Universal Electronics Inc.
- Open
- 4.76
- Day high
- 4.81
- Day low
- 4.73
- Prev close
- 4.77
- Volume
- 7K
- Mkt cap
- $60M
- P/E (TTM)
- —
- EPS (TTM)
- —
- P/B
- 0.4
- P/S
- 0.2
- Yield
- —
- Per share
- —
- ▼Insiders net selling -$4K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
Universal Electronics Inc. (UEIC) is a Technology company listed on NASDAQ. The stock is down 29% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4).
Universal Electronics Inc. (UEIC) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UEIC earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 11, 2026 | $-0.03 | $-0.10 | -233.3% | $79M | +7.0% |
| Nov 6, 2025 | $-0.03 | $0.08 | +366.7% | $91M | +6.4% |
| Aug 7, 2025 | $0.05 | $0.18 | +260.0% | $98M | +3.7% |
| May 8, 2025 | $-0.15 | $-0.12 | +20.0% | $92M | +0.4% |
| Feb 20, 2025 | $0.14 | $0.20 | +42.9% | $110M | +7.8% |
| Nov 7, 2024 | $0.15 | $0.10 | -33.3% | $102M | -0.6% |
| Aug 8, 2024 | $-0.04 | $-0.09 | -107.7% | $90M | -4.9% |
| May 2, 2024 | $-0.24 | $-0.19 | +20.8% | $92M | +1.3% |
| Feb 15, 2024 | $0.01 | $0.07 | +1150.0% | $98M | +0.7% |
| Nov 2, 2023 | $0.08 | $0.08 | +0.0% | $107M | -4.1% |
| Aug 3, 2023 | $-0.17 | $-0.06 | +64.7% | $107M | -1.7% |
| May 4, 2023 | $-0.29 | $-0.28 | +3.4% | $108M | +5.8% |
UEIC insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 28, 2026 | Jenke Wade Michaelofficer: Chief Financial Officer | Grant | 100,000 | — |
| May 28, 2026 | BURGER MICHAEL Ddirector | Grant | 31,017 | — |
| May 28, 2026 | Singer Ericdirector, 10 percent owner: | Grant | 31,017 | — |
| May 28, 2026 | CHAHIL SATJIV Sdirector | Grant | 31,017 | — |
| May 28, 2026 | MUTCH JOHNdirector | Grant | 31,017 | — |
| May 28, 2026 | Hamilton Sue Anndirector | Grant | 31,017 | — |
| May 21, 2026 | MUTCH JOHNdirector | Option | 18,437 | — |
| May 21, 2026 | PONTUAL ROMULOdirector | Option | 18,437 | — |
| May 21, 2026 | BURGER MICHAEL Ddirector | Option | 18,437 | — |
| May 21, 2026 | Singer Ericdirector, 10 percent owner: | Option | 18,437 | — |
| May 21, 2026 | MULLIGAN WILLIAM Cdirector | Option | 18,437 | — |
| May 21, 2026 | CHAHIL SATJIV Sdirector | Option | 18,437 | — |
| May 21, 2026 | Hamilton Sue Anndirector | Option | 18,437 | — |
| May 8, 2026 | Carnifax Richard Kofficer: COO and Interim CEO | Sell | 362 | $4.26 |
| May 8, 2026 | Ammari Ramziofficer: Sr.VP Corp Planning & Strategy | Sell | 619 | $4.26 |
Source: UEIC SEC Form 4 filings, latest May 28, 2026. For informational purposes only — not investment advice.
See the full UEIC insider & 13F page →Universal Electronics Inc. company profile
Overview
Universal Electronics Inc. (NASDAQ:UEIC) is a technology company founded in 1986 and headquartered in Scottsdale, Arizona. The company went public in 1993 and has evolved from a traditional remote control manufacturer into a diversified provider of smart home and connected device solutions. UEIC designs, develops, manufactures, and sells control products, software platforms, and intelligent wireless solutions for home entertainment, climate control, security, and home automation markets. The company serves original equipment manufacturers (OEMs), video service providers, retailers, and consumers globally through its One For All brand and various private label partnerships.
Business
Universal Electronics operates in the smart home and consumer electronics control technology sector, providing the invisible infrastructure that enables devices to communicate and be controlled within connected homes. The company's business is divided into two primary channels that reflect the ongoing transformation of the home technology landscape. The Connected Home Channel represents the company's growth engine, accounting for approximately 34% of total sales as of Q1 2025. This segment focuses on climate control systems (HVAC), home automation, and security solutions. UEIC's TIDE platform is a comprehensive climate control technology that enables smart thermostats and HVAC systems to optimize energy usage, provide personalized comfort settings, and integrate with broader home automation ecosystems. The company has secured design wins with major HVAC manufacturers including Daikin, Carrier, and other top-tier brands. Additionally, UEIC provides smart home gateway solutions, security sensors, and automation controls that allow different home devices to communicate through protocols like Zigbee and other wireless standards. The Home Entertainment Channel comprises the remaining 66% of revenue and represents UEIC's traditional business of providing remote controls and software solutions for televisions, set-top boxes, streaming devices, and audio systems. The company's QuickSet technology platform serves as the brain behind universal remote controls, processing over 50 billion transactions per quarter through its cloud infrastructure. This platform enables a single remote to control multiple devices by maintaining a comprehensive database of device control codes and communication protocols. UEIC also provides integrated circuits, firmware, and software development kits (SDKs) that device manufacturers embed into their products to enable universal control capabilities. The company's technology portfolio includes over 730 issued and pending patents, covering innovations in wireless communication, device control protocols, energy harvesting (such as photovoltaic-powered remotes), and artificial intelligence for personalized user experiences. UEIC manufactures its products through facilities in Vietnam and Mexico, having recently optimized its global manufacturing footprint to improve efficiency and cost structure.
