01—Abstract
Summary
Summary of the 8-K filed February 6, 2026. Cited figures are marked; the original filing is the authoritative source.
Ubiquiti Inc. (NYSE: UI) reported results for the fiscal second quarter ended December 31, 2025, in a press release furnished as Exhibit 99.1 to this Form 8-K dated February 6, 2026.
Revenues were $814.9 milliona, up from $599.9 million in the comparable prior-year quarter and from $733.8 million in the prior quarter. Enterprise Technology revenue was $729.0 million and Service Provider Technology revenue was $85.9 million. Gross profit was $374.0 million, a GAAP gross margin of 45.9%.
Income from operations was $292.9 millionb, and GAAP net income was $233.6 million, or $3.86 per diluted share, compared with $3.43 per diluted share in the prior quarter. Non-GAAP diluted EPS was $3.88. Operating expenses were $81.1 million, including R&D of $50.8 million and SG&A of $30.3 million.
Management attributed the gross margin change versus the prior year mainly to favorable product mix, lower shipping costs, and lower excess and obsolete inventory charges, partly offset by higher tariff costs. Interest expense and other, net fell to $1.6 millionc from $11.4 million a year earlier, reflecting lower borrowings and interest rates.
The Board declared a cash dividend of $0.80d per share, payable February 23, 2026 to shareholders of record at the close of business on February 17, 2026. The filing states that the information in Item 2.02 and Exhibit 99.1 is furnished rather than filed under the Exchange Act.
02—Key points
Key Highlights
- Revenue of $814.9 million, up from $599.9 million a year earlier and $733.8 million in the prior quarter; Enterprise Technology contributed $729.0 million.
- GAAP gross margin of 45.9%, compared with 46.0% in the prior quarter and 41.2% in the prior-year quarter.
- GAAP net income of $233.6 million ($3.86 per diluted share) versus $136.8 million ($2.26 per diluted share) a year earlier; non-GAAP diluted EPS was $3.88.
- Income from operations of $292.9 million, up from $178.8 million in the prior-year quarter.
- Interest expense and other, net decreased to $1.6 million from $11.4 million a year earlier, citing lower borrowings and lower interest rates.
- Board declared a $0.80 per share cash dividend, payable February 23, 2026 to holders of record on February 17, 2026.
- Six-month revenue of $1.55 billion versus $1.15 billion in the prior-year period; six-month GAAP diluted EPS was $7.29.
03—Questions
Frequently Asked Questions
How did Ubiquiti perform in the fiscal second quarter ended December 31, 2025?
Revenue was $814.9 million, GAAP net income was $233.6 million, and GAAP diluted EPS was $3.86. Compared with the prior-year quarter, revenue rose from $599.9 million and GAAP diluted EPS rose from $2.26.
What drove changes in gross margin?
Compared with the prior year, the filing attributes the gross margin improvement mainly to favorable product mix, lower shipping costs, and lower excess and obsolete inventory charges, partly offset by higher tariff costs. Versus the prior quarter, the marginal decline was driven by product mix, holiday pricing, and higher shipping costs, offset in part by lower other indirect costs.
What is the dividend announced with these results?
The Board declared a $0.80 per share cash dividend payable February 23, 2026 to shareholders of record at the close of business on February 17, 2026.
How did operating expenses change?
R&D expenses were $50.8 million, up from $40.0 million a year earlier, mainly due to higher employee-related and prototype-related expenses. SG&A was $30.3 million, up from $28.5 million, mainly due to higher marketing expenses and webstore credit card processing fees.
What is the difference between GAAP and non-GAAP results?
Non-GAAP net income of $235.1 million excludes share-based compensation, net of its tax effect. Non-GAAP diluted EPS was $3.88 compared with GAAP diluted EPS of $3.86.
04—Continue