Revenue: As of FY2026 Q3, the actual value is USD 788.2 M, missing the estimate of USD 814.3 M.EPS: As of FY2026 Q3, the actual value is USD 3.86, missing the estimate of USD 3.941.EBIT: As of FY2026 Q3, the actual value is USD 290.82 M.<h4>Total Revenue</h4>Ubiquiti Inc.’s total revenues increased by $124.0 million, or 19%, to $788.2 million for the three months ended March 31, 2026, from $664.2 million in the prior year period. For the nine months ended March 31, 2026, total revenues increased by $522.4 million, or 29%, to $2,336.8 million, from $1,814.4 million in the prior year.<h4>Segment Revenue by Product Type</h4><ul><li>Enterprise Technology<ul><li>Revenue increased by $132.1 million, or 23%, to $717.9 million for the three months ended March 31, 2026, from $585.7 million in the prior year period, constituting 91% of total revenues compared to 88% in the prior year.</li><li>For the nine months ended March 31, 2026, revenue increased by $529.9 million, or 34%, to $2,104.0 million, from $1,574.1 million in the prior year period, representing 90% of total revenues, up from 87% in the prior year.</li></ul></li><li>Service Provider Technology<ul><li>Revenue decreased by $8.1 million, or 10%, to $70.3 million for the three months ended March 31, 2026, from $78.4 million in the prior year period, accounting for 9% of total revenues, down from 12% in the prior year.</li><li>For the nine months ended March 31, 2026, revenue decreased by $7.4 million, or 3.1%, to $232.9 million, from $240.3 million in the prior year period, making up 10% of total revenues, a decrease from 13% in the prior year.</li></ul></li></ul><h4>Segment Revenue by Geography</h4><ul><li>North America<ul><li>Revenue increased by $87.5 million, or 27%, to $410.2 million for the three months ended March 31, 2026, from $322.7 million in the prior year period, representing 52% of total revenues, compared to 49% in the prior year.</li><li>For the nine months ended March 31, 2026, revenue increased by $321.0 million, or 35%, to $1,236.6 million, from $915.6 million in the prior year period, accounting for 53% of total revenues, up from 50% in the prior year.</li></ul></li><li>Europe, the Middle East and Africa (EMEA)<ul><li>Revenue increased by $21.6 million, or 8%, to $303.8 million for the three months ended March 31, 2026, from $282.1 million in the prior year period, constituting 39% of total revenues, compared to 42% in the prior year.</li><li>For the nine months ended March 31, 2026, revenue increased by $152.0 million, or 22%, to $847.6 million, from $695.6 million in the prior year period, representing 36% of total revenues, down from 38% in the prior year.</li></ul></li><li>Asia Pacific<ul><li>Revenue increased by $5.7 million, or 15%, to $43.2 million for the three months ended March 31, 2026, from $37.5 million in the prior year period, comprising 5% of total revenues, compared to 6% in the prior year.</li><li>For the nine months ended March 31, 2026, revenue increased by $29.3 million, or 24%, to $150.8 million, from $121.5 million in the prior year period, making up 7% of total revenues, consistent with the prior year.</li></ul></li><li>South America<ul><li>Revenue increased by $9.2 million, or 42%, to $31.1 million for the three months ended March 31, 2026, from $21.8 million in the prior year period, representing 4% of total revenues, compared to 3% in the prior year.</li><li>For the nine months ended March 31, 2026, revenue increased by $20.2 million, or 25%, to $101.9 million, from $81.7 million in the prior year period, accounting for 4% of total revenues, down from 5% in the prior year.</li></ul></li></ul><h4>Operational Metrics</h4><ul><li>Net Income<ul><li>For the three months ended March 31, 2026, net income was $233.9 million, an increase from $180.4 million in the prior year period.</li><li>For the nine months ended March 31, 2026, net income was $675.4 million, up from $445.2 million in the prior year period.</li></ul></li><li>Gross Profit<ul><li>Gross profit increased to $370.7 million for the three months ended March 31, 2026, from $295.9 million in the prior year period.</li><li>For the nine months ended March 31, 2026, gross profit increased to $1,082.1 million, from $774.7 million in the prior year period.</li></ul></li><li>Gross Profit Margin<ul><li>Gross profit margin increased to 47% for the three months ended March 31, 2026, from 45% in the prior year period.</li><li>For the nine months ended March 31, 2026, gross profit margin increased to 46%, from 43% in the prior year period.</li><li>The increase in gross profit margin was primarily due to a favorable product mix, reduced charges for excess and obsolete inventory, and lower shipping costs, partially offset by higher tariff costs.</li></ul></li><li>Income from Operations<ul><li>Income from operations was $290.8 million for the three months ended March 31, 2026, compared to $226.9 million in the prior year period.