Universal Electronics (NASDAQ:UEIC) Issues Earnings Results, Beats Estimates By $0.31 EPS

Universal Electronics (NASDAQ:UEIC) issued its quarterly earnings results on Thursday. The technology company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.31, FiscalAI reports. The company had revenue of $73.24 million during the quarter, compared to analysts’ expectations of $78.13 million. Universal Electronics had a positive return on equity of 0.41% and a negative net margin of 5.54%. Universal Electronics updated its FY 2026 guidance to 0.450-0.650 EPS.

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

• Revenue fell 25% year over year to $73.2 million, with declines in both Connected Home and Home Entertainment driven by weak customer demand, subscription-broadcasting pressure, legacy video trends, and delayed Connected Home growth.
• Adjusted non-GAAP operating expenses declined 24% year over year to $19.4 million, helping the company move from an adjusted loss in Q1 to adjusted net income of $4.6 million, or $0.34 per share, in Q2 despite lower revenue.
• Management reaffirmed its full-year 2026 adjusted diluted EPS guidance of $0.45 to $0.65, versus $0.31 in 2025, while reporting $5.5 million of positive first-half operating cash flow, $32.4 million of cash, and no borrowings on its U.S. credit line.
• Customer traction included becoming the sole-source supplier for a major video customer’s remote-control program entering production in November and shipping the first mass-production lot of a smart thermostat platform, with additional fourth-quarter volume requested.
• Richard Carnifax stepped down as interim CEO, with CFO Wade Jenke appointed CEO effective August 6; management said the leadership transition does not change the operating plan, while component costs and availability remain key second-half risks and Amazon and Roku intellectual-property litigation continues.

Universal Electronics Price Performance

NASDAQ:UEIC traded up $0.04 during trading hours on Thursday, reaching $4.80. The company had a trading volume of 33,915 shares, compared to its average volume of 51,078. Universal Electronics has a 1-year low of $2.69 and a 1-year high of $6.69. The firm has a market cap of $60.62 million, a PE ratio of -3.20 and a beta of 1.19. The business’s 50 day moving average price is $4.39 and its 200-day moving average price is $4.20.

Analysts Set New Price Targets

Several research analysts have recently issued reports on UEIC shares. Weiss Ratings upgraded Universal Electronics from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered shares of Universal Electronics from a “buy” rating to a “hold” rating in a research report on Saturday, May 16th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Universal Electronics currently has an average rating of “Reduce” and an average target price of $5.75.

Institutional Trading of Universal Electronics

A number of hedge funds have recently added to or reduced their stakes in UEIC. Man Group plc boosted its stake in shares of Universal Electronics by 2.9% during the 4th quarter. Man Group plc now owns 102,924 shares of the technology company’s stock worth $372,000 after acquiring an additional 2,905 shares in the last quarter. State Street Corp raised its holdings in Universal Electronics by 9.7% in the 4th quarter. State Street Corp now owns 56,520 shares of the technology company’s stock worth $204,000 after purchasing an additional 5,000 shares during the period. Empowered Funds LLC boosted its position in Universal Electronics by 9.8% during the fourth quarter. Empowered Funds LLC now owns 66,178 shares of the technology company’s stock worth $239,000 after purchasing an additional 5,900 shares in the last quarter. Citadel Advisors LLC grew its holdings in Universal Electronics by 12.3% in the third quarter. Citadel Advisors LLC now owns 78,005 shares of the technology company’s stock valued at $364,000 after purchasing an additional 8,547 shares during the period. Finally, Goldman Sachs Group Inc. increased its position in shares of Universal Electronics by 15.6% in the first quarter. Goldman Sachs Group Inc. now owns 36,341 shares of the technology company’s stock valued at $222,000 after buying an additional 4,893 shares in the last quarter. 79.35% of the stock is owned by hedge funds and other institutional investors.

About Universal Electronics

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.