Universal Electronics Q1 net loss widens to $7.3 million; net sales drop 14.4% to $79 million

• UEI posted Q1 2026 net loss of $7.3 million, or $0.58 per share, widening from a year earlier.
• Net sales fell 14.4% to $79 million, led by home entertainment down to $50.7 million and connected home sliding to $28.3 million.
• Gross margin narrowed 2.2 percentage points to 26.1%, while operating loss widened to $3.9 million.
• Interim CEO Richard Carnifax cited a $5.3 million year-over-year cut in operating expenses and about $9.8 million reduction in inventory; cash and cash equivalents totaled $29.8 million at March 31, 2026.
• Full-year 2026 guidance was reaffirmed, with adjusted non-GAAP diluted EPS seen at $0.45 to $0.65 despite a projected year-over-year revenue decline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UEI - Universal Electronics Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202605111605BIZWIRE_USPR_____20260511_BW927280) on May 11, 2026, and is solely responsible for the information contained therein.