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Ubiquiti (UI) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 21, 2026
Ubiquiti (UI) reported revenue of $937M for the fourth quarter fiscal 2026 (Q4 FY26), +23% from a year earlier and +19% from the quarter before. Operating margin was 36.3%, net earnings $285M (30.4% of revenue).
Ubiquiti, Q4 FY26: revenue $937M (+24% year over year), operating margin 36.3%, net earnings $285M, operating cash flow $299M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $937M | +19% | +23% |
| Gross profit | $429M | +16% | +25% |
| Operating profit | $340M | +17% | +30% |
| Net earnings | $285M | +22% | +7% |
| Operating cash flow | $299M | +78% | +129% |
| Free cash flow | $293M | +81% | +134% |
What changed
Revenue was $937.3M in Q4 FY26, up 23% year over year and up 19% from the previous quarter. Enterprise Technology was the largest line at 93% of revenue.
Gross margin was 45.8%, up 0.6 points from Q4 FY25. Operating profit was $340.0M, a 36.3% margin (up 1.8 points year over year). Of the extra revenue versus Q4 FY25, 44% reached operating profit, above the 34% margin then. Operating expenses grew 10% against revenue growth of 23%. The fastest-growing cost line was Research & development (+12%). Net earnings were $284.9M, up 7% year over year. The effective tax rate was 17.0%.
Operating cash flow was $298.5M (up 129% year over year), 105% of net earnings. Non-cash charges added back $4.7M of depreciation and amortization and $2.0M of share-based compensation. Capital expenditures of $5.4M left free cash flow of $293.1M.
Questions
What was Ubiquiti's revenue in the fourth quarter fiscal 2026?
Ubiquiti (UI) reported revenue of $937M for the fourth quarter fiscal 2026 (Q4 FY26), +23% from a year earlier and +19% from the quarter before.
Was Ubiquiti profitable in the fourth quarter fiscal 2026?
Operating profit was $340M (36.3% of revenue) and net earnings $285M.
Source: Ubiquiti 10-K on SEC EDGAR.