How did Ubiquiti perform in the fiscal third quarter ended March 31, 2026?

Revenue was $788.2 million, up 18.7% from the year-earlier quarter but down 3.3% from the prior quarter. GAAP net income was $233.9 million and GAAP diluted EPS was $3.86, compared with $2.98 a year earlier.

What drove the change in gross margin?

GAAP gross margin rose to 47.0% from 45.9% in the prior quarter and 44.5% a year earlier. The filing cites favorable product mix, reduced charges for excess and obsolete inventory, and lower shipping and other indirect costs, partly offset by higher tariff costs.

Is the dividend changing and when is it paid?

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

How did the company's debt position change?

The filing states that the company repaid all of its outstanding debt as of March 2026. Interest expense and other, net fell to $0.7 million in the quarter from $5.4 million in the year-earlier quarter, which the filing attributes to lower borrowings and lower interest rates, partly offset by higher foreign exchange losses.

Which product platform and region drove revenue?

Enterprise Technology drove the year-over-year increase, with revenue of $717.9 million versus $585.7 million, while Service Provider Technology fell to $70.3 million from $78.4 million. North America revenue was $410.2 million, up from $322.7 million a year earlier.

UI 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed May 8, 2026. Cited figures are marked; the original filing is the authoritative source.

Ubiquiti Inc. reported results for its fiscal third quarter ended March 31, 2026, with revenues of $788.2 million^a, up 18.7% year over year but down 3.3% from the prior quarter.

Enterprise Technology drove the annual growth, with revenue of $717.9 million^b versus $585.7 million a year earlier, while Service Provider Technology revenue fell to $70.3 million from $78.4 million. North America was the largest region at $410.2 million, up from $322.7 million. Profitability improved over both comparison periods.

GAAP gross margin was 47.0%, compared with 45.9% in the prior quarter and 44.5% in the year-earlier quarter, and the filing attributes the year-over-year gain mainly to favorable product mix, lower excess and obsolete inventory charges, and lower shipping and other indirect costs, partly offset by higher tariff costs. Income from operations was $290.8 million^c. GAAP net income was $233.9 million and GAAP diluted EPS was $3.86, up 29.6% and 29.5% respectively from the prior year.

Non-GAAP diluted EPS was $3.88^d. The Board declared a $0.80 per share cash dividend payable May 26, 2026 to holders of record on May 18, 2026.

The filing also states that the company repaid all of its outstanding debt as of March 2026, which reduced interest expense and other, net to $0.7 million for the quarter. Nine-month revenue was $2.34 billion and nine-month GAAP diluted EPS was $11.15.

02—Key points

Key Highlights

Q3 FY2026 revenue of $788.2 million, up 18.7% year over year but down 3.3% from the prior quarter, which had benefited from strong holiday webstore sales.
Enterprise Technology revenue rose to $717.9 million from $585.7 million a year earlier, while Service Provider Technology declined to $70.3 million from $78.4 million.
GAAP gross margin of 47.0%, up from 45.9% in the prior quarter and 44.5% a year earlier, driven by product mix and lower excess and obsolete inventory charges, partly offset by higher tariff costs.
GAAP net income of $233.9 million, up 29.6% year over year, with GAAP diluted EPS of $3.86 and non-GAAP diluted EPS of $3.88.
Board declared a $0.80 per share quarterly cash dividend, payable May 26, 2026 to shareholders of record on May 18, 2026.
All outstanding debt was repaid as of March 2026, lowering interest expense and other, net to $0.7 million from $5.4 million a year earlier.
Nine-month revenue of $2.34 billion and nine-month GAAP diluted EPS of $11.15, compared with $1.81 billion and $7.36 in the prior-year period.

03—Questions

Frequently Asked Questions

How did Ubiquiti perform in the fiscal third quarter ended March 31, 2026?
Revenue was $788.2 million, up 18.7% from the year-earlier quarter but down 3.3% from the prior quarter. GAAP net income was $233.9 million and GAAP diluted EPS was $3.86, compared with $2.98 a year earlier.
What drove the change in gross margin?
GAAP gross margin rose to 47.0% from 45.9% in the prior quarter and 44.5% a year earlier. The filing cites favorable product mix, reduced charges for excess and obsolete inventory, and lower shipping and other indirect costs, partly offset by higher tariff costs.
Is the dividend changing and when is it paid?
The Board declared a cash dividend of $0.80 per share, payable May 26, 2026 to shareholders of record at the close of business on May 18, 2026.
How did the company's debt position change?
The filing states that the company repaid all of its outstanding debt as of March 2026. Interest expense and other, net fell to $0.7 million in the quarter from $5.4 million in the year-earlier quarter, which the filing attributes to lower borrowings and lower interest rates, partly offset by higher foreign exchange losses.
Which product platform and region drove revenue?
Enterprise Technology drove the year-over-year increase, with revenue of $717.9 million versus $585.7 million, while Service Provider Technology fell to $70.3 million from $78.4 million. North America revenue was $410.2 million, up from $322.7 million a year earlier.

04—Continue

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