---
schema_version: "secwatch.filing_event.v1"
accession: "0001511737-23-000084"
form_type: "8-K"
ticker: "UI"
cik: "0001511737"
company_name: "Ubiquiti Inc."
filed_at: "2023-11-03T23:59:59+00:00"
generated_at: "2026-06-08T22:18:11.326220+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ubiquiti Q1 FY2024 revenue $463M (-7% YoY); GAAP EPS $1.45, non-GAAP $1.47

## Summary
- Revenue of $463.1M, down 7.0% YoY from $498.1M and down 5.7% from prior quarter.
- GAAP net income $87.8M ($1.45 diluted EPS); non-GAAP net income $88.9M ($1.47 diluted EPS).
- Gross margin 39.7% vs 34.4% YoY (up 5.3pp) but down from 41.4% QoQ due to higher shipping costs.
- Enterprise Technology revenue $380.1M (-10.8% YoY); Service Provider Technology $83.0M (+15.6% YoY).
- Board declares $0.60/share quarterly dividend, payable Nov 20, 2023 to holders of record Nov 13.

## SEC filing metadata
- accession: 0001511737-23-000084
- form_type: 8-K
- ticker: UI
- cik: 0001511737
- company_name: Ubiquiti Inc.
- filed_at: 2023-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1511737/000151173723000084/0001511737-23-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1511737/000151173723000084/ui-20231103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001511737-23-000084
- JSON: https://secwatch.observer/filing/0001511737-23-000084.json
- Plain text: https://secwatch.observer/filing/0001511737-23-000084.txt

## Key facts
- Earnings Releases
  Ubiquiti Inc. reported the first quarter ended September 30, 2023 results: revenue $463.1 million, net income GAAP net income was $87.8 million, EPS GAAP diluted EPS of $1.45.
  - Period: the first quarter ended September 30, 2023
  - Revenue: $463.1 million
  - Net income: GAAP net income was $87.8 million
  - EPS: GAAP diluted EPS of $1.45
  - Result: reported results
  source text: UBIQUITI INC. REPORTS FIRST QUARTER FISCAL 2024 FINANCIAL RESULTS ~ Revenues of $463.1 million ~ ~ GAAP Diluted Earnings Per Share of $1.45 ~
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511737/000151173723000084/0001511737-23-000084-index.htm

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