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Mar 31, 2024

Ubiquiti Q3 2024 Earnings Report

Ubiquiti reported financial results for the third quarter ended March 31, 2024.

Key Takeaways

Ubiquiti Inc. announced its Q3 fiscal year 2024 financial results, with revenues of $493.0 million and a GAAP diluted EPS of $1.26. The company's Board of Directors declared a $0.60 per share cash dividend.

Revenues for Q3 2024 were $493.0 million, an increase of 7.7% compared to the same period last year.

GAAP diluted EPS for Q3 2024 was $1.26.

Non-GAAP diluted EPS for Q3 2024 was $1.28.

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

Total Revenue
$493M
Previous year: $458M
+7.7%
EPS
$1.28
Previous year: $1.65
-22.4%
Gross Profit (%)
35.3%
Previous year: 41.2%
-14.3%
Research and Development
$42.5M
Previous year: $38.2M
+11.3%
SG&A Expense
$20.4M
Previous year: $16.7M
+22.2%
Gross Profit
$174M
Previous year: $189M
-7.6%
Cash and Equivalents
$102M
Previous year: $153M
-32.8%
Free Cash Flow
$161M
Previous year: -$164M
-197.7%
Total Assets
$1.22B
Previous year: $1.38B
-11.0%

Ubiquiti

Ubiquiti

Ubiquiti Revenue by Segment

Ubiquiti Revenue by Geographic Location

Forward Guidance

The press release does not include forward guidance. Therefore, this section is intentionally left blank.

Revenue & Expenses

Visualization of income flow from segment revenue to net income