Universal Electronics (UEIC)
Market Price (6/27/2026): $4.425 | Market Cap: $55.8 MilSector: Consumer Discretionary | Industry: Consumer Electronics
Universal Electronics (UEIC)
Market Price (6/27/2026): $4.425Market Cap: $55.8 MilSector: Consumer DiscretionaryIndustry: Consumer Electronics
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldFCF Yield is 13% Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Artificial Intelligence. Themes include IoT for Buildings, Building Management Systems, Show more. | Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -116% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -14% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39% Key risksUEIC key risks include [1] the severe decline of its legacy home entertainment and remote control business resulting from the "cord-cutting" trend. |
| Attractive yieldFCF Yield is 13% |
| Megatrend and thematic driversMegatrends include Smart Buildings & Proptech, and Artificial Intelligence. Themes include IoT for Buildings, Building Management Systems, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -95%, 3Y Excs Rtn is -116% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -5.3 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -1.5% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -10%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -11%, Rev Chg QQuarterly Revenue Change % is -14% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -39% |
| Key risksUEIC key risks include [1] the severe decline of its legacy home entertainment and remote control business resulting from the "cord-cutting" trend. |
Qualitative Assessment
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Updated on 6/26/2026
Universal Electronics (UEIC) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Universal Electronics exceeded Q4 2025 earnings expectations and returned to profitability on a non-GAAP basis. The company reported earnings per share (EPS) of $0.17 for Q4 2025, significantly beating analyst estimates of $0.06 by $0.11 when results were announced on March 12, 2026. This performance marked the first profitable year since fiscal 2022 on a non-GAAP basis, driven by material cost savings and improved gross margins, which were near 29.7% for the quarter and 29.2% for the full year 2025.
2. The company initiated an expanded share repurchase program in March 2026. On March 11, 2026, Universal Electronics' Board of Directors approved an amendment to its share repurchase program, authorizing the repurchase of up to an additional 1 million shares. This action signaled management's confidence in the company's valuation and capital allocation strategy, which can be a positive catalyst for stock price appreciation by reducing the number of outstanding shares.
Show more
Universal Electronics (UEIC) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Universal Electronics exceeded Q4 2025 earnings expectations and returned to profitability on a non-GAAP basis. The company reported earnings per share (EPS) of $0.17 for Q4 2025, significantly beating analyst estimates of $0.06 by $0.11 when results were announced on March 12, 2026. This performance marked the first profitable year since fiscal 2022 on a non-GAAP basis, driven by material cost savings and improved gross margins, which were near 29.7% for the quarter and 29.2% for the full year 2025.
2. The company initiated an expanded share repurchase program in March 2026. On March 11, 2026, Universal Electronics' Board of Directors approved an amendment to its share repurchase program, authorizing the repurchase of up to an additional 1 million shares. This action signaled management's confidence in the company's valuation and capital allocation strategy, which can be a positive catalyst for stock price appreciation by reducing the number of outstanding shares.
Show more
Updated on 6/26/2026
Universal Electronics (UEIC) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Universal Electronics exceeded Q4 2025 earnings expectations and returned to profitability on a non-GAAP basis. The company reported earnings per share (EPS) of $0.17 for Q4 2025, significantly beating analyst estimates of $0.06 by $0.11 when results were announced on March 12, 2026. This performance marked the first profitable year since fiscal 2022 on a non-GAAP basis, driven by material cost savings and improved gross margins, which were near 29.7% for the quarter and 29.2% for the full year 2025.
2. The company initiated an expanded share repurchase program in March 2026. On March 11, 2026, Universal Electronics' Board of Directors approved an amendment to its share repurchase program, authorizing the repurchase of up to an additional 1 million shares. This action signaled management's confidence in the company's valuation and capital allocation strategy, which can be a positive catalyst for stock price appreciation by reducing the number of outstanding shares.
3. Management affirmed a positive earnings outlook for fiscal year 2026, driven by cost reductions. Despite a reported adjusted non-GAAP EPS miss in fiscal Q1 2026 (ended March 31, 2026) of -$0.10 against an estimated -$0.03, the company's shares still rose modestly post-announcement, suggesting investors may have anticipated a worse outcome. Management reaffirmed its full-year fiscal 2026 adjusted non-GAAP diluted EPS guidance in the range of $0.45 to $0.65, an increase from $0.31 per share in fiscal 2025. This guidance is underpinned by a strategic focus on disciplined execution, aligning cost structure, and rigorous working capital management. In Q1 2026, GAAP operating expenses notably decreased by $5.3 million year-over-year, reflecting these cost reduction efforts.
