# Ubiquiti Inc. (UI)

> Source: Nexqual · https://nexqual.com/UI · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, Ubiquiti Inc. (UI), nexqual.com/UI" · informational, not investment advice.

**Price:** USD 617.99 (+2.06% on the day) · last close of Oct 15, 2026; US market closed, not a live price. Prev close 605.51 · day 583.84–619.73 · 52w 500.23–1,099.99 · market cap $37.4B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $3.27B, net income $960M (29.3% margin), free cash flow $909M (SEC filings).
- Valuation: P/E 39.0x (avg 31.3x at the last 3 fiscal year-ends).
- Analysts: Hold (mean 3.00 on a 1–5 scale) (2 analysts), mean target USD 734.5 (range 489–980).
- Total return with dividends: 1Y -17.6% vs S&P 500 +18.1%; 5Y +103.5% vs S&P 500 +85.1%.
- Next earnings: 2026-11-06, EPS estimate USD 4.25, revenue estimate $977M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.69B | $1.94B | $1.93B | $2.57B | $3.27B | $3.27B |
| Gross profit | $670M | $761M | $740M | $1.12B | $1.51B | — |
| Operating income | $462M | $545M | $499M | $836M | $1.19B | $1.19B |
| Net income | $379M | $408M | $350M | $712M | $960M | $960M |
| EPS (diluted) | $6.13 | $6.74 | $5.79 | $11.76 | $15.85 | — |
| Free cash flow | $357M | -$166M | $530M | $627M | $909M | $909M |
| Gross margin | 39.6% | 39.2% | 38.4% | 43.4% | 46.2% | — |
| Operating margin | 27.3% | 28.1% | 25.9% | 32.5% | 36.2% | 36.2% |
| Net margin | 22.4% | 21.0% | 18.1% | 27.7% | 29.3% | 29.3% |
| Revenue growth | -10.9% | +14.7% | -0.6% | +33.4% | +27.2% | — |
| Cash + short-term investments | $137M | $115M | $126M | $150M | $611M | — |
| Total debt | $786M | $1.08B | $706M | $250M | — | — |
Fiscal years end Jun. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 39.0x · P/S 11.4x · P/FCF 41.2x · P/B 26.0x · FCF yield 2.43% · Earnings yield 2.57% · Dividend yield (paid, TTM) 0.52%
P/E at fiscal year-ends: Jun 2026 33.7x, Jun 2025 35.0x, Jun 2024 25.2x.

## Analysts
Consensus Hold (mean 3.00 on a 1–5 scale), 2 analysts; mean target USD 734.5 (low 489, high 980).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-29 | BWS Financial | Maintained | Buy | $980 |
| 2026-08-27 | BWS Financial | Maintained | Buy | $980 |
| 2026-08-24 | Barclays | Target lowered | Underweight | $672 → $489 |
| 2026-07-08 | BWS Financial | Maintained | Buy | $980 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-16) | 5Y (from 2021-10-11) |
|---|---|---|
| Total return | -17.6% | +103.5% |
| S&P 500 (SPY) | +18.1% | +85.1% |
| Per year | -17.6% | +15.2% |
| Volatility (annualized) | 53.4% | 48.5% |
| Max drawdown | -51.9% (Apr 2026→Sep 2026) | -69.3% (Oct 2022→Oct 2023) |

## Peers (Communication Equipment)
ERIC (Ericsson) USD 10.71 +10.30% · CIEN (Ciena Corporation) USD 356.52 -10.96% · NOK (Nokia Corporation Sponsored) USD 9.57 -2.94% · MSI (Motorola Solutions, Inc.) USD 456.39 +1.64% · LITE (Lumentum Holdings Inc.) USD 869.54 -11.99% · ZBRA (Zebra Technologies Corporation) USD 377.51 -2.34%

## More
Full page: https://nexqual.com/UI · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt