Ubiquiti(US:UI) Businesswire·2025-11-07 12:06Core Insights - Ubiquiti Inc. reported revenues of $733.8 million for the first quarter of fiscal 2026, marking a 3.3% decrease from the previous quarter but a 33.3% increase year-over-year [8][9][18] - The company declared a cash dividend of $0.80 per share, payable on November 24, 2025 [2] Financial Performance - Revenues breakdown: - Enterprise Technology: $657.1 million (up from $470.2 million year-over-year) - Service Provider Technology: $76.6 million (down from $80.2 million year-over-year) [3][4] - Gross profit was $337.4 million with a gross margin of 46.0%, an increase from 45.1% in the previous quarter and 42.1% year-over-year [10][11] - Operating expenses totaled $75.7 million, leading to income from operations of $261.7 million [3][25] Net Income and Earnings - GAAP net income was $207.9 million, reflecting a 62.4% increase year-over-year, with GAAP diluted EPS at $3.43 [18][25] - Non-GAAP net income was $209.3 million, with non-GAAP diluted EPS at $3.46, also showing significant year-over-year growth [18][26] Research and Development - R&D expenses were $48.5 million, up from $38.0 million year-over-year, driven by higher employee-related costs [12][13] Sales, General and Administrative Expenses - SG&A expenses were $27.1 million, a decrease from the previous quarter but an increase from the same period last year [14][15] Interest Expense - Interest expense and other net expenses were $3.2 million, consistent with the previous quarter and a decrease from $10.6 million year-over-year [16][17] Revenue by Geography - North America: $382.8 million (up from $271.2 million year-over-year) - Europe, the Middle East, and Africa: $263.1 million (up from $204.9 million year-over-year) - Asia Pacific: $53.1 million (up from $40.9 million year-over-year) - South America: $34.7 million (up from $33.3 million year-over-year) [7][8]