4. Universal Electronics is strategically expanding into the smart home and IoT market. The company is actively diversifying its business beyond traditional remote controls by developing wireless sensors, thermostats, and automation hubs for the smart home and Internet of Things (IoT) space. This strategic pivot, coupled with its proprietary large database of device control codes, positions the company for future growth, even as its traditional sales have experienced declines.
Show less
Universal Electronics (UEIC) stock has gained about 20% since 2/28/2026 because of the following key factors:
1. Universal Electronics exceeded Q4 2025 earnings expectations and returned to profitability on a non-GAAP basis. The company reported earnings per share (EPS) of $0.17 for Q4 2025, significantly beating analyst estimates of $0.06 by $0.11 when results were announced on March 12, 2026. This performance marked the first profitable year since fiscal 2022 on a non-GAAP basis, driven by material cost savings and improved gross margins, which were near 29.7% for the quarter and 29.2% for the full year 2025.
2. The company initiated an expanded share repurchase program in March 2026. On March 11, 2026, Universal Electronics' Board of Directors approved an amendment to its share repurchase program, authorizing the repurchase of up to an additional 1 million shares. This action signaled management's confidence in the company's valuation and capital allocation strategy, which can be a positive catalyst for stock price appreciation by reducing the number of outstanding shares.
3. Management affirmed a positive earnings outlook for fiscal year 2026, driven by cost reductions. Despite a reported adjusted non-GAAP EPS miss in fiscal Q1 2026 (ended March 31, 2026) of -$0.10 against an estimated -$0.03, the company's shares still rose modestly post-announcement, suggesting investors may have anticipated a worse outcome. Management reaffirmed its full-year fiscal 2026 adjusted non-GAAP diluted EPS guidance in the range of $0.45 to $0.65, an increase from $0.31 per share in fiscal 2025. This guidance is underpinned by a strategic focus on disciplined execution, aligning cost structure, and rigorous working capital management. In Q1 2026, GAAP operating expenses notably decreased by $5.3 million year-over-year, reflecting these cost reduction efforts.
4. Universal Electronics is strategically expanding into the smart home and IoT market. The company is actively diversifying its business beyond traditional remote controls by developing wireless sensors, thermostats, and automation hubs for the smart home and Internet of Things (IoT) space. This strategic pivot, coupled with its proprietary large database of device control codes, positions the company for future growth, even as its traditional sales have experienced declines.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 18.8% change in UEIC stock from 2/28/2026 to 6/26/2026 was primarily driven by a 23.8% change in the company's P/S Multiple.| (LTM values as of) | 2282026 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.77 | 4.48 | 18.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 391 | 355 | -9.2% |
| P/S Multiple | 0.1 | 0.2 | 23.8% |
| Shares Outstanding (Mil) | 13 | 13 | 5.7% |
| Cumulative Contribution | 18.8% |
Market Drivers
2/28/2026 to 6/26/2026| Return | Correlation | |
|---|---|---|
| UEIC | 18.8% | |
| Market (SPY) | 6.6% | -0.8% |
| Sector (XLY) | -1.9% | 9.5% |
Fundamental Drivers
The 35.3% change in UEIC stock from 11/30/2025 to 6/26/2026 was primarily driven by a 41.0% change in the company's P/S Multiple.| (LTM values as of) | 11302025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.31 | 4.48 | 35.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 391 | 355 | -9.2% |
| P/S Multiple | 0.1 | 0.2 | 41.0% |
| Shares Outstanding (Mil) | 13 | 13 | 5.7% |
| Cumulative Contribution | 35.3% |
Market Drivers
11/30/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| UEIC | 35.3% | |
| Market (SPY) | 7.3% | 2.8% |
| Sector (XLY) | -2.9% | 8.8% |
Fundamental Drivers
The -32.2% change in UEIC stock from 5/31/2025 to 6/26/2026 was primarily driven by a -27.2% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.61 | 4.48 | -32.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 395 | 355 | -10.2% |
| P/S Multiple | 0.2 | 0.2 | -27.2% |
| Shares Outstanding (Mil) | 13 | 13 | 3.7% |
| Cumulative Contribution | -32.2% |
Market Drivers
5/31/2025 to 6/26/2026| Return | Correlation | |
|---|---|---|
| UEIC | -32.2% | |
| Market (SPY) | 25.1% | 12.0% |
| Sector (XLY) | 7.8% | 18.1% |
Fundamental Drivers
