Welcome to our dedicated page for Ubiquiti news (Ticker: UI), a resource for investors and traders seeking the latest updates and insights on Ubiquiti stock.
Ubiquiti Inc (UI) provides cutting-edge wireless and wireline networking solutions for service providers and enterprises worldwide. This news hub offers investors and technology professionals centralized access to official corporate announcements, financial disclosures, and strategic developments.
Track Ubiquiti's latest earnings reports, product launches, and technology partnerships through verified press releases and market analyses. Our curated collection serves as a strategic resource for monitoring the company's progress in delivering cost-effective connectivity solutions across North America, EMEA, and APAC regions.
Key updates include developments in Enterprise Technology platforms and Service Provider innovations, reflecting Ubiquiti's dual focus areas. Users gain insights into network equipment advancements and market expansion strategies that drive the company's disruptive approach to connectivity infrastructure.
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Ubiquiti Inc. (NYSE: UI) reported second quarter fiscal 2023 results with revenues of $493.6 million, marking a 0.9% decrease from the previous quarter yet a 14.4% increase year-over-year. GAAP diluted earnings per share (EPS) stood at $1.86, reflecting a 12.0% increase compared to the prior year. The company's board declared a $0.60 cash dividend per share, payable on February 21, 2023. Gross profit reached $197.6 million, with a gross margin of 40.0%. R&D and SG&A expenses increased to $33.8 million and $18.6 million respectively. Supply constraints continue to pose risks, potentially impacting inventory and costs.
Ubiquiti reported Q1 fiscal 2023 revenues of $498.1 million, a rise of 12.4% from the previous quarter and 8.5% year-over-year, driven mainly by the Enterprise Technology segment. GAAP diluted EPS stood at $1.54, reflecting a 27% decline compared to the same period last year. The company announced a cash dividend of $0.60 per share, payable on November 21, 2022. However, gross margins decreased significantly to 34.4%, attributed to higher costs and supply chain issues, particularly affecting the Service Provider Technology segment.
Ubiquiti reported Q4 fiscal 2022 revenues of $443.1 million, down 7.3% YoY but up 23.8% sequentially. GAAP EPS was $1.53 and non-GAAP EPS was $1.54. For full year fiscal 2022, revenues totaled $1.7 billion, reflecting a 10.9% decline from the previous fiscal year. Gross profit was $169.6 million with a GAAP gross margin of 38.3%. The company attributed revenue declines to supply chain disruptions and rising costs but announced a cash dividend of $0.60 per share.
Ubiquiti Inc. (NYSE: UI) reported third quarter fiscal 2022 revenues of $358.1 million, a 23.4% decline from the previous year. The company achieved a GAAP diluted EPS of $0.82, marking a decrease of 64.7% year-over-year. The decline is attributed to supply chain disruptions from COVID-19 and global component shortages, adversely affecting both Enterprise and Service Provider Technology revenues. Despite challenges, Ubiquiti repurchased 1.26 million shares at an average price of $272.50 and declared a $0.60 dividend.
Ubiquiti Inc. reported Q2 fiscal 2022 revenues of $431.6 million, a 10% decrease year-over-year, alongside a GAAP EPS of $1.66, reflecting a 34.6% decline from the previous year. The company bought back 434,271 shares at an average price of $297.15. Challenges stemmed from global component shortages affecting order fulfillment and gross margins, which dropped to 40.5%. Ubiquiti anticipates ongoing negative impacts from supply chain issues due to the COVID-19 pandemic.
Ubiquiti announced its financial results for Q1 FY2022, reporting revenues of $458.9 million, a 4.0% drop from the previous quarter and a 3.1% decrease year-over-year. GAAP diluted EPS stood at $2.11, down 13.4% from the prior year. The decline in revenue stemmed primarily from the Service Provider segment due to supply chain disruptions and rising logistics costs. Gross profit was $209.5 million, with a gross margin of 45.6%, reflecting a 2.5% decline compared to last year. The company also repurchased shares and declared a $0.60 dividend per share.
Ubiquiti reported Q4 fiscal 2021 revenues of $477.9 million, up 51.5% year-over-year, and a full-year revenue of $1.9 billion, a 47.8% increase. GAAP EPS for Q4 was $2.46 (+69.7% YOY) and $9.78 for the full year (+68.6% YOY). The company repurchased 234,052 shares at an average of $286.75 per share. Despite strong financial performance, Ubiquiti faces ongoing supply chain disruptions due to COVID-19 which may impact future results.
Ubiquiti reported strong financial results for Q3 FY2021, with revenues reaching $467.2 million, marking a 38.5% increase year-over-year. The GAAP diluted EPS was $2.32, up 45.0%, while the non-GAAP diluted EPS hit $2.30, increasing 42.9% from the previous year. The company also amended its credit facility, securing a $500 million term loan and $700 million revolving credit. Additionally, a $0.40 per share cash dividend was announced, payable on May 24, 2021.
Ubiquiti Inc. (NYSE: UI) reported strong financial results for the second quarter of fiscal 2021, ending December 31, 2020. Revenues soared to $479.4 million, up 55.5% year-over-year, while GAAP diluted EPS reached $2.54, marking a 92.4% increase. The company repurchased 309,133 shares at an average price of $178.11 per share. A dividend of $0.40 per share was declared, payable February 22, 2021. Despite supply chain disruptions due to COVID-19, Ubiquiti's net income nearly doubled compared to the prior year, signaling robust business resilience.
Ubiquiti announced its Q1 fiscal 2021 results, reporting revenues of $473.5 million, a 46.5% year-over-year increase. The company's GAAP diluted EPS rose to $2.46, up 72.0% from the previous year. Ubiquiti repurchased 602,003 shares at an average price of $162.10 and declared a $0.40 dividend payable on November 23, 2020. Despite disruptions from COVID-19 impacting supply chains, revenues increased due to higher direct-to-consumer sales and distributor orders, contributing to a gross margin of 48.2%.
