UI Q2 2024 Earnings — Ubiquiti Inc. Revenue & Financial Results | Market Cap Arena

UIUbiquiti Inc.

$47B

Q2 2024 Earnings

Technology Communication Equipment

Income Statement

Revenue

$465M-5.8% YoY

Gross Profit

$178M38.2% margin

Operating Income

$121M26.0% margin

Net Income

$82M17.7% margin

EPS (Diluted)

$1.36

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$79M

Free Cash Flow

$75M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$1.3B

Total Liabilities

$1.4B

Stockholders' Equity

-$16M

Cash & Equivalents

$98M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$465M	$494M	-5.8%
Gross Profit	$178M	$198M	-10.1%
Operating Income	$121M	$145M	-16.6%
Net Income	$82M	$112M	-26.8%

Revenue Segments

Enterprise Technology

$391M84%

Service Provider Technology

$73M16%

Geographic Segments

North America

$226M49%

EMEA

$173M37%

Asia Pacific

$33M7%

South America

$33M7%