Ubiquiti Q2 FY2024 revenue $465M, down 6% YoY; GAAP EPS $1.36 vs $1.86

Ubiquiti Inc.

2024-Q2 EPS reported $2.81 revenue$928,032,000

Revenue $465.0M, down 5.8% YoY; Enterprise Tech $391.5M, Service Provider $73.5M.
GAAP diluted EPS $1.36, non-GAAP $1.38; both down ~27% YoY.
GAAP gross margin 38.2%, down 1.8ppts YoY on product mix and higher costs.
Board declares $0.60 per share cash dividend, payable Feb 26, record Feb 20.
Net income $82.1M vs $112.2M YoY; operating expenses up to $56.5M from $52.4M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Ubiquiti Inc. reported second quarter ended December 31, 2023 results: revenue $465.0 million, net income $82.1 million, EPS $1.36.

Period: second quarter ended December 31, 2023
Revenue: $465.0 million
Net income: $82.1 million
EPS: $1.36
Result: reported results

Exact text from the filing

UBIQUITI INC. REPORTS SECOND QUARTER FISCAL 2024 FINANCIAL RESULTS ~ Revenues of $465.0 million ~ ~ GAAP Diluted Earnings Per Share of $1.36 ~ New York, NY - February 9, 2024 - Ubiquiti Inc. (NYSE: UI) ("Ubiquiti" or the "Company") today announced its financial results for the second quarter ended December 31, 2023.

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Source: SEC EDGAR

accession 0001511737-24-000012

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