Universal Electronics Q2 adjusted EPS rises despite lower sales amid workforce reduction

Universal Electronics

06/08/2026 22:01

Overview
Wireless control solutions maker's Q2 revenue fell sharply yr/yr on lower connected home and entertainment sales
Adjusted EPS for Q2 rose yr/yr as operating expenses declined significantly
Company declared $0.24 per share special dividend and named Wade Jenke as CEO

Outlook
Company reiterates fiscal 2026 adjusted non-GAAP diluted EPS guidance of $0.45-$0.65

Result Drivers
COST REDUCTION - Co said significant reductions in operational and operating expenses improved profitability
GROSS MARGIN IMPROVEMENT - Co attributed higher gross margins to operational efficiency measures
GLOBAL REDUCTION IN FORCE - Severance costs reflect a global reduction in force impacting selling, general and administrative, engineering, and R&D functions

Company press release: ID:nBw9JyQsla

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$73.24 mln
 
Q2 Adjusted EPS
 
$0.34
$0.03 (1 Analyst)

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 5% above its August 5 closing price of $4.76

Reuters Recommended Reads
Aug 6 - Amazon sued by Universal Electronics for infringing smart-device patents
Aug 5 - Xperi Q2 revenue beats analyst estimates on TiVo One user growth
Aug 6 - Arlo Technologies Q2 revenue beats estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)