Monday 12 October 2026
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Ubiquiti Inc.
UI Technology Communication Equipment
Ubiquiti Inc.’s revenue for fiscal 2026 (year ended June 2026) was $3.3 billion, up 27.2% from fiscal 2025. In the quarter to June 2026, revenue grew 23.5%, EPS grew 6.80%, free cash flow grew 134.2% and total debt fell 88.3%, each against the same quarter a year earlier. Dividend growth for five consecutive years, operating cash flow growth for three.
623.40
33.89
−5.16%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | 45.71 | 49.40 | 95.64 | 110.01 | 236.11 | 218.15 | 103.00 | 104.24 | 255.00 | 500.23 |
Analyst estimates 2027–2029 Powerpack |
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| High | 73.21 | 115.44 | 199.91 | 284.89 | 401.81 | 350.63 | 303.76 | 366.34 | 803.60 | 1,099.99 | |||||
| People | |||||||||||||||
| People | Employees | 725 | 843 | 955 | 714 | 1,223 | 1,137 | 1,059 | 1,515 | 1,667 | 1,818 | ||||
| Revenue/emp, $m | 1.19 | 1.21 | 1.22 | 1.80 | 1.55 | 1.49 | 1.83 | 1.27 | 1.54 | 1.80 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | 865 | 1,017 | 1,162 | 1,285 | 1,898 | 1,692 | 1,941 | 1,928 | 2,574 | 3,274 | ||||
| Gross margin, % | 45.73 | 43.62 | 46.28 | 47.35 | 48.06 | 39.59 | 39.20 | 38.36 | 43.42 | 46.16 | |||||
| EBT | 285 | 314 | 381 | 450 | 728 | 444 | 486 | 424 | 806 | 1,183 | |||||
| EBT margin, % | 32.94 | 30.89 | 32.84 | 35.05 | 38.34 | 26.27 | 25.06 | 21.98 | 31.31 | 36.13 | |||||
| Net income | 258 | 196 | 323 | 380 | 617 | 379 | 408 | 350 | 712 | 960 | |||||
| Depreciation | 7 | 8 | 8 | 14 | 14 | 15 | 18 | 21 | 24 | 20 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | 10.62 | 13.18 | 16.26 | 19.63 | 30.13 | 27.42 | 32.11 | 31.90 | 42.55 | 54.11 | ||||
| Earnings | 3.16 | 2.54 | 4.52 | 5.81 | 9.79 | 6.14 | 6.75 | 5.79 | 11.77 | 15.87 | |||||
| Cash flow | 1.38 | 4.30 | 3.63 | 7.04 | 9.72 | 6.00 | (2.41) | 8.96 | 10.58 | 15.35 | |||||
| Capex | (0.09) | (0.12) | (0.72) | (0.47) | (0.29) | (0.22) | (0.35) | (0.20) | (0.21) | (0.33) | |||||
| Free cash flow | 1.29 | 4.18 | 2.91 | 6.57 | 9.43 | 5.78 | (2.75) | 8.76 | 10.37 | 15.02 | |||||
| Book value | 7.39 | 4.09 | 1.39 | (4.52) | 0.04 | (6.21) | (1.91) | 1.57 | 11.05 | 23.80 | |||||
| Shares, m | 81 | 77 | 71 | 65 | 63 | 62 | 60 | 60 | 60 | 61 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | 16.39 | 33.63 | 29.06 | 30.04 | 31.89 | 40.56 | 26.04 | 25.44 | 34.97 | 33.63 | ||||
| P/S | 4.89 | 6.53 | 8.06 | 8.89 | 10.36 | 9.05 | 5.47 | 4.62 | 9.67 | 9.87 | |||||
| P/B | 7.04 | 21.05 | 94.29 | 0.00 | 7,286.09 | 0.00 | 0.00 | 93.66 | 37.26 | 22.44 | |||||
| EV/Sales | 4.49 | 6.36 | 8.22 | 9.29 | 10.49 | 9.44 | 5.97 | 4.92 | 9.86 | 9.81 | |||||
| EV/FCF | 37.09 | 20.01 | 46.00 | 27.77 | 33.53 | 44.74 | (69.63) | 17.91 | 40.45 | 35.35 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | 112 | 332 | 259 | 460 | 612 | 370 | (145) | 542 | 640 | 929 | ||||
| Capex | (7) | (9) | (52) | (31) | (18) | (13) | (21) | (12) | (13) | (20) | |||||
| Free cash flow | 105 | 323 | 208 | 430 | 594 | 357 | (166) | 530 | 627 | 909 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | 854 | 888 | 575 | 322 | 418 | 311 | 815 | 631 | 462 | 1,208 | ||||
| Total debt | 257 | 485 | 495 | 653 | 491 | 786 | 1,078 | 706 | 250 | — | |||||
| Net debt | (348) | (182) | 187 | 509 | 240 | 650 | 963 | 580 | 100 | (611) | |||||
| Shareholders’ equity | 602 | 316 | 99 | (295) | 3 | (383) | (116) | 95 | 668 | 1,440 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | 29.95 | 19.68 | 34.00 | 47.14 | 75.73 | 43.63 | 36.22 | 27.33 | 54.33 | 52.41 | ||||
| ROIC | 71.26 | 152.29 | 85.97 | 139.99 | 191.11 | 108.22 | 40.17 | 46.20 | 68.05 | 89.37 | |||||
| ROE | 49.42 | 42.79 | 155.51 | (387.70) | (421.22) | (199.20) | (163.51) | (3,385.67) | 186.53 | 91.09 | |||||
Negative figures in brackets.
