Core Insights - Ubiquiti, Inc. reported strong first-quarter fiscal 2026 results, with both revenue and net income exceeding Zacks Consensus Estimates, driven by robust demand in the Enterprise Technology segment [1][9] Financial Performance - Net income on a GAAP basis was $207.9 million or $3.43 per share, up from $128 million or $2.12 in the same quarter last year, reflecting solid top-line growth despite higher operating expenses [2] - Non-GAAP net income was $209.3 million or $3.46 per share, compared to $129.3 million or $2.14 in the prior-year quarter, beating the Zacks Consensus Estimate by 98 cents [2] Revenue Breakdown - Total net sales increased to $733.8 million from $550.3 million year-over-year, surpassing the consensus estimate by $51 million [3][9] - The Enterprise Technology segment generated $657.1 million in revenues, up from $470.2 million in the prior-year quarter, exceeding the estimate of $582.4 million [3] - Service Provider Technology revenues were $76.6 million, down from $80.2 million in the year-ago quarter, primarily due to weakness in South America, Asia Pacific, and North America [4] Regional Performance - North America revenues reached $382.8 million, compared to $271.2 million in the year-ago quarter [5] - EMEA revenues totaled $263.1 million, up from $204.9 million [5] - Asia Pacific revenues increased to $53.1 million from $40.9 million [5] - South America revenues were $34.7 million, slightly up from $33.3 million a year ago [5] Profitability Metrics - Gross profit for the quarter was $337.4 million, with a margin of 46%, compared to $231.6 million and a margin of 42.1% in the prior year [6] - Operating income rose to $261.7 million from $169.2 million year-over-year [7] Cash Flow and Liquidity - Ubiquiti generated $198.5 million in cash from operating activities, down from $233.7 million in the prior-year quarter [8] - As of September 30, 2025, the company had $177.2 million in cash and cash equivalents, with $29 million in other long-term liabilities [8]