiquiti (NYSE: UI) extends stock buyback into 2027 after record year

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Ubiquiti Inc. (UI) reported strong results for the quarter and fiscal year ended June 30, 2026 and extended its existing stock repurchase authorization. Fourth-quarter revenues reached a record $937.3 million, up 18.9% from the prior quarter and 23.5% year over year. GAAP diluted EPS was $4.70 and non-GAAP diluted EPS was $4.73. Full-year revenues were $3.3 billion, a 27.2% increase over fiscal 2025, with GAAP diluted EPS of $15.85 and non-GAAP diluted EPS of $15.95.

Growth was driven by the Enterprise Technology platform, partially offset by lower Service Provider Technology revenue. Fourth-quarter GAAP gross margin was 45.8%, down 1.2 percentage points sequentially but up 0.7 points year over year; full-year GAAP gross margin improved to 46.2% from 43.4% in 2025. Management noted higher component and shipping costs and ongoing supply constraints that could pressure margins and limit revenue if not offset.

The Board declared a $1.00 per share cash dividend payable September 8, 2026, to shareholders of record on August 31, 2026, and stated an intention to pay at least $1.00 per share quarterly during fiscal 2027, subject to quarterly Board review. The Board also extended the expiration of its previously authorized $500 million stock repurchase program to September 30, 2027.

Positive

  • Record quarterly revenue of $937.3 million, up 18.9% sequentially and 23.5% year over year, with full-year revenue up 27.2% to $3.3 billion.
  • GAAP diluted EPS of $4.70 and non-GAAP diluted EPS of $4.73 in Q4, with year-over-year diluted EPS growth of 6.6% GAAP and 33.6% non-GAAP.
  • Full-year GAAP gross margin improved to 46.2% from 43.4% in fiscal 2025, driven in part by favorable product mix and lower indirect costs.
  • Board declared a $1.00 per share cash dividend and expressed an intention to continue at least $1.00 per share quarterly during fiscal 2027, subject to Board review.
  • $500 million stock repurchase program extended through September 30, 2027, maintaining capacity to repurchase a significant amount of common stock.

Negative

  • Q4 GAAP gross margin fell to 45.8% from 47.0% in the prior quarter, with management citing higher component and shipping costs.
  • Service Provider Technology revenues declined to $69.0 million in Q4 from $79.0 million a year earlier and to $301.9 million for the year from $319.3 million.
  • Management highlighted rising component costs and supply constraints that may pressure near-term gross margins and could limit the ability to meet customer demand.

Filing Explained

The repurchase program remains a maximum authorization through September 30, 2027, not a disclosed commitment to spend $500 million.

This Form 8-K furnishes Ubiquiti’s results for the quarter ended June 30, 2026 and confirms that the Board extended the existing repurchase authorization through September 30, 2027; it gives the company capacity, not a stated obligation, to buy up to $500 million of common stock.

The earnings release is furnished rather than filed for purposes of Section 18 of the Exchange Act and is not incorporated by reference into other SEC filings unless expressly stated.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Q4 2026 Revenues $937.3 million Fourth quarter fiscal 2026 total revenues
Full-year 2026 Revenues $3,274.2 million Revenues for fiscal year ended June 30, 2026
Q4 2026 GAAP diluted EPS $4.70 Fourth quarter fiscal 2026 GAAP earnings per diluted share
Full-year 2026 GAAP diluted EPS $15.85 Fiscal 2026 GAAP earnings per diluted share
Q4 2026 GAAP gross margin 45.8% Fourth quarter fiscal 2026 GAAP gross profit as a percentage of revenue
Cash dividend per share $1.00 Dividend payable September 8, 2026 to shareholders of record August 31, 2026
Stock repurchase authorization $500 million Maximum common stock repurchases authorized through September 30, 2027
Full-year 2026 revenue growth 27.2% Increase in fiscal 2026 revenues versus fiscal 2025
stock repurchase program financial
"approved a $500 million stock repurchase program"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
GAAP gross margin financial
"GAAP gross margin of 45.8% decreased by 1.2%"
GAAP gross margin is a financial measure that shows the percentage of revenue remaining after subtracting the costs directly associated with producing goods or services, calculated according to standard accounting rules. It indicates how efficiently a company is turning sales into profit before accounting for other expenses, and higher gross margins generally suggest better profitability potential. This metric helps investors assess a company's pricing power and cost management.
Enterprise Technology technical
"driven by increase in revenue from our Enterprise Technology platform"
Enterprise technology is the software, hardware and services that large organizations use to run core operations—think of it as the backbone and toolbox a company relies on for finance, HR, security, data and customer management. Investors watch this space because enterprise tech often creates steady, repeatable revenue, higher profit margins and customer lock-in, so adoption rates and contract size signal future earnings and competitive strength.
Service Provider Technology technical
"decrease in revenues from our Service Provider Technology platform"
non-GAAP net income financial
"Reconciliation of GAAP Net Income to Non-GAAP Net Income"
Non-GAAP net income is a company's profit figure that excludes certain costs or income that are included in standard accounting methods. Companies often use it to show what their earnings might look like without one-time expenses or other unusual items, helping investors see the company's core performance more clearly.
forward-looking statements regulatory
"Certain statements in this press release are forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Q4 2026 Revenue $937.3 million +18.9% vs prior quarter; +23.5% vs prior-year quarter
Full-year 2026 Revenue $3,274.2 million +27.2% vs fiscal 2025
Q4 2026 GAAP diluted EPS $4.70 +6.6% vs prior-year quarter
Q4 2026 non-GAAP diluted EPS $4.73 +33.6% vs prior-year quarter
Full-year 2026 GAAP gross margin 46.2% +2.8 percentage points vs fiscal 2025
Guidance