The -44.5% change in UEIC stock from 5/31/2023 to 6/26/2026 was primarily driven by a -31.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 5312023 | 6262026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.07 | 4.48 | -44.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 519 | 355 | -31.6% |
| P/S Multiple | 0.2 | 0.2 | -19.7% |
| Shares Outstanding (Mil) | 13 | 13 | 1.0% |
| Cumulative Contribution | -44.5% |
Market Drivers
5/31/2023 to 6/26/2026| Return | Correlation | |
|---|---|---|
| UEIC | -44.5% | |
| Market (SPY) | 81.3% | 23.3% |
| Sector (XLY) | 54.6% | 25.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| UEIC Return | -22% | -49% | -55% | 17% | -67% | 18% | -92% |
| Peers Return | 13% | -50% | 5% | 26% | 5% | -18% | -36% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| UEIC Win Rate | 42% | 25% | 42% | 50% | 25% | 67% | |
| Peers Win Rate | 47% | 37% | 47% | 48% | 55% | 43% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| UEIC Max Drawdown | -44% | -58% | -71% | -43% | -75% | -16% | |
| Peers Max Drawdown | -43% | -59% | -46% | -43% | -51% | -36% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GRMN, SONO, GPRO, TBCH, VUZI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)
How Low Can It Go
| Event | UEIC | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -23.9% | -7.8% |
| % Gain to Breakeven | 31.4% | 8.5% |
| Time to Breakeven | 93 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.3% | 50.9% |
| Time to Breakeven | 68 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -39.4% | -19.2% |
| % Gain to Breakeven | 65.0% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -15.6% | -12.2% |
| % Gain to Breakeven | 18.5% | 13.9% |
| Time to Breakeven | 31 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.4% | -6.8% |
| % Gain to Breakeven | 34.0% | 7.3% |
| Time to Breakeven | 152 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -39.7% | -17.9% |
| % Gain to Breakeven | 66.0% | 21.8% |
| Time to Breakeven | 551 days | 123 days |
In The Past
Universal Electronics's stock fell -23.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 31.4% gain to breakeven.
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Asset Allocation
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| Event | UEIC | S&P 500 |
|---|---|---|
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -23.9% | -7.8% |
| % Gain to Breakeven | 31.4% | 8.5% |
| Time to Breakeven | 93 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -33.3% | -9.5% |
| % Gain to Breakeven | 50.0% | 10.5% |
| Time to Breakeven | 140 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -31.2% | -33.7% |
| % Gain to Breakeven | 45.3% | 50.9% |
| Time to Breakeven | 68 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -39.4% | -19.2% |
| % Gain to Breakeven | 65.0% | 23.8% |
| Time to Breakeven | 130 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -25.4% | -6.8% |
| % Gain to Breakeven | 34.0% | 7.3% |
| Time to Breakeven | 152 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -39.7% | -17.9% |
| % Gain to Breakeven | 66.0% | 21.8% |
| Time to Breakeven | 551 days | 123 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -68.5% | -53.4% |
| % Gain to Breakeven | 217.2% | 114.4% |
| Time to Breakeven | 1695 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -31.5% | -8.6% |
| % Gain to Breakeven | 45.9% | 9.5% |
| Time to Breakeven | 2262 days | 47 days |
In The Past
Universal Electronics's stock fell -23.9% during the 2024 Yen Carry Trade Unwind. Such a loss loss requires a 31.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Universal Electronics (UEIC)
Universal Electronics Inc. (UEIC) is a technology company specializing in universal control and smart home solutions. They design, develop, and manufacture products and technologies that enable seamless interaction and control of various electronic devices and systems. Their core offering revolves around universal remote controls, integrated circuits with embedded control software, and advanced software/firmware solutions that allow consumer electronics, smart home devices, and security systems to connect and communicate within home networks.
The company's diverse product portfolio includes pre-programmed and universal radio frequency (RF) and infrared remote controls, as well as integrated circuits containing their proprietary device control database. Beyond hardware, UEIC provides software, firmware, and cloud services that facilitate connectivity and interaction between devices like televisions, set-top boxes, and smart speakers. They also offer intelligent wireless security products, such as RF sensors, and smart thermostat controllers for energy management. Additionally, UEIC sells AV accessories, including universal remote controls, TV mounts, and antennas, primarily under their "One For All" brand, and licenses its extensive intellectual property.
