NYSE$UI

Ubiquiti Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Ubiquiti reported financial results for the third quarter ended March 31, 2024.

Ubiquiti Inc. announced its Q3 fiscal year 2024 financial results, with revenues of $493.0 million and a GAAP diluted EPS of $1.26. The company's Board of Directors declared a $0.60 per share cash dividend.

  • Revenues for Q3 2024 were $493.0 million, an increase of 7.7% compared to the same period last year.
  • GAAP diluted EPS for Q3 2024 was $1.26.
  • Non-GAAP diluted EPS for Q3 2024 was $1.28.
  • The Board of Directors declared a cash dividend of $0.60 per share.

Headline financials

Total Revenue

$493M

Previous: $458M+7.7%
EPS (adj)

$1.28

Previous: $1.65-22.4%
Capital Expenditures

-$10.1M

Previous: -$15.7M+35.4%
Free Cash Flow

$66.2M

Previous: $82.9M-20.2%
Net Income

$76.3M

Previous: $98.6M-22.6%
Operating Income

$111M

Previous: $134M-16.7%
Gross Profit

$174M

Previous: $188M-7.6%
Cash & Equivalents

$102M

Previous: $153M-32.8%
Total Assets

$1.22B

Previous: $1.38B-11.0%
R&D Expense

$42.5M

No prior period
Stock-Based Comp

$1.67M

Previous: $1.25M+33.6%

Revenue & EPS history

Ubiquiti · Revenue · Quarterly

$493M

Q3 2024+7.7%vs Q3 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Ubiquiti · $463M total across 2 segments · Q1 2024

  • Enterprise Tech
    $380M-10.8%
  • Service Provider
    $83M+15.6%

Forward guidance

The press release does not include forward guidance. Therefore, this section is intentionally left blank.

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 Q3 2024

Historical avgQ3 2024

+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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro