Quarterly ResultMay 11, 2026, 04:15 PM
Universal Electronics Q1 Net Sales $79.0M; GAAP Net Loss $7.3M
AI Summary
Universal Electronics Inc. reported Q1 2026 financial results with GAAP net sales declining to $79.0 million from $92.3 million year-over-year, leading to a GAAP net loss of $7.3 million, or $0.58 per share. Despite the sales decline, the company improved its adjusted non-GAAP net loss to $1.3 million, or $0.10 per share, from $1.5 million, or $0.12 per share in the prior year, driven by a $5.3 million reduction in operating expenses and a $9.8 million inventory reduction. The company reaffirmed its full-year 2026 adjusted non-GAAP diluted EPS guidance in the range of $0.45 to $0.65, up from $0.31 in fiscal 2025, emphasizing disciplined execution and cost structure alignment.
Key Highlights
- GAAP net sales decreased to $79.0 million from $92.3 million year-over-year.
- GAAP net loss was $7.3 million, or $0.58 per share, compared to $6.3 million, or $0.48 per share YoY.
- Adjusted non-GAAP net loss improved to $1.3 million, or $0.10 per share, from $1.5 million, or $0.12 per share YoY.
- GAAP operating expenses decreased by $5.3 million year-over-year.
- Inventory was reduced by approximately $9.8 million.
- Connected home net sales were $28.3 million, and home entertainment net sales were $50.7 million.
- Reaffirmed full-year 2026 adjusted non-GAAP diluted EPS guidance of $0.45 to $0.65.
- Cash and cash equivalents stood at $29.8 million as of March 31, 2026.