UNIVERSAL ELECTRONICS INC (UEIC) Form 10-Q — Aug 6, 2026
Universal Electronics reported Q2 2026 net sales of $73.2 million, down 25.0% from $97.7 million a year earlier, but swung to net income of $1.6 million ($0.13 basic EPS) from a $2.9 million net loss in Q2 2025. Gross margin expanded to 35.4% from 29.9%, with roughly 690 basis points of the improvement coming from the sale of its IEEPA tariff refund claims, while cost cuts reduced R&D expense to $4.3 million and SG&A to $16.8 million from $7.0 million and $21.2 million respectively.
Key figures
- Eps
- $0.13 basic / $0.12 diluted (Q2 2026); $(0.45) six months 2026
- Revenue
- $73.2 million (Q2 2026); $152.3 million (six months 2026)
- Guidance
- Company expects $3.0-$4.0 million of capital expenditures for the remainder of 2026 and expects the U.S. to remain in a pre-tax loss position for full-year 2026, resulting in an elevated effective tax rate.
- Net Income
- $1.6 million (Q2 2026); $(5.7) million (six months 2026)
- Total Debt
- $20.8 million lines of credit and short-term financing (including $11.8 million outstanding on China credit line; $0 on U.S. credit line)
- Revenue Yoy
- -25.0% (Q2 2026)
- Total Assets
- 267329000
- Cash Position
- 32399000
- Shares Outstanding
- 12885062
- Interest rates
- U.S. credit line 6.75%; China credit line 2.90%
- Cbp receipts to date
- $8.8 million including interest as of August 6, 2026
- Gross margin q2 2026
- 35.4% vs 29.9% (Q2 2025)
- Days sales outstanding
- 77 days vs 75 days a year ago
- Buyback shares available
- 1013556
- Daikin share of q2 sales
- 20.9%
- Operating income q2 2026
- $4.8 million vs $1.0 million (Q2 2025)
- Comcast share of q2 sales
- 11.4%
- Tariff claim sale proceeds
- approximately $7.6 million
- Us credit line availability
- $41.4 million at June 30, 2026
- Inventory purchase commitments
- $15.1 million vs $4.3 million at December 31, 2025
- Expected customer tariff refunds
- $3.9 million
- Gross margin boost from claim sale
- approximately 690 basis points in Q2
- Cumulative mexico restructuring charges
- $4.2 million
Price after filing
Close on the filing date to close N calendar days later (from $4.80). Historical, not a forecast.
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