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Ubiquiti (NYSE: UI) Q3 2026 revenue up 18.7% as margins and EPS rise

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

Rhea-AI Filing Summary

Ubiquiti Inc. reported strong third quarter fiscal 2026 results with revenues of $788.2 million, up 18.7% year over year, but down 3.3% sequentially after strong holiday webstore sales in the prior quarter. Enterprise Technology revenue rose to $717.9 million, while Service Provider Technology revenue declined to $70.3 million.

GAAP gross profit was $370.7 million, with gross margin improving to 47.0% from 44.5% a year earlier, helped by favorable product mix, lower inventory charges and shipping costs, partially offset by higher tariffs. GAAP net income increased to $233.9 million and non-GAAP net income to $235.1 million, up about 30% year over year, driving GAAP diluted EPS of $3.86 and non-GAAP diluted EPS of $3.88.

The Board declared a $0.80 per share cash dividend payable on May 26, 2026 to shareholders of record on May 18, 2026. Ubiquiti also reduced interest expense as it repaid all outstanding debt by March 2026, strengthening its balance sheet while continuing to invest in R&D and maintaining global revenue growth across all regions.

Positive

  • Strong year-over-year growth: Q3 fiscal 2026 revenue reached $788.2 million, up 18.7% from the prior-year quarter, driven primarily by higher Enterprise Technology sales.
  • Margin expansion and profit growth: GAAP gross margin improved to 47.0% from 44.5% a year earlier, with GAAP net income up 29.6% and GAAP diluted EPS rising from $2.98 to $3.86.
  • Debt fully repaid: Interest expense and other, net dropped to $0.7 million, as the company repaid all outstanding debt by March 2026, lowering financial leverage.
  • Ongoing cash returns to shareholders: The Board declared a $0.80 per share cash dividend payable on May 26, 2026 to shareholders of record on May 18, 2026.

Negative

  • None.

Insights

Ubiquiti delivers strong profit growth, higher margins, no debt, and maintains dividends.

Ubiquiti posted Q3 fiscal 2026 revenue of $788.2M, up 18.7% year over year, driven mainly by Enterprise Technology, while Service Provider revenue declined. Gross margin expanded to 47.0%, reflecting mix, lower inventory charges, and reduced shipping and other indirect costs despite higher tariffs.

GAAP net income rose to $233.9M and non-GAAP net income to $235.1M, with diluted EPS at $3.86 GAAP and $3.88 non-GAAP, both up about 29-30% from the prior year period. Operating expenses grew, particularly R&D, but remained modest relative to gross profit, supporting strong operating income.

Interest expense and other, net fell sharply to $0.7M as the company repaid all outstanding debt by March 2026, reducing financial risk. The Board declared a quarterly cash dividend of $0.80 per share payable on May 26, 2026, signaling continued capital return. Future performance will depend on sustaining Enterprise growth, managing tariffs and supply chain risks, and maintaining margin gains described for this quarter.

