Universal Electronics | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 79.04 M

Revenue: As of FY2026 Q1, the actual value is USD 79.04 M, beating the estimate of USD 73.86 M.

EPS: As of FY2026 Q1, the actual value is USD -0.58.

EBIT: As of FY2026 Q1, the actual value is USD -3.806 M.

Financial Results for the Three Months Ended March 31, 2026 vs. 2025

Revenue

• Universal Electronics Inc. reported GAAP net sales of $79.0 million for Q1 2026, a decrease from $92.3 million in Q1 2025. Connected Home GAAP net sales were $28.3 million in Q1 2026, down from $31.7 million in Q1 2025. Home Entertainment GAAP net sales were $50.7 million in Q1 2026, compared to $60.6 million in Q1 2025 .

Operational Metrics

• GAAP gross margins were 26.1% in Q1 2026, down from 28.3% in Q1 2025. Adjusted non-GAAP gross margins were also 26.1% in Q1 2026, decreasing from 28.3% in Q1 2025 .
• GAAP operating expenses decreased by $5.3 million year-over-year, totaling $24.5 million in Q1 2026 compared to $29.8 million in Q1 2025. Adjusted non-GAAP operating expenses also decreased by $5.3 million year-over-year, to $22.3 million in Q1 2026 from $27.6 million in Q1 2025 .
• The company reported a GAAP operating loss of -$3.9 million in Q1 2026, compared to a GAAP operating loss of -$3.8 million in Q1 2025. The Adjusted non-GAAP operating loss was -$1.7 million in Q1 2026, compared to -$1.5 million in Q1 2025 .
• Adjusted non-GAAP operating income (loss) as a percentage of net sales was -2.1% in Q1 2026, compared to -1.6% in Q1 2025 .
• GAAP net loss was -$7.3 million in Q1 2026, compared to -$6.3 million in Q1 2025. Adjusted non-GAAP net loss was -$1.3 million in Q1 2026, compared to -$1.5 million in Q1 2025 .

Cash Flow

• Net cash provided by (used for) operating activities was -$781 thousand in Q1 2026, compared to $8.98 million in Q1 2025. Cash and cash equivalents stood at $29.8 million as of March 31, 2026 .

Unique Metrics

• Inventory reduction amounted to approximately $9.8 million year-over-year .

Financial Outlook

Universal Electronics Inc. reaffirmed its full-year 2026 guidance, which remains unchanged from its prior outlook. The company is guiding for a year-over-year revenue decline for the full year 2026. Adjusted non-GAAP diluted earnings per share are expected to be in the range of $0.45 to $0.65 for the full year 2026, compared to $0.31 per share in fiscal 2025 .