Universal Electronics Q1 revenue falls, but net loss narrows; backs FY forecast

Universal Electronics

11/05/2026 21:17

Overview

Wireless control solutions provider's Q1 revenue fell yr/yr as demand remained soft

Adjusted non-GAAP net loss narrowed to $1.3 mln from $1.5 mln a year ago

Company reaffirmed full-year 2026 guidance, expects revenue decline but higher adjusted EPS

Outlook

Universal Electronics reaffirms full-year 2026 guidance, expects year-over-year revenue decline

Company expects 2026 adjusted non-GAAP diluted EPS of $0.45 to $0.65

Company says outlook is based on cost discipline, not a near-term demand recovery

Result Drivers

COST REDUCTION - Co said operating expenses fell by $5.3 mln yr/yr due to restructuring and refocusing actions

INVENTORY MANAGEMENT - Co reduced inventory by $9.8 mln yr/yr as part of working capital discipline

WEAK DEMAND - Co said results were consistent with anticipated operating environment, with no near-term recovery in demand expected

Company press release: ID:nBw6N9VD9a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted Net Income
-$1.30 mln
Q1 Adjusted Gross Margin
26.10%
Q1 Adjusted Operating Income
-$1.70 mln
Q1 Operating Income
-$3.90 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the household electronics peer group is "hold"

Wall Street's median 12-month price target for Universal Electronics Inc is $5.00, about 16.3% above its May 8 closing price of $4.30

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)