Ubiquiti reports Q2 EPS $2.28 vs. $1.38 last year

Reports Q2 revenue $599.88M vs. $464.95M last year. The company said, “During the second quarter fiscal 2025, GAAP net income was $136.8 million and non-GAAP net income was $138.1 million. This reflects an increase in GAAP net income and non-GAAP net income from the comparable prior year period by 66.6% and 65.9%, respectively, primarily driven by higher revenues and gross profit. Second quarter fiscal 2025 GAAP earnings per diluted share was $2.26 and non-GAAP earnings per diluted share was $2.28. This reflects an increase in GAAP and non-GAAP earnings per diluted share from the comparable prior year period of 66.2% and 65.2%, respectively.”