earnings
confidence high
sentiment negative
materiality 0.80
Ubiquiti Q1 FY2022 revenue $458.9M, EPS $2.11; supply chain and shipping costs weigh on results
Ubiquiti Inc.
2022-Q1 EPS reported
$2.11
revenue$458,914,000
- Revenue $458.9M, down 3.1% YoY; GAAP diluted EPS $2.11, down 14% YoY.
- Gross margin 45.6%, down from 48.2% YoY, driven by higher shipping costs and component shortages.
- Service Provider Technology revenue fell 28.8% YoY to $112.1M; Enterprise Technology rose 9.7% to $346.8M.
- Board declared $0.60/share dividend payable Nov 22; repurchased 130,994 shares in Q1 at avg $299.64.
- Supply chain disruption continues; company expects negative impact until logistics and component issues resolve.