Universal Electronics (NASDAQ:UEIC) Releases Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Universal Electronics (NASDAQ:UEIC) posted its earnings results on Monday. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.07), FiscalAI reports. The business had revenue of $79.04 million during the quarter, compared to the consensus estimate of $73.86 million. Universal Electronics had a negative return on equity of 0.47% and a negative net margin of 5.05%. Universal Electronics updated its FY 2026 guidance to 0.450-0.650 EPS.

Here are the key takeaways from Universal Electronics’ conference call:

• Company revenue was $79.0 million, down 14.4% year‑over‑year, with both Home Entertainment and Connected Home reporting declines due to weaker demand and delayed customer deployments.
• Margins remained under pressure—adjusted non‑GAAP gross margin fell to 26.1% from 28.3% and the company reported an adjusted non‑GAAP operating loss of $1.6 million, driven by unfavorable product mix, delayed high‑margin rollouts, tariffs, and commodity/memory cost issues.
• Management executed structural cost actions that reduced operating expenses by $5.3 million year‑over‑year and expects approximately $5 million of annualized labor cost savings (with ~ $1.3 million of one‑time severance).
• R&D spending was tightened to $5.4 million (down from $7.2M) as UEI narrows focus to initiatives with clearer paths to accretive returns and core platforms, preserving capability while reducing longer‑shot projects.
• Working capital improved—inventory fell by $9.8 million, accounts receivable declined, cash stood at $29.8 million, and the company reaffirmed full‑year adjusted non‑GAAP diluted EPS guidance of $0.45–$0.65 (vs $0.31 in FY2025).

Universal Electronics Price Performance

Shares of UEIC opened at $4.23 on Tuesday. Universal Electronics has a one year low of $2.69 and a one year high of $7.50. The company has a 50-day simple moving average of $4.16 and a two-hundred day simple moving average of $3.80. The firm has a market capitalization of $53.34 million, a PE ratio of -3.02 and a beta of 1.23.

Institutional Trading of Universal Electronics

Several institutional investors and hedge funds have recently bought and sold shares of UEIC. NewEdge Advisors LLC purchased a new stake in Universal Electronics in the third quarter worth about $64,000. Quadrature Capital Ltd lifted its holdings in Universal Electronics by 47.6% in the fourth quarter. Quadrature Capital Ltd now owns 24,957 shares of the technology company’s stock worth $90,000 after buying an additional 8,044 shares during the period. XTX Topco Ltd lifted its holdings in Universal Electronics by 41.5% in the fourth quarter. XTX Topco Ltd now owns 36,175 shares of the technology company’s stock worth $131,000 after buying an additional 10,604 shares during the period. Prelude Capital Management LLC lifted its holdings in Universal Electronics by 88.7% in the third quarter. Prelude Capital Management LLC now owns 29,161 shares of the technology company’s stock worth $136,000 after buying an additional 13,705 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in Universal Electronics by 13.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 51,272 shares of the technology company’s stock worth $185,000 after buying an additional 5,932 shares during the period. 79.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on UEIC. Wall Street Zen raised Universal Electronics from a “hold” rating to a “buy” rating in a research note on Saturday, March 21st. Weiss Ratings raised Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, April 22nd. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.75.

Universal Electronics Company Profile

Universal Electronics Inc (NASDAQ:UEIC) is a leading provider of sensing and control technologies for the smart home and consumer electronics markets. The company specializes in design, development and manufacturing of remote control devices, wireless connectivity modules and integrated sensing solutions. Its core expertise lies in infrared (IR) and radio frequency (RF) remote controls, voice-enabled control devices and universal remotes that allow consumers to manage multiple home entertainment and automation systems through a single interface.

In addition to traditional remote control products, Universal Electronics has expanded its portfolio to include Internet of Things (IoT) gateways, home-automation hubs and cloud-based management platforms.