Ubiquiti reports Q1 EPS $3.46 vs. $2.14 last year

Reports Q1 revenue $733.8M vs. $550.3M last year. The company said, “During the first quarter of fiscal 2026, GAAP net income was $207.9 million and non-GAAP net income was $209.3 million. This reflects an increase in GAAP net income and non-GAAP net income from the comparable prior year period by 62.4% and 61.9%, respectively, primarily driven by higher revenues and gross profit. First quarter fiscal 2026 GAAP earnings per diluted share was $3.43 and non-GAAP earnings per diluted share was $3.46. This reflects an increase in GAAP and non-GAAP earnings per diluted share from the comparable prior year period of 61.8% and 61.7%, respectively.”