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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.
Ubiquiti
Ubiquiti
Ubiquiti Revenue by Segment
Ubiquiti Revenue by Geographic Location
Revenue by Segment
Enterprise Technology Revenue
CapyFin.comService Provider Tech Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Pacific Revenue
CapyFin.comSouth America Revenue
CapyFin.com 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