The company stated an intention to pay regular quarterly cash dividends of at least $1.00 per share during fiscal 2027, subject to Board determination each quarter.

FAQ

How did Ubiquiti Inc. (UI) perform financially in Q4 fiscal 2026?
Ubiquiti reported Q4 2026 revenue of $937.3 million, up 18.9% sequentially and 23.5% year over year. GAAP diluted EPS was $4.70 and non-GAAP diluted EPS was $4.73, both increasing versus the prior-year quarter.

What were Ubiquiti Inc. (UI)’s full-year fiscal 2026 results?
For fiscal 2026, Ubiquiti reported revenue of $3.3 billion, a 27.2% increase over fiscal 2025. GAAP diluted EPS was $15.85, and non-GAAP diluted EPS was $15.95, with higher revenues and gross profit driving the improvement.

What dividend did Ubiquiti Inc. (UI) declare and what is its dividend intention?
The Board declared a $1.00 per share cash dividend payable September 8, 2026, to shareholders of record on August 31, 2026. It also stated an intention to pay regular quarterly cash dividends of at least $1.00 per share during fiscal 2027, subject to quarterly review.

Does Ubiquiti Inc. (UI) have a stock repurchase program in place?
Yes. The Board previously approved a $500 million stock repurchase program and on August 20, 2026 extended its expiration date to September 30, 2027, authorizing repurchases of up to that amount of common stock.

How did Ubiquiti Inc. (UI)’s Enterprise and Service Provider segments perform?
In Q4 2026, Enterprise Technology revenue was $868.3 million versus $680.1 million a year earlier, while Service Provider Technology revenue was $69.0 million versus $79.0 million, with overall growth driven by Enterprise Technology.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
0001511737FALSE00015117372026-08-202026-08-20

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
FORM 8-K
 CURRENT REPORT
PURSUANT TO SECTION 13 or 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): August 20, 2026
UBIQUITI INC.
(Exact name of registrant as specified in its charter)
Delaware001-3530032-0097377
(State or jurisdiction of incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
685 Third Avenue, 27th Floor
New York, New York 10017
(Address of principal executive offices, including zip code)
(646) 780-7958
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.001 par value per shareUINew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging Growth Company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act. ☐





Item 2.02Results of Operations and Financial Condition.

On August 21, 2026, Ubiquiti Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended June 30, 2026. A copy of the press release is attached hereto as Exhibit 99.1.

The Company hereby furnishes the information relating to its financial results for the fiscal quarter ended June 30, 2026 set forth in the press release issued on August 21, 2026 and which is incorporated herein by reference. This information is not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), in each case, whether made before or after the date hereof, regardless of any general incorporation language in such filing. Other documents filed with the Securities and Exchange Commission (the “SEC”) shall not incorporate this information by reference, except as otherwise expressly stated in such filing.

Item 8.01
Other Events.

On August 21, 2025, the Board of Directors of the Company (the “Board”) approved a $500 million stock repurchase program (the “2025 August Program”), which was scheduled to expire on September 30, 2026. On August 20, 2026, the Board extended the expiration date of the 2025 August Program to September 30, 2027.

