01—Abstract
Summary
Summary of the 8-K filed August 21, 2026. Cited figures are marked; the original filing is the authoritative source.
Ubiquiti Inc. (NYSE: UI) reported fourth-quarter fiscal 2026 results for the quarter ended June 30, 2026, with revenues of $937.3 milliona, a record according to the press release headline.
Revenues rose 18.9% from the prior quarter and 23.5% from the comparable prior-year quarter, driven by Enterprise Technology ($868.3 millionb, versus $680.1 million a year earlier). Service Provider Technology revenue declined to $69.0 million from $79.0 million. Fourth-quarter GAAP gross margin was 45.8%, down from 47.0% in the prior quarter but up from 45.1% a year earlier.
GAAP diluted EPS was $4.70c and non-GAAP diluted EPS was $4.73. For full fiscal 2026, revenues were $3.3 billion (up 27.2%), GAAP diluted EPS was $15.85, and non-GAAP diluted EPS was $15.95. The company stated that management expects component costs may continue to rise and availability may remain constrained, which could pressure gross margins in the near term.
The prior-year fourth-quarter GAAP results included an $8.5 milliond income tax benefit, and the release notes that the comparable prior-year GAAP figures benefited from a $53.7 million deferred tax asset from an intercompany intangibles transfer, which is excluded from non-GAAP results. Capital return items were also disclosed.
The Board declared a $1.00 per share cash dividend payable September 8, 2026, to holders of record on August 31, 2026, and the company intends to pay quarterly dividends of at least $1.00 per share in each quarter of fiscal 2027, subject to Board determination. Separately, the Board extended the expiration of its $500 million stock repurchase program from September 30, 2026 to September 30, 2027.
02—Key points
Key Highlights
- Q4 FY2026 revenues of $937.3 million, up 18.9% from the prior quarter and 23.5% from the prior-year quarter, with Enterprise Technology at $868.3 million.
- Full fiscal 2026 revenues of $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.
- Q4 GAAP gross margin of 45.8%, compared with 47.0% in the prior quarter and 45.1% in the prior-year quarter; management cited higher component costs and shipping costs against the prior quarter.
- Q4 GAAP net income of $284.9 million and non-GAAP net income of $286.5 million; GAAP diluted EPS of $4.70 versus $4.41 a year earlier.
- Service Provider Technology revenue fell to $69.0 million from $79.0 million in the prior-year quarter.
- Board declared a $1.00 per share cash dividend payable September 8, 2026 (record date August 31, 2026), and intends to pay at least $1.00 per share quarterly during fiscal 2027.
- The $500 million stock repurchase program was extended to September 30, 2027 from its prior September 30, 2026 expiration.
03—Questions
Frequently Asked Questions
How did Ubiquiti perform in the fourth quarter of fiscal 2026?
Revenues were $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. Revenue growth came mainly from Enterprise Technology, partly offset by lower Service Provider Technology revenue.
What drove changes in gross margin?
Q4 GAAP gross margin was 45.8%, down from 47.0% in the prior quarter, which the company attributed mainly to higher component and shipping costs, partly offset by lower other indirect costs. Compared with the prior-year quarter's 45.1%, the margin increased, primarily due to lower other indirect costs, partly offset by unfavorable product mix, higher shipping costs and higher component costs.
Why do GAAP and non-GAAP EPS differ, and what affects the year-over-year comparison?
Non-GAAP results exclude share-based compensation and the tax effects of those adjustments. The prior-year fourth quarter GAAP results included a $53.7 million deferred tax asset from an intercompany intangibles transfer, which the company excluded from non-GAAP results, so the prior-year non-GAAP EPS of $3.54 is not directly comparable to its GAAP EPS of $4.41.
What is the dividend and buyback outlook?
The Board declared a $1.00 per share dividend payable September 8, 2026, to holders of record on August 31, 2026. The company intends to pay quarterly dividends of at least $1.00 per share in each quarter of fiscal 2027, though each payment is subject to Board review. The $500 million repurchase program was extended through September 30, 2027.
What risks did management highlight for future results?
Management said component costs may continue to rise and availability may remain constrained, which could pressure gross margins in the near term and limit the ability to meet customer demand. The forward-looking statements also cite U.S. tariffs, reliance on a limited number of distributors, dependence on chipset suppliers, and export control and sanctions laws.
04—Continue