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q3 2026 Revenue $788.2M Third quarter fiscal 2026 revenue, up 18.7% year over year
Q3 2026 GAAP diluted EPS $3.86/share Third quarter fiscal 2026 diluted earnings per share
Q3 2026 Non-GAAP diluted EPS $3.88/share Third quarter fiscal 2026 non-GAAP diluted earnings per share
GAAP gross margin 47.0% Third quarter fiscal 2026 gross margin vs 44.5% in prior-year quarter
Q3 2026 GAAP net income $233.9M Third quarter fiscal 2026 GAAP net income, up 29.6% year over year
Quarterly dividend $0.80/share Cash dividend declared, payable May 26, 2026 to holders on May 18, 2026
Research & development expense $51.8M Third quarter fiscal 2026 R&D expense vs $44.3M prior-year quarter
Interest expense and other, net $0.7M Third quarter fiscal 2026; company repaid all outstanding debt by March 2026
Non-GAAP diluted EPS financial
"Non-GAAP diluted EPS of $3.88"
Non-GAAP diluted EPS (Earnings Per Share) is a measure of a company's profit allocated to each share of stock, calculated using adjusted earnings that exclude certain items like one-time expenses or gains. It provides a view of ongoing performance by removing irregular or non-recurring factors. Investors use it to better understand the company's core profitability and compare performance across different periods or companies.
Enterprise Technology financial
"Enterprise Technology revenue was $717,850"
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 financial
"Service Provider Technology revenue was 70,349"
Gross profit (%) financial
"Gross Profit (%) 47.0% 45.9% 44.5%"
Share-based compensation financial
"Share-based compensation expense is excluded from non-GAAP net income"
Share-based compensation is when a company pays employees, executives or directors with its own stock or rights to buy stock instead of, or in addition to, cash. Think of it like receiving store gift cards instead of extra paycheck — it can motivate staff to boost the company’s value, but it also increases the number of shares outstanding and can shrink each existing owner’s slice of profits and voting power. Investors watch it because it affects reported earnings, share count and the alignment between management and shareholders.
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.
Revenue $788.2M +18.7% YoY
GAAP diluted EPS $3.86 +29.5% YoY
Non-GAAP diluted EPS $3.88 +29.3% YoY
GAAP gross margin 47.0% +2.5 pts YoY
GAAP net income $233.9M +29.6% YoY
Understanding 8-K Material Events →
0001511737FALSE00015117372026-05-082026-05-08

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): May 8, 2026
UBIQUITI INC.
(Exact name of registrant as specified in its charter)
Delaware001-35300 32-0097377
(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 May 8, 2026, Ubiquiti Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended March 31, 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 March 31, 2026 set forth in the press release issued on May 8, 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 9.01Financial Statements and Exhibits.
(d) Exhibits
Exhibit NumberDescription
99.1
Press release of Ubiquiti Inc. dated May 8, 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 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, 2025, 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.
May 8, 2026 By: /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 May 8, 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
 
ubntlogo_jpga.jpg

UBIQUITI INC. REPORTS THIRD QUARTER FISCAL 2026 FINANCIAL RESULTS
~ Revenues of $788.2 million, up 18.7% YoY ~
~ GAAP Diluted Earnings Per Share of $3.86 ~

New York, NY - May 8, 2026 - Ubiquiti Inc. (NYSE: UI) ("Ubiquiti" or the "Company") today announced its financial results for the third quarter ended March 31, 2026.

Third Quarter Fiscal 2026 Financial Summary
•Revenues of $788.2 million
•GAAP diluted EPS of $3.86
•Non-GAAP diluted EPS of $3.88

Additional Financial Highlight

•The Company's Board of Directors declared a $0.80 per share cash dividend payable on May 26, 2026 to shareholders of record at the close of business on May 18, 2026.

Financial Highlights ($, in millions, except per share data)
Income statement highlightsF3Q26F2Q26F3Q25
Revenues788.2814.9664.2
Enterprise Technology717.9729.0585.7
Service Provider Technology70.385.978.4
Gross profit370.7374.0295.9
    Gross Profit (%)47.0%45.9%44.5%
Total Operating Expenses79.981.169.0
Income from Operations290.8292.9226.9
GAAP Net Income233.9233.6180.4
GAAP EPS (diluted)3.863.862.98
Non-GAAP Net Income235.1235.1181.8
Non-GAAP EPS (diluted)3.883.883.00


Ubiquiti Inc.
Revenues by Product Type
(In thousands)
(Unaudited)
 Three Months Ended March 31,Nine Months Ended March 31,
 2026202520262025
Enterprise Technology$717,850 $585,723 $2,103,988 $1,574,108 
Service Provider Technology70,349 78,447 232,851 240,285 
Total revenues$788,199 $664,170 $2,336,839 $1,814,393 

Ubiquiti Inc.
Revenues by Geographical Area
(In thousands)
(Unaudited)
 Three Months Ended March 31,Nine Months Ended March 31,
 2026202520262025
North America$410,206 $322,726 $1,236,598 $915,615 
Europe, the Middle East and Africa303,761 282,121 847,593 695,589 
Asia Pacific43,170 37,480 150,759 121,499 
South America31,062 21,843 101,889 81,690 
Total revenues$788,199 $664,170 $2,336,839 $1,814,393 

Income Statement Items
Revenues
In the third quarter of fiscal 2026, the Company reported revenues of $788.2 million. This figure represents a decrease from the prior quarter of 3.3% and an increase from the comparable prior year period of 18.7%.
The decrease in revenues compared to the prior quarter was driven by a decrease in revenue from both our Enterprise Technology and Service Provider Technology platforms and reflects the strong holiday webstore sales experienced in the second quarter of fiscal 2026.The increase in revenues compared to the comparable prior year period was primarily driven by an increase in revenues from our Enterprise Technology platform, offset in part by a decrease in revenues from our Service Provider Technology platform.
Gross Margins
During the third quarter fiscal 2026, GAAP gross profit was $370.7 million. The GAAP gross margin for the period was 47.0%, reflecting an improvement of 1.1% compared to the prior quarter's GAAP gross margin of 45.9% and an improvement of 2.5% over the comparable prior year period GAAP gross margin of 44.5%.
The increase in gross profit margin as compared to the prior quarter was primarily driven by favorable product mix and holiday pricing in the second quarter. The increase in gross profit margin as compared to the comparable prior year period was primarily driven by favorable product mix, reduced charges for excess and obsolete inventory, lower shipping costs and other indirect costs, offset in part by higher tariff costs.
Research and Development
During the third quarter fiscal 2026, research and development ("R&D") expenses were $51.8 million. This reflects an increase as compared to the R&D expenses of $50.8 million in the prior quarter and an increase as compared to the R&D expenses of $44.3 million in the comparable prior year period.
The increase in R&D expenses as compared to the prior quarter was primarily driven by higher employee-related expenses, software expenses and facility costs, offset in part by lower prototype-related expenses and depreciation. The increase in R&D expenses as compared to the comparable prior year period was primarily driven by higher employee-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 third quarter fiscal 2026 were $28.1 million. This reflects a decrease as compared to the SG&A expenses of $30.3 million in the prior quarter and an increase compared to the SG&A expenses of $24.8 million in the comparable prior year period.
The decrease in SG&A costs as compared to the prior quarter was primarily attributable to lower marketing expenses and a reduction in credit card processing fees associated with lower webstore sales, offset in part by higher professional fees. The increase in SG&A as compared to the comparable prior year period was primarily attributable to higher credit card processing fees associated with higher webstore sales, higher professional fees, software expenses, marketing expenses and employee-related expenses, offset in part by lower facility costs.
Interest Expense and Other, net
During the third quarter of fiscal 2026, the Company reported interest expense and other, net ("I&O") expenses totaling $0.7 million. This reflects a decrease as compared to the I&O expenses in the prior quarter of $1.6 million and a decrease as compared to the I&O expenses in the comparable prior year period of $5.4 million.

The decline in I&O expenses as compared to the prior quarter was primarily attributable to lower interest expense driven by a decrease in borrowings. As of March 2026, the Company repaid all of its outstanding debt. The decrease in I&O expenses as compared to the comparable prior year period was primarily due to lower interest expense driven by a decrease in borrowings and lower interest rates, offset in part by higher foreign exchange losses.
Net Income and Earnings Per Share
During the third quarter of fiscal 2026, GAAP net income was $233.9 million and non-GAAP net income was $235.1 million. This reflects an increase in GAAP net income and non-GAAP net income from the comparable prior year period by 29.6% and 29.3%, respectively. The primary factors contributing to this growth were higher revenues and increased gross profit. Third quarter fiscal 2026 GAAP earnings per diluted share was $3.86 and non-GAAP earnings per diluted share was $3.88. Both measures increased from the comparable prior year period, with GAAP and non-GAAP earnings per diluted share increasing by 29.5% and 29.3%, respectively.

