Ubiquiti Inc. reported record revenues of $599.9 million for the second quarter of fiscal 2025, which ended December 31, 2024. This represents a 29.0% increase from the comparable prior year period and a 9.0% increase from the previous quarter. The revenue growth was driven by both the Enterprise Technology and Service Provider Technology platforms.
The Enterprise Technology segment's revenue surged to $518.2 million, up from $391.5 million in the prior year's second quarter. The Service Provider Technology segment also saw an increase, reaching $81.7 million compared to $73.5 million. Gross profit for the quarter was $247.2 million, with a gross margin of 41.2%, an increase from 38.2% in the prior year period.
GAAP diluted earnings per share for the second quarter were $2.26, a substantial increase from $1.36 in the comparable prior year period. Non-GAAP diluted earnings per share were $2.28, up from $1.38. These figures highlight the company's continued operational efficiency and profitability improvements.
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