Universal Electronics Q2 swings to GAAP profit of $1.64 million; GAAP net sales fall 25.03% to $73.24 million - UEIC News | RalliesUniversal Electronics Q2 swings to GAAP profit of $1.64 million; GAAP net sales fall 25.03% to $73.24 million
U
UEIC• Dividend, lawsuit and leadership update
- Board declared a one-time USD 0.24 per share special cash dividend.
- The company filed a patent infringement lawsuit against Amazon.
- Universal Electronics named Wade M. Jenke CEO.
Q2 results turn profitable despite lower sales
- UEI Q2 2026 GAAP net sales fell 25.07% to USD 73.2 million.
- GAAP net income turned to profit at USD 1.6 million, or USD 0.12 per diluted share.
- GAAP gross margin widened 5.5 percentage points to 35.4%.
- GAAP operating income rose to USD 4.8 million; GAAP operating expenses decreased USD 7.1 million on cost reductions.
ESE
•
