AI-extracted from the 10-K filed 2026-08-21 — FY2026 (year ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Ubiquiti delivered 27% YoY revenue growth to $3.3B with net income surging 35% to $960M, driven by 32% growth in Enterprise Technology offset partly by 5% Service Provider Technology decline.
Biggest Revenue Drivers
Enterprise Technology$2,972.3M+32% YoY
Increase in revenue from Enterprise Technology platform in all regions.
Service Provider Technology$301.9M-5% YoY
Decrease in revenue across all regions except North America and Asia Pacific.
Biggest Revenue Drivers
Total revenue: $3,274.2M+27% YoY
Enterprise Technology$2,972.3M+32% YoY
Increase in revenue from Enterprise Technology platform in all regions.
Within Enterprise Technology
North America (by geography)$1,744.0M+35% YoY
Increased revenue from both Enterprise Technology and Service Provider Technology products.
EMEA (by geography)$1,179.2M+18% YoY
Increased revenue from Enterprise Technology products, offset in part by decline in Service Provider Technology.
Service Provider Technology$301.9M-5% YoY
Decrease in revenue across all regions except North America and Asia Pacific.
Largest Expense Items
Cost of revenues$1,762.8M+21% YoY
Includes costs of procuring finished goods, labor, tooling, warranty, logistics, tariffs, and excess/obsolete inventory write-downs.
Research and development$204.2M+20% YoY
Higher employee-related expenses, prototype-related expenses, facility costs and software expenses, offset in part by lower depreciation.
Sales, general and administrative$121.8M+9% YoY
Higher credit card processing fees, professional fees, marketing, and employee-related expenses, offset by lower accounts receivable reserves.
Margins: Gross margin expanded to 46% in FY2026 from 43% in FY2025, primarily driven by favorable product mix and lower other indirect costs, offset in part by higher tariff costs. Operating margin improved to 36% from 32% YoY.
Watch Items from the Filing
Supply chain exposure: Company relies on single/limited suppliers for chipsets (Qualcomm, Broadcom); tariffs have increased product costs significantly with ongoing uncertainty about duration and scope of trade policy changes.
CEO ownership concentration: Robert Pera beneficially owns 56.3M shares (56% of outstanding); significant ability to control voting and strategic direction; may pledge shares for margin loans or sell shares.
Geopolitical risks: Company has R&D and warehousing in Taiwan; manufacturing/logistics in Vietnam and China; monitors military conflict between Russia-Ukraine and China-Taiwan tensions; impact on operations remains uncertain.
Strong cash generation: Operating cash flow of $928.7M; reduced debt by $250M (Term Loan fully repaid Feb 2026); new $500M+ revolving facility in place; $611M in cash and investments as of June 30, 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About Ubiquiti Inc. (UI): stock profile, AI score and financials
Ubiquiti Inc. (UI) stock profile, AI quality score, and SEC EDGAR financial data, a Technology sector company. 13F Pro's AI-powered ranking engine scores UI at 78.3/100 on a composite quality score built from its SEC filings, placing it at rank #52 of 2,925 stocks — the top 5% of the AI-ranked universe. UI scores in the top quartile across balance sheet strength (99.5), profitability (88.9), revenue growth (88.3). Areas of concern include earnings quality (39.0) and institutional flow (39.0), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q4 2026), Ubiquiti Inc. reports quarterly revenue of $937.3M, net income of $284.9M, an operating margin of 36.3%. Top institutional holders of UI by reported 13-F value include BlackRock, RENAISSANCE TECHNOLOGIES, SW Investment Management, based on the most recent SEC filings. UI trades on the NYSE exchange and files with the SEC under CIK 1511737. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Ubiquiti Inc. directly from SEC EDGAR.