---
schema_version: "secwatch.filing_event.v1"
accession: "0001511737-22-000070"
form_type: "8-K"
ticker: "UI"
cik: "0001511737"
company_name: "Ubiquiti Inc."
filed_at: "2022-11-04T23:59:59+00:00"
generated_at: "2026-06-22T06:47:50.293996+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ubiquiti Q1 revenue up 8.5% to $498M; GAAP net income down 30% on margin compression

## Summary
- Revenue $498.1M, up 12.4% sequentially and 8.5% YoY; Enterprise Technology grew, Service Provider declined.
- GAAP diluted EPS $1.54 (down 27% YoY); non-GAAP diluted EPS $1.55.
- Gross margin 34.4%, down from 45.6% YoY due to product mix, higher component and shipping costs.
- Declared $0.60/share quarterly dividend, payable Nov 21, 2022 to holders of record Nov 14.
- Global component supply shortage and COVID-19 continue to disrupt order fulfillment and increase costs.

## SEC filing metadata
- accession: 0001511737-22-000070
- form_type: 8-K
- ticker: UI
- cik: 0001511737
- company_name: Ubiquiti Inc.
- filed_at: 2022-11-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1511737/000151173722000070/0001511737-22-000070-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1511737/000151173722000070/ui-20221104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001511737-22-000070
- JSON: https://secwatch.observer/filing/0001511737-22-000070.json
- Plain text: https://secwatch.observer/filing/0001511737-22-000070.txt

## Key facts
- Earnings Releases
  Ubiquiti Inc. reported the first quarter fiscal 2023, ended September 30, 2022 results: revenue Revenues of $498.1 million, net income GAAP net income was $93.2 million, EPS GAAP Diluted Earnings Per Share of $1.54.
  - Period: the first quarter fiscal 2023, ended September 30, 2022
  - Revenue: Revenues of $498.1 million
  - Net income: GAAP net income was $93.2 million
  - EPS: GAAP Diluted Earnings Per Share of $1.54
  - Result: reported results
  source text: by reference, except as otherwise expressly stated in such filing. --- EX-99.1 (EX-99.1) --- UBIQUITI INC. REPORTS FIRST QUARTER FISCAL 2023 FINANCIAL RESULTS ~ Revenues of $498.1 million ~ ~ GAAP Diluted Earnings Per Share of $1.54 ~ New York, NY - November 4, 2022 - Ubiquiti Inc. (NYSE: UI) ("Ubiquiti" or the "Company") today announced its financial results for
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511737/000151173722000070/0001511737-22-000070-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.