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Ubiquiti Inc. UI Gross margin

Gross margin at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
64.3%-0.9pp
Fortinet logo
FortinetFTNT
80.3%-1.0pp
Broadcom Inc. logo
Broadcom Inc.AVGO
68.3%+2.2pp
Marvell Technology, Inc. logo
Marvell Technology, Inc.MRVL
51.5%+8.3pp
Ciena logo
CienaCIEN
43%+1.1pp
MACOM Technology Solutions logo
MACOM Technology SolutionsMTSI
55.7%+1.4pp

Other financials

Income statement

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Revenue$788.2M+18.7%
Gross profit$370.7M+25.3%
Operating income$290.8M+28.2%
Net income$233.9M+29.6%
EPS (diluted)$3.86+29.5%

Balance sheet

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Cash & equivalents$368.7M+144%
Total debt$66.9M-82.6%
Total equity$1.2B+176%
Total assets$1.7B+32.1%

Cash flow

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Operating cash flow$167.8M+35.8%
CapEx$5.6M+96.6%
Free cash flow$162.2M+34.4%

Valuation

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Market cap$35.68B+155%
Enterprise value$35.37B+150%
P/E37.9×+12.4×
P/S11.5×+5.5×

Profitability

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Operating margin35.8%+5.0pp
Net margin30.4%+6.8pp
FCF margin23.9%-7.6pp

Returns & leverage

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Return on equity115%-123pp
Debt / equity0.1×-0.8×
Current ratio3.6×+2.2×

Where this comes from

Calculated from Ubiquiti Inc.’s reported figures.

Based on trailing twelve months.

The official record: Ubiquiti Inc.’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Ubiquiti Inc.'s gross margin?
Ubiquiti Inc. (UI) reported gross margin of 46% in Q1 2026.
How has Ubiquiti Inc.'s gross margin changed year-over-year?
Ubiquiti Inc.'s gross margin increased by 9.2% year-over-year, from 42.2% to 46%.
What is the long-term trend for Ubiquiti Inc.'s gross margin?
Over 4 years (2021 to 2025), Ubiquiti Inc.'s gross margin has grown at a -2.5% compound annual growth rate (CAGR), from 48.1% to 43.4%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.