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Mar 31, 2023

Ubiquiti Q3 2023 Earnings Report

Ubiquiti's financial performance increased compared to the prior year, driven by enterprise technology.

Key Takeaways

Ubiquiti Inc. reported revenues of $457.8 million for the third quarter of fiscal year 2023, representing a 27.8% increase compared to the same period last year. GAAP diluted EPS was $1.63, and non-GAAP diluted EPS was $1.65. The company's Board of Directors declared a $0.60 per share cash dividend.

Revenues reached $457.8 million.

GAAP diluted EPS was $1.63.

Non-GAAP diluted EPS was $1.65.

The Board of Directors declared a $0.60 per share cash dividend.

Total Revenue
$458M
Previous year: $358M
+27.8%
EPS
$1.65
Previous year: $0.83
+98.8%
Gross Profit (%)
41.2%
Previous year: 32.4%
+27.2%
Research and Development
$38.2M
Previous year: $35.3M
+8.2%
SG&A Expense
$16.7M
Previous year: $18.2M
-8.2%
Gross Profit
$189M
Previous year: $116M
+62.5%
Cash and Equivalents
$153M
Previous year: $144M
+5.7%
Free Cash Flow
-$164M
Previous year: $99.6M
-265.1%
Total Assets
$1.38B
Previous year: $760M
+81.0%

Ubiquiti

Ubiquiti

Ubiquiti Revenue by Segment

Ubiquiti Revenue by Geographic Location

Forward Guidance

The press release does not contain any forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income