</li><li>For the nine months ended March 31, 2026, income from operations was $845.4 million, up from $574.9 million in the prior year period.</li></ul></li><li>Operating Expenses<ul><li>Research and Development (R&amp;D)<ul><li>R&amp;D expenses increased by $7.6 million, or 17%, to $51.8 million for the three months ended March 31, 2026, from $44.3 million in the prior year period, remaining consistent at 7% of revenues for both periods.</li><li>For the nine months ended March 31, 2026, R&amp;D expenses increased by $29.0 million, or 24%, to $151.2 million, from $122.2 million in the prior year period, decreasing from 7% to 6% of revenues.</li></ul></li><li>Sales, General and Administrative (SG&amp;A)<ul><li>SG&amp;A expenses increased by $3.3 million, or 13%, to $28.1 million for the three months ended March 31, 2026, from $24.8 million in the prior year period, remaining consistent at 4% of revenues for both periods.</li><li>For the nine months ended March 31, 2026, SG&amp;A expenses increased by $7.8 million, or 10%, to $85.5 million, from $77.6 million in the prior year period, remaining consistent at 4% of revenues for both periods.</li></ul></li></ul></li><li>Interest Expense and Other, net<ul><li>Interest expense and other, net, decreased to $0.7 million for the three months ended March 31, 2026, from $5.4 million in the prior year period.</li><li>For the nine months ended March 31, 2026, it decreased to $5.4 million, from $27.4 million in the prior year period.</li></ul></li><li>Provision for Income Taxes<ul><li>Provision for income taxes increased to $56.2 million for the three months ended March 31, 2026, from $41.0 million in the prior year period, with the effective tax rate increasing from 18.5% to 19.4%.</li><li>For the nine months ended March 31, 2026, it increased to $164.6 million, from $102.2 million in the prior year period, with the effective tax rate increasing from 18.7% to 19.6%.</li></ul></li></ul><h4>Cash Flow</h4><ul><li>Net Cash Provided by Operating Activities<ul><li>For the nine months ended March 31, 2026, net cash provided by operating activities was $630.1 million, compared to $509.7 million in the prior year period.</li></ul></li><li>Net Cash Used in Investing Activities<ul><li>For the nine months ended March 31, 2026, net cash used in investing activities was -$14.4 million, primarily for capital expenditures, compared to -$7.4 million in the prior year period.</li></ul></li><li>Net Cash Used in Financing Activities<ul><li>For the nine months ended March 31, 2026, net cash used in financing activities was -$396.9 million, primarily due to -$250.0 million in debt repayment and -$145.2 million in dividends paid.</li><li>For the nine months ended March 31, 2025, net cash used in financing activities was -$477.6 million, due to -$368.1 million in debt repayment and -$108.9 million in dividends paid.</li></ul></li></ul><h4>Unique Metrics</h4><ul><li>Cash and Cash Equivalents: $368.7 million as of March 31, 2026, compared to $149.7 million as of June 30, 2025.</li><li>Inventories: $654.0 million as of March 31, 2026, compared to $675.1 million as of June 30, 2025.</li><li>Deferred Revenue (Short-term): $52.4 million as of March 31, 2026, compared to $36.0 million as of June 30, 2025.</li><li>Deferred Revenue (Long-term): $36.2 million as of March 31, 2026, compared to $26.0 million as of June 30, 2025.</li><li>Customer Deposits: $2.4 million as of March 31, 2026, compared to $2.8 million as of June 30, 2025.</li><li>Purchase Commitments: $1,226.7 million as of March 31, 2026.</li><li>Unrecognized Tax Benefits: $34.7 million as of March 31, 2026, with an additional $7.1 million for accrued interest.</li><li>Share-Based Compensation Expense: $5.4 million for the nine months ended March 31, 2026, compared to $5.3 million in the prior year period.</li><li>Intrinsic Value of RSUs Vested: $16.7 million for the nine months ended March 31, 2026, compared to $8.5 million in the prior year period.</li><li>Unrecognized Compensation Costs (RSUs): $16.9 million as of March 31, 2026, expected to be recognized over a weighted average period of 3.3 years.</li></ul><h4>Future Outlook and Strategy</h4>Ubiquiti Inc. anticipates that existing cash, cash equivalents, and available funds under the 2026 Revolving Facility will sufficiently cover near-term working capital, quarterly dividends, stock repurchases, and capital expenditures for the next twelve months. The company expects operating expenses to increase due to continued investments in information systems, administrative personnel, and operational expansion. While maintaining financing flexibility, Ubiquiti Inc. notes that global economic downturns and macroeconomic trends could materially affect liquidity and capital resources.

Ubiquiti | 10-Q: FY2026 Q3 Revenue Misses Estimate at USD 788.2 M