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Sep 30, 2023
Ubiquiti Q1 2024 Earnings Report
Ubiquiti's financial performance declined compared to the previous quarter and year, with revenue and EPS decreasing.
Key Takeaways
Ubiquiti reported revenues of $463.1 million and a GAAP EPS of $1.45 for Q1 2024. Revenue decreased by 7.0% compared to the same period last year, primarily driven by a decrease in the Enterprise Technology platform. Gross margin increased year-over-year due to lower shipping and component costs and product mix.
Revenues decreased to $463.1 million, a 7.0% decrease year-over-year.
GAAP diluted EPS was reported at $1.45.
Non-GAAP diluted EPS reached $1.47.
Gross margin increased to 39.7%, up 5.3% compared to the prior year.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements regarding the company's future financial performance and intention to pay quarterly cash dividends, which are subject to risks and uncertainties.
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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