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Sep 30, 2022
Ubiquiti Q1 2023 Earnings Report
Reported an increase in revenue driven by the Enterprise Technology platform, but gross margins decreased due to product mix and higher costs.
Key Takeaways
Ubiquiti Inc. announced its financial results for the first quarter fiscal year 2023. Revenues were $498.1 million, GAAP diluted EPS was $1.54, and non-GAAP diluted EPS was $1.55. The increase in revenue was primarily driven by the Enterprise Technology platform, while the Service Provider Technology platform declined.
Revenues reached $498.1 million.
GAAP diluted EPS was $1.54.
Non-GAAP diluted EPS was $1.55.
Gross margin decreased to 34.4%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The company's future results are dependent on their ability to procure components and services and they expect the company's results to be negatively impacted until the ongoing supply chain and logistics issues caused by the global component supply shortage and the COVID-19 pandemic are resolved.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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