Ubiquiti Inc. (NYSE: UI) today announced its financial results for the first quarter ended September 30, 2025.
Revenues for the first quarter of fiscal 2026 were $733.8 million, representing a decrease from the prior quarter of 3.3% and an increase from the comparable prior year period of 33.3%.
During the first quarter of fiscal 2026, GAAP gross profit was $337.4 million. GAAP gross margin of 46.0% increased by 0.9% as compared to the prior quarter GAAP gross margin of 45.1% and increased by 3.9% as compared to the comparable prior year period GAAP gross margin of 42.1%.
Q1 GAAP net income was $207.9 million and non-GAAP net income was $209.3 million. This reflects an increase in GAAP net income and non-GAAP net income from the comparable prior year period by 62.4% and 61.9%, respectively, primarily driven by higher revenues and gross profit.
First-quarter fiscal 2026 GAAP earnings per diluted share was $3.43 and non-GAAP earnings per diluted share was $3.46.
Ubiquiti Inc., according to this morning’s news release, “is focused on democratizing network technology on a global scale — creating networking infrastructure in over 200 countries and territories around the world.”
UI shares stumbled $128.41, or 16.9%, to $631.16.
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