UEIC serves a broad range of customers and markets globally. Their primary clientele includes video service providers, original equipment manufacturers (OEMs) in consumer electronics, security, home automation, climate control, and home appliance industries. They also cater to retailers, private label customers, and hospitality system integrators for specialized solutions. Consumers are reached directly through the "One For All" brand for AV accessories and through a network of national and regional distributors and dealers.
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Here are 1-3 brief analogies for Universal Electronics (UEIC):
- Like Qualcomm, but specialized in the chips and software that enable universal control and smart home communication for entertainment and security systems.
- The 'Intel Inside' for universal remote controls and smart home device connectivity.
- A B2B version of Logitech, providing universal control products and smart home technology to other businesses.
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- Universal Remote Controls: Designs and sells pre-programmed and universal radio frequency (RF) and infrared remote controls.
- Integrated Circuits (ICs): Provides integrated circuits embedded with its universal device control software and database.
- Software & Technology Solutions: Offers software, firmware, and technology solutions that enable devices to connect and interact for home entertainment and smart home services.
- Cloud Services: Provides cloud-based services that support its embedded software and hardware solutions.
- Intellectual Property (IP) Licensing: Licenses its intellectual property to original equipment manufacturers (OEMs) and video service providers.
- RF Sensors: Manufactures RF sensors for residential security, safety, and home automation applications.
- Thermostat Controllers: Produces wall-mount and handheld thermostat controllers and accessories for intelligent energy management systems.
- Television Wall Mounts & Stands: Sells accessories for mounting and supporting televisions.
- Digital Television Antennas: Provides antennas for receiving digital television signals.
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Major Customers of Universal Electronics (UEIC)
Universal Electronics Inc. sells primarily to other companies (B2B). While the background description does not list specific names of its major customer companies, it clearly identifies several categories of businesses that constitute its primary customer base. These include:- Video Service Providers: Companies that offer television, internet, and communication services (e.g., cable operators, satellite providers).
- Original Equipment Manufacturers (OEMs): Manufacturers of a wide range of electronic devices, including televisions, set-top boxes, audio systems, smart speakers, game consoles, smart home devices, security systems, and climate control systems.
- Retailers and Private Label Customers: Companies that sell products directly to consumers through their retail channels or under their own brand names, utilizing Universal Electronics' technology and products. This also encompasses national and regional distributors and dealers who serve as channels for product sales.
- Hotels and Hospitality System Integrators: Customers in the hospitality sector who utilize Universal Electronics' intelligent energy management systems and related accessories.
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The following are key management team members of Universal Electronics Inc. (UEIC):
Rick Carnifax, Chief Operating Officer, Interim CEO and Principal Executive Officer
Rick Carnifax joined Universal Electronics (UEI) in 2020 as Vice President, Manufacturing and Operations, and was promoted to Chief Operating Officer in 2025. He was appointed Interim Chief Executive Officer and Principal Executive Officer in July 2025. He holds a Bachelor's degree in Political Science from the University of Akron and a Master's in International Relations/Business.
Wade Jenke, Chief Financial Officer
Wade Jenke was appointed as the new Chief Financial Officer of Universal Electronics, effective December 30, 2025. Prior to joining UEI, he held CFO positions at Amtech Systems and EMS Group.
Ramzi Ammari, SVP Corporate Planning and Strategy
Ramzi Ammari joined UEI in 1997. He is also a part of the "Office of CEO" which was established on May 1, 2025, following the retirement of the previous CEO.
Arsham Hatambeiki, Senior Vice President, Product and Technology
Arsham Hatambeiki is responsible for developing and overseeing technology and product groups across home entertainment and IoT markets at UEI. He joined the company in 2004 as a Lead System Architect for home connectivity and became Director of Advanced Technology in 2008.
Hrag Ohannessian, Senior Vice President, Global Sales, Home Automation, Security and Hospitality
Hrag Ohannessian joined UEI in 1997 as an Application Engineer for the OEM Sales group. He became an OEM Sales Manager in 1999 and was promoted to Vice President of Sales, Subscription Broadcast, OEM Americas, in 2010. He was named to his current role in 2019.