Item 9.01Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription
99.1
Press release of Ubiquiti Inc. dated August 21, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)

Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall Exhibit 99.1 be deemed incorporated by reference into any filing of the Company under the Securities Act, in each case, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as expressly set forth in such filing.

Forward Looking Statements

Certain statements in this Current Report on Form 8-K are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Exchange Act. Statements other than statements of historical fact including words such as “look”, “will”, “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “consider” and “plan” and statements in the future tense are forward looking statements. The statements in this Current Report on Form 8-K that could be deemed forward-looking statements include the statement regarding our intention to pay quarterly cash dividends, any statement regarding stock repurchases, any statement regarding the cost and availability of components, any statements or assumptions underlying the foregoing, and any statement regarding future events and the future financial performance of Ubiquiti Inc. that involves risks or uncertainties.

Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially or cause a material adverse impact on our results. Potential risks and uncertainties include, but are not limited to, the impact of U.S. tariffs on our operations and financial results; the impact of public health problems, on results; fluctuations in our operating results; varying demand for our products due to the financial and operating condition of our distributors and their customers, and our distributors’ inventory management practices; political and economic conditions and volatility affecting the stability of business environments, economic growth, currency values, commodity prices and other factors that may influence the ultimate demand for our products in particular geographies or globally; impact of counterfeiting and our ability to contain such impact; our reliance on a limited number of distributors; inability of our contract manufacturers and suppliers to meet our demand; our dependence on chipset suppliers for chipsets without a short-term alternative; as we move into new markets competition from certain of our current or potential competitors who may be more established in such markets; our ability to keep pace with technological and market developments; success and timing of new product introductions by us and the


performance of our products generally; our ability to effectively manage the significant increase in our transactional sales volumes; we may become subject to warranty claims, product liability and product recalls; that a majority of our sales are into countries outside the United States and we are subject to numerous U.S. export control and economic sanctions laws; costs related to responding to government inquiries related to regulatory compliance; our reliance on certain key members of our management team, including our founder and chief executive officer, Robert J. Pera; adverse tax-related matters such as tax audits, changes in our effective tax rate or new tax legislative proposals; whether the final determination of our income tax liability may be materially different from our income tax provisions; the impact of any intellectual property litigation and claims for indemnification; litigation related to U.S. securities laws; and social, economic and political conditions in the United States and abroad, including the impact of the military conflict between Russia and Ukraine and the tension between China and Taiwan. We discuss these risks in greater detail under the heading “Risk Factors” and elsewhere in our Annual Report on Form 10-K for the year ended June 30, 2026, and subsequent filings filed with the SEC, which are available at the SEC’s website at www.sec.gov. Copies may also be obtained by contacting the Ubiquiti Inc. Investor Relations Department, by email at IR@ui.com or by visiting the Investor Relations section of the Ubiquiti Inc. website, https://ir.ui.com/. Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management's beliefs and assumptions only as of the date made. Except as required by law, Ubiquiti Inc. undertakes no obligation to update information contained herein. You should review our SEC filings carefully and with the understanding that our actual future results may be materially different from what we expect.



SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
UBIQUITI INC.
August 21, 2026By:/s/ Robert J. Pera
Name:Robert J. Pera
Title:Chief Executive Officer


EXHIBIT INDEX
 
Exhibit Number
Description
99.1
Press release of Ubiquiti Inc. dated August 21, 2026
104Cover Page Interactive Data File (embedded within the Inline XBRL document)

Exhibit 99.1 is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, nor shall Exhibit 99.1 be deemed incorporated by reference into any filing of the Company under the Securities Act, in each case, whether made before or after the date hereof, regardless of any general incorporation language in such filing, except as expressly set forth in such filing.



Exhibit 99.1
 
ubntlogoforera.jpg

UBIQUITI INC. REPORTS FOURTH QUARTER FISCAL 2026 FINANCIAL RESULTS
~ Record Revenues of $937.3 million ~

New York, NY - August 21, 2026 - Ubiquiti Inc. (NYSE: UI) ("Ubiquiti" or the "Company") today announced its financial results for the fourth quarter and full year fiscal 2026, ended June 30, 2026.

