Ubiquiti misses third quarter 2026 estimates despite 19% revenue growth and expanding gross margins.

Ubiquiti reported third quarter fiscal 2026 revenue of $788.2 million, an increase of 18.7% year-over-year, with GAAP diluted EPS of $3.86. Both headline figures missed analyst expectations.

Key Highlights

• Year-over-year revenue growth was driven by the Enterprise Technology segment, which grew 22.6% to $717.9 million, while the Service Provider segment declined 10.3%.
• Gross margin expanded to 47.0% from 44.5% in the prior-year period, attributed to a favorable product mix, lower shipping costs, and reduced inventory charges.
• The company's net profit margin was 29.7% on GAAP net income of $233.9 million, remaining near industry-leading levels but slightly below the 29.9% focus estimate.