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Dec 31, 2022
Ubiquiti Q2 2023 Earnings Report
Ubiquiti's financial performance for the second quarter of fiscal year 2023, ended December 31, 2022, was reported.
Key Takeaways
Ubiquiti Inc. reported revenues of $493.6 million and a GAAP diluted EPS of $1.86 for Q2 fiscal year 2023. The revenues increased by 14.4% compared to the same period last year, driven primarily by the Enterprise Technology platform. GAAP net income was $112.2 million, an increase of 8.3% year-over-year.
Revenues reached $493.6 million.
GAAP diluted EPS was $1.86.
Non-GAAP diluted EPS was $1.87.
The Board of Directors declared a cash dividend of $0.60 per share.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The press release contains forward-looking statements regarding the impact of COVID-19, supply constraints, inventory balance and costs of finished goods and components, product design modifications, logistics related costs and delays, and intentions to pay quarterly cash dividends.
Challenges Ahead
- Impact of public health problems, such as COVID-19, and U.S. tariffs on results
- Fluctuations in operating results
- Varying demand for products due to the financial and operating condition of distributors and their customers, and distributors’ inventory management practices
- Political and economic conditions and volatility affecting the stability of business environments, economic growth, currency values, commodity prices and other factors that may influence the ultimate demand for products in particular geographies or globally
- Impact of counterfeiting and ability to contain such impact
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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