Fourth Quarter Fiscal 2026 Financial Summary
•Revenues of $937.3 million
•GAAP diluted EPS of $4.70
•Non-GAAP diluted EPS of $4.73
Full Fiscal 2026 Financial Summary
•Revenues of $3.3 billion
•GAAP diluted EPS of $15.85
•Non-GAAP diluted EPS of $15.95

Additional Financial Highlights

•The Company's Board of Directors (the "Board") declared a $1.00 per share cash dividend payable on September 8, 2026 to shareholders of record at the close of business on August 31, 2026.
•The Company intends to pay regular quarterly cash dividends of at least $1.00 per share during each quarter of fiscal year 2027, although all subsequent dividends, and the establishment of record and payment dates, are subject to final determination by the Board each quarter after its review of the Company’s financial performance and results of operations, available cash and cash flow, capital requirements, applicable corporate legal requirements, and other factors.
•The Company has extended the expiration date of its previously announced stock repurchase program, authorizing the Company to repurchase up to $500 million of its common stock through September 30, 2027, as disclosed in the Form 8-K filed on August 21, 2026.




Financial Highlights ($, in millions, except per share data)
(Unaudited)
Income statement highlights4QF263QF264QF25
Revenues937.3788.2759.2
Enterprise Technology868.3717.9680.1
Service Provider Technology69.070.379.0
Gross profit429.3370.7342.7
    Gross Profit (%)45.8%47.0%45.1%
Total Operating Expenses89.379.981.3
Income from Operations340.0290.8261.4
GAAP Net Income284.9233.9266.7
GAAP EPS (diluted)4.703.864.41
Non-GAAP Net Income286.5235.1214.4
Non-GAAP EPS (diluted)4.733.883.54
Ubiquiti Inc.
Revenues by Product Type
(In thousands)
(Unaudited)
Three Months Ended June 30,Twelve Months Ended June 30,
20262025
2026(1)
2025(1)
Enterprise Technology$868,314 $680,147 $2,972,302 $2,254,254 
Service Provider Technology69,009 79,006 301,860 319,291 
Total revenues$937,323 $759,153 $3,274,162 $2,573,545 

Ubiquiti Inc.
Revenues by Geographical Area
(In thousands)
(Unaudited)
Three Months Ended June 30,Twelve Months Ended June 30,
20262025
2026(1)
2025(1)
North America$507,381 $379,899 $1,743,978 $1,295,515 
Europe, the Middle East and Africa331,582 303,796 1,179,174 999,384 
Asia Pacific69,445 47,344 220,205 168,843 
South America28,915 28,114 130,805 109,803 
Total revenues$937,323 $759,153 $3,274,162 $2,573,545 
(1) Derived from audited consolidated statements as of and for the year ended June 30, 2026 and 2025, respectively.

Income Statement Items
Revenues
Revenues for the fourth quarter of fiscal 2026 were $937.3 million, representing an increase from the prior quarter of 18.9% and an increase from the comparable prior year period of 23.5%. On a full year basis, revenues for fiscal 2026 were $3.3 billion, representing a 27.2% increase compared to full year fiscal 2025.
The growth in revenues over the prior quarter and the comparable prior year periods were driven by increase in revenue from our Enterprise Technology platform, offset in part by a decrease in revenues from our Service Provider Technology platform.

Gross Profit Margin-Gross Profit as a percentage of Revenue

During the fourth quarter of fiscal 2026, GAAP gross profit was $429.3 million. GAAP gross margin of 45.8% decreased by 1.2% as compared to the prior quarter GAAP gross margin of 47.0% and increased by 0.7% as compared to the comparable prior year period GAAP gross margin of 45.1%. On a full year basis, fiscal 2026 GAAP gross profit was $1,511.4 million. Fiscal 2026 GAAP gross margin of 46.2% increased by 2.8% as compared to fiscal 2025 GAAP gross margin of 43.4%.
The decrease in gross profit margin as compared to the prior quarter was primarily driven by higher costs of components and higher shipping costs, offset in part by lower other indirect costs. The increase in gross profit margin as compared to the comparable prior year period was primarily driven by lower other indirect costs, offset in part by unfavorable product mix, higher shipping costs and higher costs of components. The increase in gross profit margin for full fiscal 2026 as compared to full fiscal 2025 was primarily driven by favorable product mix, lower other indirect costs offset in part by higher tariff costs.

During the fourth quarter of fiscal 2026, the Company experienced an increase in certain component costs. Component costs may continue to rise and availability may remain constrained. These factors may result in near-term pressure on our gross profit margins, particularly to the extent we are unable to offset higher component costs through pricing or other measures. In addition, ongoing supply constraints could limit our ability to meet customer demand and negatively impact our revenues and gross profit margins.

