Filing Flows › Ubiquiti (UI) › Q4 FY26 › vs Q3 FY26
Ubiquiti (UI) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Ubiquiti's revenue rose $149M (+19%) from $788M in Q3 FY26 to $937M in Q4 FY26. The biggest changes: Enterprise Technology +$150M (+21%); Service Provider Technology −$1.3M (-2%). Gross margin 45.8% against 47.0% (-1.2 pts).
Ubiquiti, Q4 FY26: revenue $937M (+24% year over year), operating margin 36.3%, net earnings $285M, operating cash flow $299M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 45.8% | 47.0% | -1.2 pts |
| Operating margin | 36.3% | 36.9% | -0.6 pts |
| Net margin | 30.4% | 29.7% | +0.7 pts |
| Free cash flow margin | 31.3% | 20.6% | +10.7 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Enterprise Technology | $868M | $718M | $150M | +21% |
| Service Provider Technology | $69.0M | $70.3M | −$1.3M | -2% |
| Revenue | $937M | $788M | $149M | +19% |
| Gross profit | $429M | $371M | $58.5M | +16% |
| Cost of revenue | $508M | $417M | $90.6M | +22% |
| Other income, net | $3.1M | −$661K | $3.7M | — |
| Operating profit | $340M | $291M | $49.2M | +17% |
| Operating expenses | $89.3M | $79.9M | $9.4M | +12% |
| Pre-tax earnings | $343M | $290M | $52.9M | +18% |
| Research & development | $53.0M | $51.8M | $1.2M | +2% |
| SG&A | $36.3M | $28.1M | $8.2M | +29% |
| Net earnings | $285M | $234M | $51.0M | +22% |
| Income tax | $58.2M | $56.2M | $1.9M | +3% |
| Depreciation & amortization | $4.7M | $4.6M | $91K | +2% |
| Share-based compensation | $2.0M | $1.6M | $432K | +27% |
| Working capital & other | $6.9M | −$72.4M | $79.2M | — |
| Operating cash flow | $299M | $168M | $131M | +78% |
| Free cash flow (OCF − capex) | $293M | $162M | $131M | +81% |
| Capital expenditures | $5.4M | $5.6M | −$173K | -3% |
Questions
How much did Ubiquiti's revenue grow quarter over quarter in Q4 FY26?
Ubiquiti's revenue rose $149M (+19%) from $788M in Q3 FY26 to $937M in Q4 FY26.
What drove Ubiquiti's revenue change in Q4 FY26?
Enterprise Technology +$150M (+21%); Service Provider Technology −$1.3M (-2%).