Filing Flows › Ubiquiti (UI) › Q1 FY27
Ubiquiti (UI) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
Ubiquiti (UI) reported revenue of $1.0B for the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier and +9% from the quarter before. Operating margin was 38.1%, net earnings $320M (31.2% of revenue).
Ubiquiti, Q1 FY27: revenue $1.0B (+40% year over year), operating margin 38.1%, net earnings $320M, operating cash flow $319M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.0B | +9% | +40% |
| Gross profit | $485M | +13% | +44% |
| Operating profit | $391M | +15% | +50% |
| Net earnings | $320M | +12% | +54% |
| Operating cash flow | $319M | +7% | +61% |
| Free cash flow | $312M | +7% | +62% |
What changed
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.
Questions
What was Ubiquiti's revenue in the first quarter fiscal 2027?
Ubiquiti (UI) reported revenue of $1.0B for the first quarter fiscal 2027 (Q1 FY27), +40% from a year earlier and +9% from the quarter before.
Was Ubiquiti profitable in the first quarter fiscal 2027?
Operating profit was $391M (38.1% of revenue) and net earnings $320M.
Source: Ubiquiti 10-Q on SEC EDGAR.