Research and Development

During the fourth quarter of fiscal 2026, research and development ("R&D") expenses were $53.0 million. This reflects an increase as compared to the R&D expenses of $51.8 million in the prior quarter and R&D expenses of $47.5 million in the comparable prior year period. On a full year basis, fiscal 2026 R&D expenses were $204.2 million, representing an increase of $34.5 million as compared to R&D expenses of $169.7 million for fiscal 2025.
The increase in R&D expenses as compared to the prior quarter was primarily driven by higher prototype-related expenses and software expenses, offset in part by lower employee-related expenses. The increase in R&D expenses as compared to the comparable prior year period was primarily driven by higher employee-related expenses, software expenses and facility costs. The increase in R&D expenses for fiscal 2026 compared to fiscal 2025 was primarily driven by higher employee-related expenses, prototype-related expenses, facility costs and software expenses, offset in part by lower depreciation.
Sales, General and Administrative
The Company’s sales, general and administrative ("SG&A") expenses for the fourth quarter of fiscal 2026 were $36.3 million. This reflects an increase as compared to the SG&A expenses of $28.1 million in the prior quarter and an increase compared to the SG&A expenses of $33.9 million in the comparable prior year period. On a full year basis, fiscal 2026 SG&A expenses were $121.8 million, reflecting an increase of $10.3 million as compared to SG&A expenses of $111.5 million for fiscal 2025.
The increase in SG&A costs as compared to the prior quarter was primarily attributable to higher professional fees, higher credit card processing fees associated with incremental webstore sales, employee-related expenses and marketing expenses. The increase in SG&A costs as compared to the comparable prior year period was primarily due to higher professional fees, higher credit card processing fees arising from incremental webstore sales, marketing expenses and employee-related expenses, offset in part by lower reserves taken against accounts receivables. The increase in SG&A costs for fiscal 2026 compared to fiscal 2025 was primarily attributable to higher credit card processing fees associated with incremental webstore sales, higher professional fees, marketing expenses, employee-related expenses and software expenses, offset in part by lower reserves taken against accounts receivables.
Interest Expense (Income) and Other, net
During the fourth quarter of fiscal 2026, the company reported Interest expense (income) and other, net ("I&O") income of $3.1 million. In the prior quarter and the comparable prior year period the company had reported I&O expense of $0.7 million and $3.2 million, respectively. On a full year basis, fiscal 2026 I&O expenses were $2.4 million, reflecting a decrease of $28.3 million as compared to the I&O expenses of $30.6 million for fiscal 2025.

The increase in I&O income compared to the prior quarter was primarily attributable to higher interest income and lower interest expense, driven by a decrease in outstanding debt and lower foreign exchange losses. The increase in I&O income compared to comparable prior year period was primarily driven by higher interest income and lower interest expense due to a decrease in outstanding debt. This was partially offset by higher foreign exchange losses.

The decline in I&O expense for fiscal 2026 as compared to fiscal 2025 was primarily driven by lower interest expense driven by a decrease in outstanding debt and lower interest rates and higher interest income on invested cash, offset in part by higher foreign exchange losses.
Income Taxes
The fourth quarter fiscal 2025 GAAP provision for income taxes reflected a benefit of $8.5 million, primarily as a result of an intercompany transfer of intangible properties. Please see pages 7 and 8 of this press release for non-GAAP adjustments to our financial results, including adjustments arising from this transaction.
Net Income and Earnings Per Share
During the fourth quarter of fiscal 2026, GAAP net income was $284.9 million and non-GAAP net income was $286.5 million. This reflects an increase in GAAP net income and non-GAAP net income from the comparable prior year period by 6.8% and 33.6%, respectively. The primary factors contributing to this growth were higher revenues and increased gross profit. Fourth quarter fiscal 2026 GAAP earnings per diluted share was $4.70, and non-GAAP earnings per diluted share was $4.73. Both measures increased from the comparable prior year period, with GAAP and non-GAAP earnings per diluted share increasing by 6.6% and 33.6% respectively. As discussed elsewhere in this press release, the difference between GAAP net income and non-GAAP net income for the fourth quarter of fiscal 2025 is primarily driven by the immediate recognition under GAAP of the $53.7 million deferred tax asset described in the prior paragraph.

About Ubiquiti Inc.

