Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-35300 UBIQUITI INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of inc ...

Ubiquiti Inc. (UI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Th ...

Shares of Ubiquiti Inc. (UI) have surged 214.5% over the past year, driven by an accretive customer base and healthy revenues on the back of a flexible business model. With healthy fundamentals, this Zacks Rank #2 (Buy) wireless equipment manufacturer appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment ResearchFactors Propelling UIUbiquiti offers a comprehensive portfolio of networking products ...

Company Overview - Ubiquiti Inc. (UI) shares increased by 8.6% to $393.63 in the last trading session, with a higher-than-average trading volume, compared to a 3.8% gain over the past four weeks [1] - The company has invested significantly in inventory to reduce lead times and meet increasing demand, optimizing its inventory with market demand [3] Financial Performance - Ubiquiti is expected to report quarterly earnings of $1.71 per share, reflecting a year-over-year increase of 23.9% [3] - Revenue for the upcoming quarter is projected to be $516.09 million, which is an 11% increase from the same quarter last year [3] Market Position - Ubiquiti has a proprietary network communication platform that effectively meets end-market customer needs and is focused on reducing operational costs through a self-sustaining mechanism [2] - The stock currently holds a Zacks Rank of 1 (Strong Buy), indicating strong market confidence [5] Industry Context - Ubiquiti operates within the Zacks Wireless Equipment industry, where another competitor, Motorola (MSI), has a Zacks Rank of 2 (Buy) and reported a 0.9% increase in its stock price [5][6] - The consensus EPS estimate for Motorola has remained unchanged, showing a year-over-year decline of 1.3% [6]

Shares of Ubiquiti Inc. (UI) have surged 146.3% over the past year, driven by an accretive customer base and healthy revenues on the back of a flexible business model. With healthy fundamentals, this Zacks Rank #1 (Strong Buy) wireless equipment manufacturer appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.Image Source: Zacks Investment ResearchKey Growth Drivers for UIUbiquiti offers a comprehensive portfolio of networking products an ...

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Shares of Ubiquiti Inc. (UI) have surged 222.8% over the past year, driven by an accretive customer base and healthy revenues on the back of a flexible business model. With healthy fundamentals, this Zacks Rank #1 (Strong Buy) wireless equipment manufacturer appears to be a solid investment option at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.Image Source: Zacks Investment ResearchKey Growth Drivers of UIWith the wide proliferation of the Internet and exponential growth i ...

Core Insights - Ubiquiti, Inc. reported strong first-quarter fiscal 2025 results, with both revenue and net income exceeding Zacks Consensus Estimates, driven by robust demand in the Enterprise Technology segment [1][2] Financial Performance - Net income on a GAAP basis was $128 million or $2.12 per share, up from $87.8 million or $1.45 per share in the same quarter last year, reflecting solid top-line growth despite higher operating expenses [2] - Non-GAAP net income for the quarter was $129.3 million or $2.14 per share, compared to $88.9 million or $1.47 per share in the prior year, beating the consensus estimate of $1.77 [2] Revenue Breakdown - Total net sales increased to $550.3 million from $463.1 million year-over-year, surpassing the consensus estimate by $15 million [3] - The Enterprise Technology segment generated $470.2 million in revenues, up from $380.1 million in the prior year, exceeding the estimate of $438.1 million [3] - Service Provider Technology revenues were $80.2 million, down from $83 million in the year-ago quarter, primarily due to soft demand in North America and EMEA, but still beating the revenue estimate of $78.9 million [4] Regional Performance - North America revenues reached $271.2 million, up from $224.8 million year-over-year [5] - EMEA revenues increased to $204.9 million from $172.4 million [5] - Asia Pacific revenues rose to $40.9 million from $36.1 million [5] - South America revenues were $33.3 million, up from $29.8 million a year ago [5] Profitability Metrics - Gross profit for the quarter was $231.6 million, compared to $183.9 million in the prior year, with gross margins improving to 42.1% from 39.7% [6] - Operating income increased to $169.2 million from $128.3 million in the previous year [7] Cash Flow and Liquidity - Ubiquiti generated $233.7 million in cash from operating activities, significantly up from $67.7 million in the prior year [8] - As of September 30, 2024, the company had $165.2 million in cash and cash equivalents, with long-term debt of $527.2 million [8]

Ubiquiti Inc. (UI) came out with quarterly earnings of $2.14 per share, beating the Zacks Consensus Estimate of $1.77 per share. This compares to earnings of $1.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.90%. A quarter ago, it was expected that this computer networking company would post earnings of $1.67 per share when it actually produced earnings of $1.74, delivering a surprise of 4.19%.Over the last four quarter ...

Financial Performance - Revenues for Q1 Fiscal 2025 reached $550.3 million, an increase of 8.5% from the prior quarter and 18.8% year-over-year [5]. - GAAP diluted EPS for Q1 Fiscal 2025 was $2.12, reflecting a 46.2% increase compared to the same period last year [15]. - Gross profit for Q1 Fiscal 2025 was $231.6 million, with a gross margin of 42.1%, up from 40.2% in the prior quarter [7]. - Enterprise Technology revenues were $470.2 million, a 9.0% increase from the prior quarter and a 23.7% increase year-over-year [2]. - Non-GAAP net income for Q1 Fiscal 2025 was $129.3 million, representing a 45.4% increase from the prior year [15]. Expenses - Research and Development expenses decreased to $38.0 million from $44.1 million in the prior quarter, but increased from $36.3 million year-over-year [9]. - Sales, General and Administrative expenses rose to $24.4 million, up from $21.7 million in the prior quarter and $19.3 million year-over-year [11]. - Interest expense decreased to $10.6 million, down from $16.8 million in the prior quarter and $21.2 million year-over-year [13]. Dividends and Shareholder Returns - The Company declared a cash dividend of $0.60 per share, payable on November 25, 2024 [2]. Non-GAAP Financial Measures - The company emphasizes the importance of non-GAAP net income and non-GAAP earnings per diluted share as key indicators for evaluating financial performance and planning future periods [24]. - Non-GAAP net income excludes share-based compensation expense and the tax effect of non-GAAP adjustments, providing a clearer view of operational performance [26]. - Management believes that non-GAAP financial measures facilitate comparability of operating performance across different periods [25]. - The company provides non-GAAP financial information to help investors analyze operating results similarly to management's approach [25]. - Non-GAAP measures are not a substitute for GAAP measures and may differ significantly from those used by other companies [26]. - Limitations of non-GAAP financial measures include the exclusion of certain items that could materially impact reported financial results [26]. - A reconciliation of GAAP net income to non-GAAP net income is available for further details on adjustments made [27]. Company Operations - Ubiquiti operates in over 200 countries, focusing on democratizing network technology globally [16].