Filing Flows › Ubiquiti (UI) › Q1 FY27 › vs Q1 FY26
Ubiquiti (UI) Q1 FY27 vs Q1 FY26 (year over year)
Ubiquiti's revenue rose $292M (+40%) from $734M in Q1 FY26 to $1.0B in Q1 FY27. The biggest changes: Enterprise technology +$284M (+43%); Service provider technology +$8.3M (+11%). Gross margin 47.3% against 46.0% (+1.3 pts).
Ubiquiti, Q1 FY27: revenue $1.0B (+40% year over year), operating margin 38.1%, net earnings $320M, operating cash flow $319M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 47.3% | 46.0% | +1.3 pts |
| Operating margin | 38.1% | 35.7% | +2.5 pts |
| Net margin | 31.2% | 28.3% | +2.9 pts |
| Free cash flow margin | 30.4% | 26.3% | +4.1 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Enterprise technology | $941M | $657M | $284M | +43% |
| Service provider technology | $84.9M | $76.6M | $8.3M | +11% |
| Revenue | $1.0B | $734M | $292M | +40% |
| Gross profit | $485M | $337M | $148M | +44% |
| Cost of revenue | $541M | $396M | $145M | +36% |
| Other income, net | $6.2M | −$3.2M | $9.3M | — |
| Operating profit | $391M | $262M | $130M | +50% |
| Operating expenses | $93.9M | $75.7M | $18.2M | +24% |
| Pre-tax earnings | $398M | $259M | $139M | +54% |
| Research & development | $53.2M | $48.5M | $4.7M | +10% |
| SG&A | $40.6M | $27.1M | $13.5M | +50% |
| Net earnings | $320M | $208M | $113M | +54% |
| Income tax | $77.2M | $50.7M | $26.5M | +52% |
| Depreciation & amortization | $5.1M | $5.1M | $37K | +0.7% |
| Share-based compensation | $2.0M | $1.9M | $137K | +7% |
| Working capital & other | $9.0M | $16.4M | −$7.4M | -45% |
| Operating cash flow | $319M | $198M | $120M | +61% |
| Free cash flow (OCF − capex) | $312M | $193M | $119M | +62% |
| Capital expenditures | $6.3M | $5.2M | $1.1M | +22% |
Questions
How much did Ubiquiti's revenue grow year over year in Q1 FY27?
Ubiquiti's revenue rose $292M (+40%) from $734M in Q1 FY26 to $1.0B in Q1 FY27.
What drove Ubiquiti's revenue change in Q1 FY27?
Enterprise technology +$284M (+43%); Service provider technology +$8.3M (+11%).