Filing Flows › Technology › Ubiquiti (UI)
Ubiquiti (UI) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Nov 6, 2026 · Ubiquiti (UI) Q1 FY27 earnings results →
Q1 FY27 Revenue up 40% year over year to $1.0B · 31¢ of every $1 of revenue kept as net profit · operating margin 38.1%
Ubiquiti made $1.0B in Q1 FY27 (+40% Y/Y): Enterprise technology $941M, Service provider technology $84.9M. Operating margin 38.1%, net earnings $320M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $1.0B in Q1 FY27, up 40% year over year and up 9% from the previous quarter. Enterprise technology was the largest line at 92% of revenue. Enterprise technology added $0.28B year over year (up 43%), 97% of the total change.
Gross margin was 47.3%, up 1.3 points from Q1 FY26. Operating profit was $0.39B, a 38.1% margin (up 2.5 points year over year). Of the extra revenue versus Q1 FY26, 44% reached operating profit, above the 36% margin then. Operating expenses grew 24% against revenue growth of 40%. The fastest-growing cost line was SG&A (+50%). Net earnings were $0.32B, up 54% year over year. The effective tax rate was 19.4%.
Operating cash flow was $0.32B (up 61% year over year), 99% of net earnings. Non-cash charges added back $0.01B of depreciation and amortization and $2.0M of share-based compensation. Capital expenditures of $0.01B left free cash flow of $0.31B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Nov 6, 2026 | $1.0B | +40% | 38.1% | $320M | $319M |
| Q4 FY26 | 10-K | Aug 21, 2026 | $937M | +24% | 36.3% | $285M | $299M |
| Q3 FY26 | 10-Q | May 8, 2026 | $788M | +19% | 36.9% | $234M | $168M |
| Q2 FY26 | 10-Q | Feb 6, 2026 | $815M | +36% | 35.9% | $234M | $264M |
| Q1 FY26 | 10-Q | Nov 7, 2025 | $734M | +33% | 35.7% | $208M | $198M |
| Q4 FY25 | 10-K | Aug 22, 2025 | $759M | +50% | 34.4% | $267M | $130M |
| Q3 FY25 | 10-Q | May 9, 2025 | $664M | +35% | 34.2% | $180M | $124M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
Loading the interactive chart…
🌏Named in Asian annual reportsinteractive
Loading the interactive chart…
🔄Rotation against the market and its industry (RRG)interactive
Loading the interactive chart…
🔍Earnings qualityinteractive
Loading the interactive chart…
⚖️Fair value by methodinteractive
Loading the interactive chart…
🔭Outlook & guidanceinteractive
Loading the interactive chart…
📈Investments: gains and what it boughtinteractive
Loading the interactive chart…
🏭Its industry’s money flow (input-output)interactive
Loading the interactive chart…
About Ubiquiti
The Company was founded by Robert Pera in 2005. We sell equipment, and provide the related software platforms, worldwide through a network of over 100 distributors, on-line retailers and direct to customers through our webstores. Ubiquiti is focused on democratizing network technology on a global scale. Our devices play a role in creating networking infrastructure in over 200 countries and territories around the world. Our professional networking products are powered by our UISP and UniFi OS software platforms to provide high-capacity distributed Internet access and unified information technology management, respectively.
In its own words, from its 10-K, filed Aug 21, 2026.
Ubiquiti against its Radio & Tv Broadcasting & Communications Equipment peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +40% against the peers' median +12%. Operating margin: 38.1% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| UI Ubiquiti | Q1 FY27 | $1.0B | +40% | 38.1% |
| QCOM Qualcomm | Q4 FY26 | $10.3B | -8% | 13.1% |
| MSI Motorola Solutions | Q3 2026 | $3.4B | +12% | 23.0% |
| VISN Vistance Networks | Q3 2026 | $320M | -38% | 7.2% |
| HLIT Harmonic | Q3 2026 | $149M | +64% | 17.6% |
| AVNW Aviat Networks | Q4 FY26 | $121M | +5% | 4.8% |
| PL Planet Labs PBC | Q2 FY27 | $116M | +58% | -11.6% |
| CMTL Comtech Telecommunications | Q3 FY26 | $106M | -16% | -2.9% |
| ONDS Ondas | Q2 2026 | $83.8M | 13× | -194.5% |
Source: Ubiquiti 10-Q on SEC EDGAR · CIK 1511737 · Radio & Tv Broadcasting & Communications Equipment
Guidance and outlook
13F: who owns UI and who is buying
More on UI
- How Ubiquiti makes money: revenue by segment
- Ubiquiti next earnings date and what analysts expect
- Ubiquiti stock forecast, price target and fair value
- Who owns Ubiquiti stock: holders, funds and Congress trades
- Ubiquiti guidance and outlook
- Is Ubiquiti a takeover target? LBO and rumors
- Ubiquiti recalls, complaints and regulation
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results
- Ubiquiti gross margin by quarter
- Ubiquiti operating margin by quarter
- Ubiquiti net income by quarter
- Ubiquiti free cash flow by quarter
- Ubiquiti R&D spending by quarter
- Ubiquiti capital expenditures by quarter
- Ubiquiti Enterprise technology revenue by quarter
- Ubiquiti Service provider technology revenue by quarter