Ubiquiti Q3 FY2023: Revenue $457.8M (+28% YoY), GAAP EPS $1.63 (+99% YoY)

Ubiquiti Inc.

2023-Q3 EPS reported $5.03 revenue$1,449,427,000

Revenue $457.8M, up 27.8% YoY; GAAP diluted EPS $1.63 vs $0.82 YoY.
Gross margin 41.2%, up from 32.4% YoY, driven by lower shipping costs.
Enterprise Technology revenue $373.6M (+26.6% YoY); Service Provider $84.2M (+33.6% YoY).
Board declared $0.60/share cash dividend, payable May 22, 2023 to holders of record May 15.
Supply constraints persist; inventory buildup increases risk of obsolescence losses.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ubiquiti Inc. reported the fiscal quarter ended March 31, 2023 results: revenue $457.8 million, net income $98.6 million, EPS $1.63.

Period: the fiscal quarter ended March 31, 2023
Revenue: $457.8 million
Net income: $98.6 million
EPS: $1.63
Result: reported results

Exact text from the filing

by reference, except as otherwise expressly stated in such filing. --- EX-99.1 (EX-99.1) --- UBIQUITI INC. REPORTS THIRD QUARTER FISCAL 2023 FINANCIAL RESULTS ~ Revenues of $457.8 million ~ ~ GAAP Diluted Earnings Per Share of $1.63 ~ New York, NY - May 5, 2023 - Ubiquiti Inc. (NYSE: UI) ("Ubiquiti" or the "Company") today announced its financial results for the

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Source: SEC EDGAR

accession 0001511737-23-000039

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