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Key Risks to Universal Electronics (UEIC):
- Technological obsolescence and reduced demand for traditional control products: Universal Electronics' core business heavily relies on pre-programmed and universal control products (remote controls) and AV accessories. The increasing adoption of voice control, integrated smart device ecosystems, and smartphone applications for controlling entertainment systems and smart home devices presents a significant risk to the demand for dedicated physical remote controls. Furthermore, the trend of "cord-cutting" among consumers could lead to decreased demand from video service providers, a key customer segment, for products associated with traditional set-top boxes.
- Intense competition and rapid technological change in the smart home and security markets: The company is expanding its offerings in intelligent wireless security and smart home products, including RF sensors, thermostat controllers, and connected accessories. However, these markets are highly competitive and characterized by rapid technological advancements, evolving standards, and the presence of large, well-funded technology companies and numerous innovative startups. Failure to continuously innovate, adapt to new technologies, or establish strong partnerships could impede UEIC's growth and market share in these critical future-oriented segments.
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- The increasing prevalence of voice control and smartphone/smart speaker app-based control for entertainment systems and smart home devices directly threatens the market for dedicated physical universal remote controls, which is a core product offering of Universal Electronics. As consumers increasingly use their existing smart devices or voice assistants to control televisions, streaming devices, and smart home appliances, the perceived need for a separate universal remote control diminishes.
- Consolidation and aggressive ecosystem expansion by major technology companies (e.g., Amazon, Google, Apple) in the smart home and security markets pose a threat to Universal Electronics' intelligent wireless security and smart home products (such as RF sensors and thermostat controllers). These tech giants often push proprietary standards or tightly integrated hardware within their own platforms, potentially sidelining third-party component providers and limiting the market for Universal Electronics' solutions sold to OEMs and system integrators.
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Universal Electronics Inc. (UEIC) operates in several addressable markets related to control products, audio-video accessories, and smart home and security solutions.
Here are the estimated market sizes for their main products and services:
- Universal Control Products (Universal Remote Controls):
- The global universal remote controls market was valued at approximately USD 4.52 billion in 2025. It is projected to grow to about USD 7.48 billion by 2034.
- Audio-Video (AV) Accessories (Audio Visual Hardware):
- The global audio visual hardware market was valued at USD 257.6 billion in 2023 and is projected to reach approximately USD 457.8 billion by 2033.
- North America held a dominant market position in the audio visual hardware sector, capturing more than a 33% share with revenue amounting to USD 85.0 billion in 2023.
- Intelligent Wireless Security and Smart Home Products:
- Smart Home Market:
- The global smart home market size was estimated at USD 127.67 billion in 2024 and is anticipated to reach around USD 1,404.59 billion by 2034.
- North America dominated the global smart home market with a market share of 35.62% in 2024.
- The U.S. smart home market size was approximately USD 36.38 billion in 2024 and is projected to be worth around USD 403.09 billion by 2034.
- Smart Home Security Market:
- The global smart home security market size was valued at USD 33.2 billion in 2025 and is projected to grow to USD 117.37 billion by 2034.
- North America dominated the global smart home security market with a share of 35.70% in 2025.
- Wireless Security Systems Market:
- The global wireless security system market size is estimated to reach over USD 150.18 billion by 2032 from a value of USD 58.28 billion in 2024.
- North America accounted for the largest revenue share of USD 19.33 billion in 2024.
- Smart Home Market:
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Universal Electronics (UEIC) anticipates several key drivers to fuel its revenue growth over the next 2-3 years. The company is strategically focusing on expanding its presence and offerings in the connected home sector and leveraging new software solutions.
The expected drivers of future revenue growth for Universal Electronics include:
- Expansion in Connected Home Markets: Universal Electronics expects growth from its connected home segment, particularly in climate control and home automation. This growth is driven by new product launches and the expansion of product offerings (SKUs) with existing customers.
- New Program Wins in Connected Home: The company is strengthening its position with major original equipment manufacturers (OEMs) in the connected home market through new program wins in both the U.S. and internationally.
- Growth in Digital Rights Management (DRM) Protection Software Services: Universal Electronics is expanding its digital rights management protection software services to new smart TV brands, including Sharp and Xiaomi, with these services commencing in Q1 2026.
- Adoption of QuickSet HomeSense Platform: The QuickSet HomeSense platform, introduced at CES 2025, is a smart home intelligence solution with on-device learning capabilities. This platform, a cornerstone of UEI's long-term strategy, is expected to drive future revenue as it enables personalized, real-time automation by interpreting environmental data and device activity.