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 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, 2025, 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 March 31,Nine Months Ended March 31,

2026202520262025
Revenues$788,199 $664,170 $2,336,839 $1,814,393 
Cost of revenues417,488 368,296 1,254,719 1,039,672 
Gross profit370,711 295,874 1,082,120 774,721 
Operating expenses:
Research and development51,813 44,262 151,202 122,217 
Sales, general and administrative28,077 24,751 85,475 77,626 
Total operating expenses79,890 69,013 236,677 199,843 
Income from operations290,821 226,861 845,443 574,878 
Interest expense and other, net661 5,420 5,431 27,437 
Income before income taxes290,160 221,441 840,012 547,441 
Provision for income taxes56,246 41,006 164,613 102,224 
Net income$233,914 $180,435 $675,399 $445,217 
Net income per share of common stock:
Basic$3.87 $2.98 $11.16 $7.36 
Diluted$3.86 $2.98 $11.15 $7.36 
Weighted average shares used in computing net income per share of common stock:
Basic60,521 60,490 60,506 60,477 
Diluted60,572 60,545 60,567 60,528 
Ubiquiti Inc.
Reconciliation of GAAP Net Income to Non-GAAP Net Income
(In thousands, except per share data)
(Unaudited)
 Three Months EndedNine Months Ended
March 31,
 March 31, 2026December 31, 2025March 31, 202520262025
Net Income$233,914 $233,610 $180,435 $675,399 $445,217 
Share-based compensation:
Cost of revenues59 72 62 201 173 
Research and development1,052 1,311 1,351 3,675 3,907 
Sales, general and administrative501 521 435 1,525 1,257 
Tax effect of Non-GAAP adjustment relating to Share-based compensation(385)(455)(454)(1,290)(1,310)
Non-GAAP net income$235,141 $235,059 $181,829 $679,510 $449,244 
Non-GAAP diluted EPS$3.88 $3.88 $3.00 $11.22 $7.42 
Shares outstanding (Diluted)60,572 60,566 60,545 60,567 60,528 
Weighted-average shares used in Non-GAAP diluted EPS60,572 60,566 60,545 60,567 60,528 
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; and
• Tax effect of non-GAAP adjustments, applying the principles of ASC 740

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

FAQ

How did Ubiquiti (UI) perform financially in Q3 fiscal 2026?

Ubiquiti reported solid Q3 fiscal 2026 results, with revenue of $788.2 million, up 18.7% year over year. GAAP net income reached $233.9 million and non-GAAP net income was $235.1 million, reflecting strong profitability and margin expansion versus the prior-year quarter.

What were Ubiquiti (UI) earnings per share for Q3 fiscal 2026?

Ubiquiti’s Q3 fiscal 2026 diluted EPS were strong, with GAAP diluted EPS of $3.86 and non-GAAP diluted EPS of $3.88. Both measures increased from $2.98–$3.00 in the prior-year quarter, driven by higher revenues and improved gross margins.

How did Ubiquiti (UI) revenues by segment trend in Q3 fiscal 2026?

Enterprise Technology drove most of Ubiquiti’s growth. In Q3 fiscal 2026, Enterprise Technology revenue was $717.9 million versus $585.7 million a year earlier, while Service Provider Technology revenue declined to $70.3 million from $78.4 million, resulting in total revenue of $788.2 million.

What dividend did Ubiquiti (UI) declare with its Q3 fiscal 2026 results?

Ubiquiti’s Board declared a quarterly cash dividend of $0.80 per share. The dividend is payable on May 26, 2026 to shareholders of record at the close of business on May 18, 2026, continuing the company’s practice of returning cash to shareholders.

Has Ubiquiti (UI) reduced its debt as of Q3 fiscal 2026?

Ubiquiti significantly reduced financing costs by eliminating debt. During the third quarter of fiscal 2026, interest expense and other, net fell to $0.7 million, and the company repaid all of its outstanding debt by March 2026, strengthening its balance sheet.

How are Ubiquiti (UI) revenues distributed across regions in Q3 fiscal 2026?

Ubiquiti’s revenue is geographically diversified. For the quarter ended March 31, 2026, revenue was $410.2 million from North America, $303.8 million from Europe, the Middle East and Africa, $43.2 million from Asia Pacific, and $31.1 million from South America, totaling $788.2 million.

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