Universal Electronics, Q3 2026 Earnings Call Transcript

Universal Electronics’ Q3 revenue was nearly flat year over year, as 14% growth in Connected Home—led by HVAC and smart thermostats—largely offset continued weakness in Home Entertainment amid declining subscription-broadcast demand and higher component costs. Management says new customer programs and product launches support growth opportunities, while pricing actions are expected to recover about three-quarters of identified cost inflation, with most benefits beginning in Q1 2027.

Profitability improved through cost reductions: adjusted operating income more than doubled year over year, and adjusted EPS rose to $0.17. Higher component costs and currency movements continue to pressure gross margin. The company reaffirmed its FY2026 adjusted EPS outlook of $0.45–$0.65, citing ongoing focus on cost discipline, cash generation and working-capital management.