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Share Repurchases
- On March 11, 2026, Universal Electronics' Board of Directors authorized an amendment to its share repurchase program, increasing the authorization by an additional 1,000,000 shares, bringing the total available for repurchase to 1,013,556 shares.
- In the fourth quarter of 2025, the company repurchased 765,201 shares of its common stock, which constituted 5.8% of its outstanding shares.
- For the full fiscal year ended December 31, 2025, Universal Electronics purchased a total of $3.1 million worth of its common stock.
Share Issuance
- During 2025, Universal Electronics issued 433,427 shares of common stock, increasing the total issued shares to 26,146,367 as of December 31, 2025, from 25,712,940 shares as of December 31, 2024.
Outbound Investments
- Universal Electronics reported a significant cash outflow for acquisitions totaling $3.86 million during one of its recent reporting periods.
- Other acquisitions were recorded as cash outflows, including amounts such as $659K, $833K, $795K, $703K, $842K, and $1.29 million in various periods.
Capital Expenditures
- In 2021, Universal Electronics' capital expenditures included $6.206 million for the acquisition of property, plant, and equipment, and $1.907 million for intangible assets.
- The company's capital expenditures also included a notable amount of $4.57 million in one of the recent reporting periods.
- Universal Electronics is actively restructuring its global manufacturing footprint, which involves closing its Mexico facility by the end of 2025 and concentrating operations in Vietnam and Brazil, reflecting ongoing capital allocation toward optimizing manufacturing efficiency.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Universal Electronics Earnings Notes | 12/16/2025 | |
| Would You Still Hold Universal Electronics Stock If It Fell 30%? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 8.44 |
| Mkt Cap | 0.2 |
| Rev LTM | 486 |
| Op Inc LTM | 1 |
| FCF LTM | 15 |
| FCF 3Y Avg | 17 |
| CFO LTM | 19 |
| CFO 3Y Avg | 22 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -5.2% |
| Rev Chg 3Y Avg | -7.9% |
| Rev Chg Q | -13.2% |
| QoQ Delta Rev Chg LTM | -3.3% |
| Op Inc Chg LTM | 18.7% |
| Op Inc Chg 3Y Avg | 17.3% |
| Op Mgn LTM | 0.4% |
| Op Mgn 3Y Avg | -1.2% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 6.0% |
| CFO/Rev 3Y Avg | 6.6% |
| FCF/Rev LTM | 4.9% |
| FCF/Rev 3Y Avg | 5.1% |
Price Behavior
Price Behavior
| Market Price | $4.48 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 02/12/1993 | |
| Distance from 52W High | -38.0% | |
| 50 Days | 200 Days | |
| DMA Price | $4.12 | $3.97 |
| DMA Trend | down | down |
| Distance from DMA | 8.8% | 12.8% |
| 3M | 1YR | |
| Volatility | 41.0% | 55.3% |
| Downside Capture | -69.95 | 66.03 |
| Upside Capture | -11.16 | 13.10 |
| Correlation (SPY) | 11.4% | 12.1% |
UEIC Betas & Captures as of 5/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -1.42 | -0.06 | -0.23 | 0.02 | 0.56 | 0.91 |
| Up Beta | -0.16 | 1.49 | 0.69 | 0.32 | 0.74 | 0.72 |
| Down Beta | -1.36 | -1.25 | 0.15 | 0.16 | 0.85 | 1.40 |
| Up Capture | -106% | -39% | -29% | 16% | 0% | 23% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 9 | 20 | 30 | 58 | 107 | 339 |
| Down Capture | -299% | -229% | -136% | -58% | 85% | 100% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 10 | 20 | 31 | 62 | 134 | 389 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UEIC | |
|---|---|---|---|---|
| UEIC | -33.9% | 55.9% | -0.54 | - |
