Universal Electronics Q4 revenue falls on weak home entertainment and connected home demand
Overview
Wireless control solutions provider's Q4 revenue declined yr/yr, home entertainment and connected home sales fell
Adjusted non-GAAP net income positive for Q4
Company repurchased 5.8% of shares in Q4
Outlook
Universal Electronics expects FY 2026 revenue to decline year over year
Company expects FY 2026 adj non-GAAP EPS of $0.45 to $0.65
Result Drivers
COST REDUCTIONS - Co said operational cost reductions and restructuring improved profitability and cash flow
MARGIN IMPROVEMENT - Improved gross margin attributed to operational efficiency and positive product mix
Company press release: ID:nBw9TdmH1a
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Adjusted Net Income |
| $2.3 mln |
|
Q4 Adjusted Gross Margin |
| 29.7% |
|
Q4 Adjusted Operating Income |
| $3.3 mln |
|
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 39.3% above its March 11 closing price of $3.59
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