---
schema_version: "secwatch.filing_event.v1"
accession: "0001511737-24-000028"
form_type: "8-K"
ticker: "UI"
cik: "0001511737"
company_name: "Ubiquiti Inc."
filed_at: "2024-05-10T23:59:59+00:00"
generated_at: "2026-06-02T03:37:38.798858+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Ubiquiti Q3 FY2024 revenue $493M (+7.7% YoY); GAAP EPS $1.26 (-22.7% YoY); gross margin falls to 35.3%

## Summary
- Revenue $493.0M, up 6.0% QoQ and 7.7% YoY; Enterprise Technology segment up 10.9% to $414.3M.
- GAAP diluted EPS $1.26 (down 22.7% YoY); Non-GAAP diluted EPS $1.28 (down 22.4% YoY). Net income $76.3M.
- Gross margin 35.3% vs 41.2% YoY due to excess inventory charges, unfavorable product mix, and higher warehouse costs.
- Declared $0.60/share cash dividend payable May 28, 2024 to holders of record May 20, 2024.
- Service Provider Technology revenue declined 6.5% YoY to $78.7M; total operating expenses rose to $62.9M.

## SEC filing metadata
- accession: 0001511737-24-000028
- form_type: 8-K
- ticker: UI
- cik: 0001511737
- company_name: Ubiquiti Inc.
- filed_at: 2024-05-10T23:59:59+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/1511737/000151173724000028/0001511737-24-000028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1511737/000151173724000028/ui-20240510.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001511737-24-000028
- JSON: https://secwatch.observer/filing/0001511737-24-000028.json
- Plain text: https://secwatch.observer/filing/0001511737-24-000028.txt

## Key facts
- Earnings Releases
  Ubiquiti Inc. reported the fiscal quarter ended March 31, 2024 results: revenue $493.0 million, net income $76.3 million, EPS $1.26.
  - Period: the fiscal quarter ended March 31, 2024
  - Revenue: $493.0 million
  - Net income: $76.3 million
  - EPS: $1.26
  - Result: reported results
  source text: UBIQUITI INC. REPORTS THIRD QUARTER FISCAL 2024 FINANCIAL RESULTS ~ Revenues of $493.0 million ~ ~ GAAP Diluted Earnings Per Share of $1.26 ~
  evidence_url: https://www.sec.gov/Archives/edgar/data/1511737/000151173724000028/0001511737-24-000028-index.htm

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