| Sector ETF (XLY) | 8.0% | 18.5% | 0.28 | 17.0% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 11.7% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | -3.0% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | -5.6% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | 18.9% |
| Bitcoin (BTCUSD) | -44.7% | 42.5% | -1.27 | 14.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UEIC | |
|---|---|---|---|---|
| UEIC | -38.1% | 55.3% | -0.65 | - |
| Sector ETF (XLY) | 6.7% | 23.9% | 0.24 | 29.1% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 28.6% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 1.0% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 2.1% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 28.5% |
| Bitcoin (BTCUSD) | 10.7% | 54.0% | 0.39 | 10.6% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with UEIC | |
|---|---|---|---|---|
| UEIC | -24.0% | 51.3% | -0.33 | - |
| Sector ETF (XLY) | 12.5% | 22.1% | 0.52 | 32.0% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 33.0% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | 1.1% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 8.3% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 29.5% |
| Bitcoin (BTCUSD) | 54.6% | 66.4% | 0.95 | 7.9% |
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Returns Analyses
Earnings Returns History
Updated 6/12/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -2.6% | -7.3% | -10.2% |
| 3/12/2026 | 18.0% | 15.6% | 20.2% |
| 11/6/2025 | 7.8% | -10.5% | -3.0% |
| 8/7/2025 | -17.1% | -24.7% | -20.4% |
| 5/8/2025 | 3.3% | 19.2% | 16.8% |
| 2/20/2025 | -11.6% | -13.9% | -30.2% |
| 11/7/2024 | 31.7% | 27.2% | 42.0% |
| 8/8/2024 | -14.5% | -15.7% | -22.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 9 | 9 |
| # Negative | 12 | 15 | 15 |
| Median Positive | 7.6% | 15.6% | 16.1% |
| Median Negative | -13.8% | -12.2% | -16.0% |
| Max Positive | 31.7% | 27.2% | 44.9% |
| Max Negative | -33.0% | -44.8% | -61.8% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/11/2026 | -2.6% | -7.3% | -10.2% |
| 3/12/2026 | 18.0% | 15.6% | 20.2% |
| 11/6/2025 | 7.8% | -10.5% | -3.0% |
| 8/7/2025 | -17.1% | -24.7% | -20.4% |
| 5/8/2025 | 3.3% | 19.2% | 16.8% |
| 2/20/2025 | -11.6% | -13.9% | -30.2% |
| 11/7/2024 | 31.7% | 27.2% | 42.0% |
| 8/8/2024 | -14.5% | -15.7% | -22.2% |
| 5/2/2024 | 0.3% | 20.0% | 1.6% |
| 2/15/2024 | 1.0% | -4.8% | 8.0% |
| 11/2/2023 | 10.6% | 7.9% | -1.0% |
| 8/3/2023 | -1.7% | -12.2% | -19.7% |
| 5/4/2023 | -14.0% | -18.1% | -20.3% |
| 2/16/2023 | -33.0% | -44.8% | -61.8% |
| 11/3/2022 | 9.2% | 7.4% | 12.3% |
| 8/4/2022 | -8.6% | -12.9% | -25.0% |
| 5/5/2022 | 1.6% | -0.7% | -0.9% |
| 2/17/2022 | -17.2% | -7.9% | -7.0% |
| 11/4/2021 | -16.5% | -9.6% | -10.8% |
| 8/5/2021 | 7.4% | 12.0% | 16.1% |
| 5/6/2021 | -13.6% | -20.6% | -12.6% |
| 2/18/2021 | 1.0% | 1.6% | 0.4% |
| 11/5/2020 | 10.7% | 15.6% | 44.9% |
| 8/6/2020 | -5.9% | -3.6% | -16.0% |
| SUMMARY STATS | |||
| # Positive | 12 | 9 | 9 |
| # Negative | 12 | 15 | 15 |
| Median Positive | 7.6% | 15.6% | 16.1% |
| Median Negative | -13.8% | -12.2% | -16.0% |
| Max Positive | 31.7% | 27.2% | 44.9% |
| Max Negative | -33.0% | -44.8% | -61.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/11/2026 | 10-Q |
| 12/31/2025 | 03/12/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/08/2025 | 10-Q |
| 12/31/2024 | 03/11/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/06/2024 | 10-Q |
| 12/31/2023 | 03/14/2024 | 10-K |
| 09/30/2023 | 11/07/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/09/2023 | 10-Q |
| 12/31/2022 | 03/08/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
| 12/31/2021 | 03/04/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/06/2021 | 10-Q |
| 03/31/2021 | 05/07/2021 | 10-Q |
