Ubiquiti Inc., the Manhattan-based networking equipment maker behind the popular UniFi and EdgeMax product lines, posted a blowout fourth-quarter earnings report before Friday's opening bell, sending its stock climbing more than 3% in early trading.

The company reported fiscal fourth-quarter revenue of $937.3 million, up 23.5% from $759.2 million a year earlier and well ahead of Wall Street's $868.35 million estimate, according to the company's earnings release. Non-GAAP earnings per share came in at $4.73, topping the $4.48 consensus by 25 cents, while GAAP net income rose 6.8% to $284.9 million.

For the full fiscal year ended June 30, Ubiquiti's revenue hit $3.3 billion, a 27.2% jump from $2.6 billion in fiscal 2025, and non-GAAP earnings per share climbed to $15.95 from $10.96. The growth was driven largely by the company's Enterprise Technology segment, which includes its UniFi networking and security-camera hardware, where revenue surged to $868.3 million from $680.1 million a year ago, per the exhibit filed with the SEC.

Bigger Dividend, Bigger Buyback

Alongside the results, Ubiquiti's board declared a $1.00-per-share quarterly dividend, payable September 8, and said it intends to maintain at least that payout every quarter through fiscal 2027. The company also extended its share-repurchase authorization, clearing the way for up to $500 million in buybacks through September 30, 2027.

Investors welcomed the numbers. Shares of the notoriously earnings-call-averse company — Ubiquiti famously skips live conference calls, sticking to written releases — gained roughly 3.3% following the report, according to Investing.com, extending a run that has left the stock up double digits over the past year.

Not every metric was rosy. Gross margin slipped to 45.8% in the quarter, down from 47.0% in the prior quarter though still up from 45.1% a year earlier, and the company flagged rising component costs and tightening supply as risks to profitability heading into fiscal 2027. Ubiquiti, founded by CEO Robert Pera in 2005, has built its reputation on selling enterprise-grade networking gear directly to consumers and small businesses at prices well below rivals like Cisco, a model that has fueled years of rapid growth but leaves it exposed to hardware-cost swings.

The company did not issue formal forward guidance, a longstanding practice, leaving analysts to parse the quarter's momentum against the margin warning as they model out the new fiscal year.