Barclays Updates Ubiquiti Inc. (UI) Outlook After Q2 Results

Core Insights - Ubiquiti Inc. is recognized as one of the 12 Unstoppable Dividend Stocks to buy according to analysts [1] - Barclays analyst Tim Long raised the price target for Ubiquiti from $455 to $527 while maintaining an Underweight rating following the fiscal Q2 report [2] Financial Performance - For fiscal Q2 2026, Ubiquiti reported revenue of $814.8 million, reflecting a 35.8% increase year-over-year, driven by growth in the Enterprise Technology and Service Provider Technology platforms [3] - Research and development expenses for the quarter were $50.8 million, up from $48.5 million in the previous quarter and $40.0 million in the same quarter last year, primarily due to higher prototype-related costs and employee-related expenses [4] - Sales, general, and administrative expenses reached $30.3 million, compared to $27.1 million in the previous quarter and $28.5 million in the same quarter last year [5] Company Overview - Ubiquiti Inc. develops technology platforms aimed at distributed internet access, unified information technology, and consumer electronics for professional, home, and personal use, focusing on high-performance networking technology for enterprises, service providers, and consumers [6]