| 12/31/2020 | 03/05/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/07/2020 | 10-Q |
| 03/31/2020 | 05/08/2020 | 10-Q |
| 12/31/2019 | 03/16/2020 | 10-K |
| 09/30/2019 | 11/08/2019 | 10-Q |
| 06/30/2019 | 08/08/2019 | 10-Q |
Recent Forward Guidance
Updated 6/1/2026Latest: Q1 2026 Earnings Reported 5/11/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted non-GAAP diluted earnings per share | 0.45 | 0.55 | 0.65 | 77.4% | 24.0% | Higher New | Actual: 0.31 for 2025 |
Prior: Q4 2025 Earnings Reported 3/12/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Adjusted non-GAAP dilutive earnings per share | 0.45 | 0.55 | 0.65 | 77.4% | Higher New | Actual: 0.31 for 2025 | |
Insider Activity
Updated 5/28/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ammari, Ramzi | Sr.VP Corp Planning & Strategy | Direct | Sell | 5082026 | 4.26 | 619 | 2,637 | 166,265 | Form |
| 2 | Carnifax, Richard K | COO and Interim CEO | Direct | Sell | 5082026 | 4.26 | 362 | 1,541 | 71,508 | Form |
| 3 | Ammari, Ramzi | Sr.VP Corp Planning & Strategy | Direct | Sell | 3182026 | 4.16 | 4,916 | 20,425 | 156,437 | Form |
| 4 | Ammari, Ramzi | Sr.VP Corp Planning & Strategy | Direct | Sell | 2132026 | 4.10 | 938 | 3,846 | 171,114 | Form |
| 5 | Carnifax, Richard K | COO and Interim CEO | Direct | Sell | 2132026 | 4.09 | 547 | 2,237 | 63,465 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ammari, Ramzi | Sr.VP Corp Planning & Strategy | Direct | Sell | 5082026 | 4.26 | 619 | 2,637 | 166,265 | Form |
| 2 | Carnifax, Richard K | COO and Interim CEO | Direct | Sell | 5082026 | 4.26 | 362 | 1,541 | 71,508 | Form |
| 3 | Ammari, Ramzi | Sr.VP Corp Planning & Strategy | Direct | Sell | 3182026 | 4.16 | 4,916 | 20,425 | 156,437 | Form |
| 4 | Ammari, Ramzi | Sr.VP Corp Planning & Strategy | Direct | Sell | 2132026 | 4.10 | 938 | 3,846 | 171,114 | Form |
| 5 | Carnifax, Richard K | COO and Interim CEO | Direct | Sell | 2132026 | 4.09 | 547 | 2,237 | 63,465 | Form |
| 6 | Chong, David Cheung Hyen | EVP Global Sales | Direct | Sell | 11142025 | 2.96 | 559 | 1,657 | 111,807 | Form |
| 7 | Ammari, Ramzi | Sr.VP Corp Planning & Strategy | Direct | Sell | 11122025 | 3.19 | 1,392 | 4,444 | 128,742 | Form |
| 8 | Carnifax, Richard K | COO and Interim CEO | Direct | Sell | 11122025 | 3.21 | 806 | 2,589 | 47,207 | Form |
| 9 | Chahil, Satjiv S | Satjiv Chahil Trust | Buy | 6092025 | 6.78 | 8,935 | 60,579 | 1,017,000 | Form | |
| 10 | Firehammer, Richard A JR | Senior Vice President | Direct | Sell | 6042025 | 6.55 | 865 | Form | ||
| 11 | Singer, Eric | Direct | Buy | 6032025 | 6.62 | 4,200 | 27,820 | 406,020 | Form | |
| 12 | Singer, Eric | Direct | Buy | 6032025 | 6.67 | 4,690 | 31,294 | 380,976 | Form | |
| 13 | Singer, Eric | Direct | Buy | 5212025 | 6.70 | 4,000 | 26,802 | 310,923 | Form | |
| 14 | Singer, Eric | Direct | Buy | 5212025 | 7.01 | 3,000 | 21,030 | 297,245 | Form | |
| 15 | Singer, Eric | Direct | Buy | 5192025 | 6.89 | 3,000 | 20,677 | 271,573 | Form | |
| 16 | Singer, Eric | Direct | Buy | 5192025 | 7.08 | 6,000 | 42,491 | 257,802 | Form | |
| 17 | Firehammer, Richard A JR | Senior Vice President | Direct | Sell | 5142025 | 6.91 | 865 | Form | ||
| 18 | Singer, Eric | Direct | Buy | 5132025 | 6.73 | 24,000 | 161,609 | 204,725 | Form |
Industry Resources
| Consumer Discretionary Resources |
| Retail Dive |
| Business of Fashion (BoF) |
| WWD (Women's Wear Daily) |
| National Retail Federation (NRF) |
| McKinsey & Company - Consumer |
| Mintel Consumer Trends |
| Consumer Electronics Resources |
| CNET |
| The Verge |
| Engadget |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 6/26/2026