secwatch.observer — SEC 8-K summary
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Issuer:     Ubiquiti Inc. (UI)
CIK:        0001511737
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0001511737-24-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1511737/000151173724000012/0001511737-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1511737/000151173724000012/ui-20240209.htm
  HTML page:      https://secwatch.observer/filing/0001511737-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer