---
schema_version: "secwatch.filing_event.v1"
accession: "0001511737-24-000012"
form_type: "8-K"
ticker: "UI"
cik: "0001511737"
company_name: "Ubiquiti Inc."
filed_at: "2024-02-09T23:59:59+00:00"
generated_at: "2026-06-06T04:48:37.081838+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001511737-24-000012
- form_type: 8-K
- ticker: UI
- cik: 0001511737
- company_name: Ubiquiti Inc.
- filed_at: 2024-02-09T23:59:59+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/1511737/000151173724000012/0001511737-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1511737/000151173724000012/ui-20240209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001511737-24-000012
- JSON: https://secwatch.observer/filing/0001511737-24-000012.json
- Plain text: https://secwatch.observer/filing/0001511737-24-000012.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511737/000151173724000012/0001511737-24-000012-index.htm

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