UEIC earnings analysis
What we found in UEIC's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Universal Electronics reported Q1 2026 revenue of $79.0 million, a notable decrease of 14.4% from $92.3 million in the prior year. Gross margins also saw a decline to 26.1% from 28.3% year-over-year, while the operating loss worsened slightly to $3.9 million from a loss of $3.8 million in the same quarter last year. The company reaffirmed its full-year guidance despite these challenges, highlighting increased operational efficiencies but continued pressures from tariffs and reduced consumer demand.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Declines by 14.4% YoY
- Net sales decreased to $79.0 million from $92.3 million in Q1 2025.
- Gross Margin Falls to 26.1%
- Gross margin percentage decreased from 28.3% in the prior year to 26.1%.
- Operational Cost Reductions Realized
- Operating expenses as a percentage of net sales reduced to 31.0% from 32.3%.
- Inventory Management Improvement
- Inventory decreased by $9.8 million, a significant improvement compared to the previous decrease of $3.0 million.
- Reduced Interest Expense
- Interest expense decreased to $0.1 million from $0.4 million due to lower average loan balances.
- Reaffirmed Guidance Amidst Challenges
- Company maintains full-year guidance for 2026, projecting adjusted EPS of $0.45-$0.65.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Continuing Operating Losses
- Operating loss increased to $3.9 million in Q1 2026 compared to $3.8 million in Q1 2025.
- Increased Net Loss Compared to Last Year
- Net loss reported at $7.3 million, up from $6.3 million in Q1 2025.
- Adverse Macro Conditions Impact Sales
- Expected negative impacts from tariffs and reduced consumer spending may further affect sales.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.58
- Gross margin
- 26.1%
- Operating margin
- -4.9%
- Segment
- Connected Home: $28.3M
- Segment
- Home Entertainment: $50.7M
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads worse than the one before it.
What came before.
- 10-K · March 12, 2026
- Universal Electronics reported net sales of $368.3M in 2025 (down 6.7% from $394.9M in 2024) while improving profitability and cash generation: operating loss narrowed to $6.4M in 2025 from $15.3M in 2024 and net cash…
- 10-Q · August 8, 2025
- Universal Electronics posted quarter-over-quarter improvement versus the prior year quarter: net sales rose to $97,665 (thousands) from $90,452 (thousands) and the company returned to operating income of $1,008…
- 10-K · March 11, 2025
- Universal Electronics reported FY2024 net sales of $394.9 million (down 6.1% vs. 2023) while materially improving gross margin to 28.9% (from 23.2%) and narrowing operating loss to $15.3 million (from $85.3 million).…
- 10-Q · November 7, 2024
- Universal Electronics reported Q3 net sales of $102,073 and a gross profit of $30,732, driving operating income of $418 and diluted loss per share of $(0.20). Revenue declined vs. the prior year quarter, but margins and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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