UI Q2 2023 Earnings — Ubiquiti Inc. Revenue & Financial Results | Market Cap Arena

UIUbiquiti Inc.

$47B

Q2 2023 Earnings

Technology Communication Equipment

Income Statement

Revenue

$494M+14.4% YoY

Gross Profit

$198M40.0% margin

Operating Income

$145M29.4% margin

Net Income

$112M22.7% margin

EPS (Diluted)

$1.86

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

-$40M

Free Cash Flow

-$44M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$1.5B

Stockholders' Equity

-$248M

Cash & Equivalents

$160M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$494M	$432M	+14.4%
Gross Profit	$198M	$175M	+13.1%
Operating Income	$145M	$125M	+15.8%
Net Income	$112M	$104M	+8.3%

Revenue Segments

Enterprise Technology

$417M85%

Service Provider Technology

$76M15%

Geographic Segments

North America

$227M46%

EMEA

$195M40%

Asia Pacific

$44M9%

South America

$27M5%