Ubiquiti Inc. is focused on democratizing network technology on a global scale — creating networking infrastructure in over 200 countries and territories around the world. Our professional networking products are powered by our UISP and UniFi software platforms to provide high-capacity distributed Internet access and unified information technology management, respectively.
Ubiquiti and the U logo are trademarks or registered trademarks of Ubiquiti and/or its affiliates in the United States and other countries. For more information, please visit www.ui.com.
Investor Relations Contact
Ubiquiti Inc.
Investor Relations
ir@ui.com
Ph.1-646-780-7958
Safe Harbor for Forward Looking Statements
Certain statements in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements other than statements of historical fact including words such as "look", "will", "anticipate", "believe", "estimate", "expect", "forecast", "consider" and "plan" and statements in the future tense are forward looking statements. The statements in this press release that could be deemed forward-looking statements include the statement regarding our intention to pay quarterly cash dividends, any statement regarding stock repurchases, any statement regarding the cost and availability of components, any statements or assumptions underlying the foregoing, and any statement regarding future events and the future financial performance of Ubiquiti Inc. that involves risks or uncertainties.

Forward-looking statements are subject to certain risks and uncertainties that could cause our actual future results to differ materially or cause a material adverse impact on our results. Potential risks and uncertainties include, but are not limited to, the impact of U.S. tariffs on our operations and financial results; the impact of public health problems on results; fluctuations in our operating results; varying demand for our products due to the financial and operating condition of our distributors and their customers, and our distributors’ inventory management practices; political and economic conditions and volatility affecting the stability of business environments, economic growth, currency values, commodity prices and other factors that may influence the ultimate demand for our products in particular geographies or globally; impact of counterfeiting and our ability to contain such impact; our reliance on a limited number of distributors; inability of our contract manufacturers and suppliers to meet our demand; our dependence on chipset suppliers for chipsets without a short-term alternative; as we move into new markets competition from certain of our current or potential competitors who may be more established in such markets; our ability to keep pace with technological and market developments; success and timing of new product introductions by us and the performance of our products generally; our ability to effectively manage the significant increase in our transactional sales volumes; we may become subject to warranty claims, product liability and product recalls; that a majority of our sales are into countries outside the United States and we are subject to numerous U.S. export control and economic sanctions laws; costs related to responding to government inquiries related to regulatory compliance; our reliance on certain key members of our management team, including our founder and chief executive officer, Robert J. Pera; adverse tax-related matters such as tax audits, changes in our effective tax rate or new tax legislative proposals; whether the final determination of our income tax liability may be materially different from our income tax provisions; the impact of any intellectual property litigation and claims for indemnification; litigation related to U.S. securities laws; and social, economic and political conditions in the United States and abroad, including the impact of the military conflict between Russia and Ukraine and the tension between China and Taiwan. We discuss these risks in greater detail under the heading "Risk Factors" and elsewhere in our Annual Report on Form 10-K for the year ended June 30, 2026, and subsequent filings filed with the U.S. Securities and Exchange Commission (the "SEC"), which are available at the SEC’s website at www.sec.gov. Copies may also be obtained by contacting the Ubiquiti Inc. Investor Relations Department, by email at IR@ui.com or by visiting the Investor Relations section of the Ubiquiti Inc. website, https://ir.ui.com/.

Given these uncertainties, you should not place undue reliance on these forward-looking statements. Also, forward-looking statements represent our management’s beliefs and assumptions only as of the date made. Except as required by law, Ubiquiti Inc. undertakes no obligation to update information contained herein. You should review our SEC filings carefully and with the understanding that our actual future results may be materially different from what we expect.
Ubiquiti Inc.
Condensed Consolidated Statements of Operations
and Comprehensive Income
(In thousands, except per share data) (Unaudited)
Three Months Ended June 30,Twelve Months Ended June 30,

20262025
2026(1)
2025(1)
Revenues$937,323 $759,153 $3,274,162 $2,573,545 
Cost of revenues508,069 416,423 1,762,788 1,456,094 
Gross profit$429,254 $342,730 $1,511,374 $1,117,451 
Operating expenses:
Research and development52,965 47,455 204,166 169,672 
Sales, general and administrative36,292 33,873 121,766 111,499 
Total operating expenses89,257 81,328 325,932 281,171 
Income from operations339,997 261,402 1,185,442 836,280 
Interest (income) expense and other, net(3,064)3,191 2,367 30,628 
Income before income taxes343,061 258,211 1,183,075 805,652 
Provision (Benefit) for income taxes58,159 (8,494)222,772 93,730 
Net income$284,902 $266,705 $960,303 $711,922 
Net income per share of common stock:
Basic$4.71 $4.41 $15.87 $11.77 
Diluted$4.70 $4.41 $15.85 $11.76 
Weighted average shares used in computing net income per share of common stock:
Basic60,522 60,491 60,510 60,480 
Diluted60,575 60,545 60,570 60,534 
(1) Derived from audited consolidated statements as of and for the year ended June 30, 2026 and 2025, respectively.
Ubiquiti Inc.
Reconciliation of GAAP Net Income to Non-GAAP Net Income
(In thousands, except per share data)
(Unaudited)
Three Months EndedTwelve Months Ended
June 30,
June 30, 2026March 31, 2026June 30, 202520262025
Net Income$284,902 $233,914 $266,705 $960,303 $711,922 
Share-based compensation:
Cost of revenues76 59 65 277 238 
Research and development1,403 1,052 1,331 5,078 5,238 
Sales, general and administrative563 501 476 2,089 1,732 
Tax effect of Non-GAAP adjustment relating to Share-based compensation(485)(385)(462)(1,777)(1,772)
Deferred Tax benefit from intangibles realignment transaction— (53,668)(53,668)
Non-GAAP net income$286,459 $235,141 $214,447 $965,970 $663,690 
Non-GAAP diluted EPS$4.73 $3.88 $3.54 $15.95 $10.96 
Shares outstanding (Diluted)60,575 60,572 60,545 60,570 60,534 
Weighted-average shares used in Non-GAAP diluted EPS60,575 60,572 60,545 60,570 60,534 
Use of Non-GAAP Financial Information
To supplement our condensed consolidated financial results prepared under generally accepted accounting principles, or GAAP, we use non-GAAP measures of net income and earnings per diluted share that are adjusted to exclude certain costs, expenses and gains such as share-based compensation expense, and the tax effects of these non-GAAP adjustments and the deferred tax benefit from intercompany intangibles realignment transaction.

Reconciliations of the adjustments to GAAP results for the periods presented are provided above. In addition, an explanation of the ways in which management uses non-GAAP financial information to evaluate its business, the substance behind management’s decision to use this non-GAAP financial information, material limitations associated with the use of non-GAAP financial information, the manner in which management compensates for those limitations, and the substantive reasons management believes that this non-GAAP financial information provides useful information to investors is included under the paragraphs below.
Usefulness of Non-GAAP Financial Information to Investors
We believe that the presentation of non-GAAP net income and non-GAAP earnings per diluted share provides important supplemental information regarding non-cash expenses, significant items that we believe are important to understanding our financial, and business trends relating to our financial condition and results of operations. Non-GAAP net income and non-GAAP earnings per diluted share are among the primary indicators used by management as a basis for planning and forecasting future periods and by management and our board of directors to determine whether our operating performance has met specified targets and thresholds. Management uses non-GAAP net income and non-GAAP earnings per diluted share when evaluating operating performance because it believes that the exclusion of the items described below, for which the amounts or timing may vary significantly depending upon the Company’s activities and other factors, facilitates comparability of the Company’s operating performance from period to period. We have chosen to provide this information to investors so they can analyze our operating results in the same way that management does and use this information in their assessment of our business and the valuation of our Company.

About our Non-GAAP Net Income and Non-GAAP Earnings per Diluted Share
We compute non-GAAP net income and non-GAAP earnings per diluted share by adjusting GAAP net income and GAAP earnings per diluted share to remove the impact of certain adjustments and the tax effect of those adjustments. Items excluded from net income are:

• Share-based compensation expense
• Tax effect of non-GAAP adjustments, applying the principles of ASC 740; and
• Deferred Tax benefit from intangibles realignment transaction.

These non-GAAP measures are not in accordance with, or an alternative to, GAAP and may be materially different from other non-GAAP measures, including similarly titled non-GAAP measures used by other companies. The presentation of this additional information should not be considered in isolation from, as a substitute for, or superior to, net income or earnings per diluted share prepared in accordance with GAAP. Non-GAAP financial measures have limitations in that they do not reflect certain items that may have a material impact upon our reported financial results.

For more information on the non-GAAP adjustments, please see the table captioned "Reconciliation of GAAP Net Income to non-GAAP Net Income" included in this press release.

1

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

4 documents

Press Releases

Other Documents