Universal Electronics Reports Q3 2026 Results, Plans Brazil Exit
Universal Electronics reported third-quarter 2026 net sales of $89.4 million versus $90.6 million a year earlier and GAAP operating income of $2.9 million, compared with a $4.5 million operating loss. It plans to close its Brazil operations, with the wind-down expected to be substantially complete by Q1 2027, and reiterated adjusted EPS guidance of $0.45 to $0.65 for fiscal 2026.
Universal Electronics Inc. reported third-quarter 2026 net sales of $89.4 million, compared to $90.6 million in the same period last year. The company achieved a GAAP operating income of $2.9 million, a significant improvement from the $4.5 million operating loss reported in the prior year's third quarter. This turnaround was attributed to lower R&D and SG&A expenses resulting from headcount optimization and ongoing cost controls.
Additionally, the company announced a plan to close its Brazil operations, with the wind-down expected to be substantially completed by the first quarter of 2027. Management reiterated its fiscal 2026 adjusted EPS guidance of $0.45 to $0.65.