NYSE$UI

Ubiquiti Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and full year fiscal 2023, with revenues of $491.1 million and GAAP diluted EPS of $1.72.

Ubiquiti Inc. reported Q4 fiscal 2023 financial results with revenues of $491.1 million and GAAP diluted EPS of $1.72. The revenue increased by 10.8% compared to the same period last year, driven by growth in the Enterprise Technology platform.

  • Revenues for Q4 fiscal 2023 were $491.1 million, up 10.8% year-over-year.
  • GAAP diluted EPS for Q4 fiscal 2023 was $1.72.
  • Non-GAAP diluted EPS for Q4 fiscal 2023 was $1.73.
  • The company intends to pay regular quarterly cash dividends of at least $0.60 per share during each quarter of fiscal year 2024.

Headline financials

Total Revenue

$491M

Previous: $443M+10.8%
EPS (adj)

$1.73

Previous: $1.54+12.3%
Gross Margin

41.4%

Previous: 38.3%+8.1%
R&D Expense

$40.5M

Previous: $37.4M+8.3%
SG&A Expense

$18.9M

Previous: $19.6M-3.6%
Capital Expenditures

$5.28M

Previous: $2.41M+119.7%
Free Cash Flow

$9.16M

Previous: $67.6M-86.4%
Net Income

$104M

Previous: $92.5M+12.1%
Operating Income

$144M

Previous: $113M+27.8%
Gross Profit

$203M

Previous: $170M+19.9%
Cash & Equivalents

$115M

Previous: $136M-15.7%
Total Assets

$1.41B

Previous: $845M+66.5%
Stock-Based Comp

$1.34M

Previous: $1.01M+32.3%

Revenue & EPS history

Ubiquiti · Revenue · Quarterly

$491M

Q4 2023+10.8%vs Q4 2022
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Ubiquiti · $491M total across 2 segments · Q4 2023

  • Enterprise Tech
    $404M+17.3%
  • Service Provider
    $87M-11.8%

Forward guidance

The Company intends to pay regular quarterly cash dividends of at least $0.60 per share during each quarter of fiscal year 2024.

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 Q4 2023

Historical avgQ4 2023

+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%

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