Filing Flows › Ubiquiti (UI) › Q1 FY27 › vs Q4 FY26
Ubiquiti (UI) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Ubiquiti's revenue rose $88.9M (+9%) from $937M in Q4 FY26 to $1.0B in Q1 FY27. The biggest changes: Enterprise technology +$73.0M (+8%); Service provider technology +$15.9M (+23%). Gross margin 47.3% against 45.8% (+1.5 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 Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 47.3% | 45.8% | +1.5 pts |
| Operating margin | 38.1% | 36.3% | +1.9 pts |
| Net margin | 31.2% | 30.4% | +0.8 pts |
| Free cash flow margin | 30.4% | 31.3% | -0.8 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Enterprise technology | $941M | $868M | $73.0M | +8% |
| Service provider technology | $84.9M | $69.0M | $15.9M | +23% |
| Revenue | $1.0B | $937M | $88.9M | +9% |
| Gross profit | $485M | $429M | $56.1M | +13% |
| Cost of revenue | $541M | $508M | $32.8M | +6% |
| Other income, net | $6.2M | $3.1M | $3.1M | +101% |
| Operating profit | $391M | $340M | $51.5M | +15% |
| Operating expenses | $93.9M | $89.3M | $4.6M | +5% |
| Pre-tax earnings | $398M | $343M | $54.6M | +16% |
| Research & development | $53.2M | $53.0M | $277K | +0.5% |
| SG&A | $40.6M | $36.3M | $4.3M | +12% |
| Net earnings | $320M | $285M | $35.6M | +12% |
| Income tax | $77.2M | $58.2M | $19.0M | +33% |
| Depreciation & amortization | $5.1M | $4.7M | $419K | +9% |
| Share-based compensation | $2.0M | $2.0M | −$23K | -1% |
| Working capital & other | $9.0M | −$6.9M | $15.9M | — |
| Operating cash flow | $319M | $299M | $20.1M | +7% |
| Free cash flow (OCF − capex) | $312M | $293M | $19.2M | +7% |
| Capital expenditures | $6.3M | $5.4M | $889K | +16% |
Questions
How much did Ubiquiti's revenue grow quarter over quarter in Q1 FY27?
Ubiquiti's revenue rose $88.9M (+9%) from $937M in Q4 FY26 to $1.0B in Q1 FY27.
What drove Ubiquiti's revenue change in Q1 FY27?
Enterprise technology +$73.0M (+8%); Service provider technology +$15.9M (+23%).