NYSE$UI
Ubiquiti Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported a decrease in revenue and earnings per share due to supply chain disruptions and increased costs.
Ubiquiti Inc. reported a decrease in revenues and earnings per share for the first quarter fiscal 2022, primarily driven by the Service Provider segment and impacted by global component supply shortages and increased logistics costs. The company repurchased shares and declared a cash dividend. GAAP net income and non-GAAP net income decreased by 15% from the comparable prior year period.
- Revenues decreased to $458.9 million, a 3.1% decrease year-over-year.
- GAAP diluted EPS was $2.11, a decrease of 13.4% year-over-year.
- Gross profit decreased to $209.5 million with a gross margin of 45.6%.
- The company repurchased 130,994 shares of common stock at an average price of $299.64 per share.
Headline financials
Revenue & EPS history
Ubiquiti · Revenue · Quarterly
$459M
Revenue by segment
Ubiquiti · $459M total across 2 segments · Q1 2022
- Enterprise Tech$347M+9.7%75.6%
- Service Provider$112M-28.8%24.4%
Forward guidance
The Company expects its results to be negatively impacted until the ongoing supply chain and logistics issues caused by the global component supply shortage and the COVID-19 pandemic are resolved.
Headwinds
- The company's future results are dependent on its ability to procure components and services.
- Global component supply shortage.
- COVID-19 pandemic.
- Increased logistics costs.
- Inability to fulfill customer orders
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+1.9%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.7%
Avg return
30 days after
63%
40 / 63 earnings
Positive
+40.0%
Q1 2020
Best reaction
-38.2%
Q4 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | -9.6% | -28.5% | -39.1% | |
| Q2 2026 | +8.0% | +23.8% | +30.1% | |
| Q1 2026 | -19.6% | -23.0% | -23.9% | |
| Q3 2025 | +3.9% | -6.5% | -9.0% | |
| Q2 2025 | -8.6% | -19.5% | -24.8% | |
| Q1 2025 | +30.3% | +29.2% | +31.9% | |
| Q4 2024 | +16.5% | +6.8% | +23.0% | |
| Q3 2024 | +15.7% | +20.1% | +24.2% | |
| Q2 2024 | +1.1% | -3.3% | -8.0% | |
| Q1 2024 | -14.6% | -13.5% | -5.9% | |
| Q4 2023 | +9.8% | +11.7% | -6.4% | |
| Q3 2023 | -13.5% | -18.2% | -23.8% | |
| Q2 2023 | -5.7% | -6.9% | -10.6% | |
| Q1 2023 | -12.2% | -15.5% | -7.7% | |
| Q4 2022 | +1.4% | -2.7% | -9.9% | |
| Q3 2022 | -15.4% | -19.6% | -2.2% | |
| Q2 2022 | -8.0% | -4.2% | -5.7% | |
| Q1 2022 | -4.3% | -4.7% | -3.7% | |
| Q4 2021 | +12.4% | +8.8% | +1.6% | |
| Q3 2021 | +3.5% | +2.0% | +20.6% | |
| Q2 2021 | +10.4% | +11.3% | +1.6% | |
| Q1 2021 | +29.9% | +36.5% | +30.0% | |
| Q4 2020 | +0.7% | -0.5% | -17.3% | |
| Q3 2020 | +17.0% | +10.7% | +12.3% | |
| Q2 2020 | -16.8% | -14.6% | -16.1% | |
| Q1 2020 | +40.0% | +41.4% | +51.5% | |
| Q4 2019 | -5.7% | -7.2% | -4.5% | |
| Q3 2019 | -16.3% | -16.7% | -17.7% | |
| Q2 2019 | +20.2% | +24.5% | +31.2% | |
| Q1 2019 | +12.1% | +14.7% | +12.6% | |
| Q4 2018 | +2.5% | +3.7% | +18.8% | |
| Q3 2018 | +11.4% | +9.9% | +16.0% | |
| Q2 2018 | -10.1% | -10.4% | -10.9% | |
| Q1 2018 | -3.9% | -0.9% | +1.1% | |
| Q4 2017 | +20.8% | +23.2% | +9.3% | |
| Q3 2017 | -5.9% | -6.6% | -2.7% | |
| Q2 2017 | -16.1% | -21.4% | -21.7% | |
| Q1 2017 | +2.7% | +1.2% | +2.4% | |
| Q4 2016 | +11.4% | +12.1% | +19.3% | |
| Q3 2016 | +8.3% | — | — | |
| Q2 2016 | +5.4% | — | — | |
| Q1 2016 | +14.1% | — | — | |
| Q4 2015 | -2.6% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | +9.8% | — | — | |
| Q1 2015 | -18.7% | — | — | |
| Q4 2014 | +7.1% | — | — | |
| Q3 2014 | -23.2% | — | — | |
| Q2 2014 | +8.8% | — | — | |
| Q1 2014 | +6.4% | — | — | |
| Q4 2013 | +28.3% | — | — | |
| Q3 2013 | +16.8% | — | — | |
| Q2 2013 | +6.4% | — | — | |
| Q1 2013 | +9.2% | — | — | |
| Q4 2010 | +4.1% | — | — | |
| Q4 2012 | -38.2% | — | — | |
| Q3 2012 | -17.8% | — | — | |
| Q3 2011 | -17.8% | — | — | |
| Q2 2012 | +5.1% | — | — | |
| Q2 2011 | +5.1% | — | — | |
| Q1 2011 | +2.0% | — | — | |
| Q4 2011 | +2.0% | — | — | |
| Q1 2012 | +2.0% | — | — |
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