Fiscal years to Jun 2026 · latest quarter Jun 2026
Charts ten years each
Ubiquiti Inc. vs peers in Communication Equipment (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LITE Lumentum Holdings Inc. | $95.0B | — (loss-making) | 54.3× | +109.34% (above 0%: growing) | n/m | +1,870.30% (above 0%: growing) | 47.43% | 27.76% | Compare |
| HPE Hewlett Packard Enterprise Company | $94.3B | 36.5× | 22.3× | +33.68% (above 0%: growing) | +438.10% (above 0%: growing) | +20.63% (above 0%: growing) | 40.11% | 11.41% | Compare |
| MSI Motorola Solutions, Inc. | $74.0B | 34.6× | 30.9× | +13.31% (above 0%: growing) | +9.09% (above 0%: growing) | +84.00% (above 0%: growing) | 53.56% | 25.82% | Compare |
| CIEN Ciena Corporation | $60.4B | 97.4× | 94.0× | +37.05% (above 0%: growing) | +437.14% (above 0%: growing) | −13.59% (below 0%: shrinking) | 45.43% | 18.02% | Compare |
| NOK Nokia Corporation | $56.8B | 5.6× | — | +8.48% (above 0%: growing) | n/m | −624.57% (below 0%: shrinking) | 44.57% | (1.04%) | Compare |
| UI Ubiquiti Inc. | $38.9B | 41.4× | 30.7× | +23.47% (above 0%: growing) | +6.80% (above 0%: growing) | +134.17% (above 0%: growing) | 45.80% | 36.27% | |
| ERIC Ericsson | $28.9B | 12.3× | — | −3.14% (below 0%: shrinking) | −7.14% (below 0%: shrinking) | −89.23% (below 0%: shrinking) | 45.78% | 11.24% | Compare |
| ASTS AST SpaceMobile, Inc. | $22.2B | — (loss-making) | — (loss-making) | +2,626.64% (above 0%: growing) | n/m | −103.37% (below 0%: shrinking) | 25.23% | (944.09%) | Compare |
| ZBRA Zebra Technologies Corporation | $18.1B | 35.2× | 18.8× | +20.42% (above 0%: growing) | +122.27% (above 0%: growing) | +52.31% (above 0%: growing) | 52.99% | 20.62% | Compare |
| Median of peers | $58.6B | 34.9× | 30.9× | +27.05% | +122.27% | +3.52% | 45.60% | 14.72% |
Ubiquiti Inc. (UI) key facts
- Strength: Ubiquiti Inc.’s revenue for fiscal 2026 (year ended June 2026) was $3.3 billion, up 27.2% from fiscal 2025.
- Strength: Net income was $960.3 million, or $15.87 per share (basic), a net margin of 29.3%.
- Ubiquiti Inc. (UI) is a Communication Equipment company in the Technology sector, listed on the New York Stock Exchange.
- As of October 12, 2026, UI traded at $623.40, a market capitalization of $39.8 billion.
- At that price the stock trades at 41.4× trailing-twelve-month earnings and 12.1× sales; its P/E is higher than 81% of its own readings over the past ten years.
- Ubiquiti Inc. pays an annual dividend of $3.40 per share, a yield of 0.52%, with a payout ratio of 21.5%.
- Return on equity was 91.1% and debt-to-equity 0.00.
- Its Piotroski F-score is 5 out of 9 and its Altman Z-score is 30.41 (safe zone) for fiscal 2026.