Revenue model
Universal Electronics generates revenue through multiple complementary business models that leverage its core technology platforms and manufacturing capabilities. The company primarily operates as a B2B technology solutions provider, selling directly to original equipment manufacturers, video service providers, and system integrators rather than end consumers. Product sales constitute the largest revenue stream, where UEIC manufactures and sells physical devices including remote controls, smart thermostats, climate control accessories, security sensors, and home automation hardware. These products are typically sold to OEMs who integrate them into their own branded systems or to service providers who distribute them to subscribers. For example, cable and satellite TV providers purchase UEIC's remote controls to bundle with their set-top boxes, while HVAC manufacturers like Daikin incorporate UEIC's smart thermostat solutions into their climate control systems. Technology licensing and software subscriptions represent a growing revenue component, where UEIC licenses its QuickSet software platform, TIDE climate control technology, and intellectual property to device manufacturers. This model provides recurring revenue as customers pay ongoing fees to access UEIC's cloud services, device databases, and software updates. The company's cloud platform processes billions of transactions quarterly, supporting embedded software across millions of connected devices. Integrated circuit sales form another revenue stream, where UEIC sells semiconductor chips embedded with its proprietary software and device control databases. OEMs purchase these chips to build universal control capabilities directly into televisions, streaming devices, and other consumer electronics. Several factors influence UEIC's profitability margins. Positive margin drivers include the shift toward higher-value connected home products, which command premium pricing compared to traditional remote controls; economies of scale in manufacturing as production volumes increase; and the growing proportion of software and licensing revenue, which carries higher margins than physical product sales. The company's recent manufacturing optimization, including facility consolidation and geographic diversification, is expected to reduce production costs. Margin pressures come from commodity price fluctuations affecting electronic components; competitive pricing pressure in the mature home entertainment market; tariff and trade policy changes impacting manufacturing costs; and the significant R&D investment required to develop new smart home technologies. Additionally, customer concentration risk exists, with major customers like Daikin and Comcast representing significant portions of revenue, giving them negotiating leverage on pricing.
Competitive moat
Universal Electronics possesses a moderate but defensible competitive moat built primarily around its extensive intellectual property portfolio, proprietary technology platforms, and established customer relationships, though this moat faces increasing pressure from technological disruption and market evolution. The company's strongest defensive asset is its comprehensive patent portfolio of over 730 issued and pending patents covering device control protocols, wireless communication methods, and smart home integration technologies. This intellectual property creates barriers for competitors and generates licensing revenue, as demonstrated by ongoing litigation with companies like Roku over patent infringement. UEIC's QuickSet platform and device database represents another significant moat component, containing decades of accumulated device control codes and compatibility information that would be extremely difficult and time-consuming for competitors to replicate. The platform's processing of over 50 billion transactions quarterly creates network effects and valuable usage data. Customer switching costs provide additional protection, particularly in the B2B market where OEMs and service providers invest significant time and resources integrating UEIC's solutions into their products and systems. Once embedded, these solutions become deeply integrated into customer workflows and product architectures, making replacement costly and disruptive. The company's manufacturing scale and global footprint also creates cost advantages that smaller competitors struggle to match. However, UEIC's moat faces several significant competitive threats. The shift toward smart home ecosystems controlled by tech giants like Google, Amazon, and Apple threatens to commoditize traditional universal control solutions, as voice assistants and smartphone apps increasingly replace physical remote controls. These platforms have vastly superior resources and can integrate control capabilities into their broader ecosystems. Additionally, the standardization of communication protocols like Matter/Thread reduces the value of proprietary control databases and compatibility solutions. In the connected home market, UEIC competes against both established industrial companies with deeper pockets and specialized smart home startups with more focused innovation capabilities. The company's relatively small size (under $400 million in annual revenue) limits its R&D resources compared to major technology companies, potentially constraining its ability to keep pace with rapid technological evolution. The moat strength varies by segment, being stronger in specialized HVAC applications where domain expertise matters more, but weaker in general home entertainment where standardization and tech platform integration are accelerating.
Risks & safety
Universal Electronics presents a moderate margin of safety with manageable near-term financial risks but ongoing profitability challenges that require careful monitoring. **Liquidity and Solvency:** • Cash position of $27.4 million with current ratio of 1.55x provides adequate short-term liquidity • Net debt of only $3.6 million indicates low leverage risk • Positive operating cash flow of $9.0 million in Q1 2025 demonstrates cash generation capability • Total debt-to-equity ratio of 0.29x represents conservative capital structure **Profitability and Valuation Concerns:** • Company reporting net losses across recent quarters (-$6.3M in Q1 2025, -$24.0M for FY 2024) • Minimal EBITDA generation ($0.3M in Q1 2025) indicates thin operating margins • Negative return on equity of -4.2% reflects poor shareholder value creation • Trading at 0.53x book value suggests market skepticism about asset values and future prospects **Other Considerations:** • Revenue declining from $543M (2022) to $395M (2024), indicating structural headwinds • Customer concentration risk with Daikin (17.7%) and Comcast (11.2%) as major revenue sources • Ongoing CEO succession process creates leadership uncertainty • Manufacturing footprint optimization largely complete, reducing restructuring overhang
Recent development
Over the past several years, Universal Electronics has undergone a strategic transformation from a traditional remote control manufacturer to a connected home technology provider, reflecting management's recognition that the home entertainment market faces structural decline while smart home applications offer growth potential. The most significant development has been UEIC's aggressive expansion into climate control and HVAC markets. The company has secured design wins with seven of the top nine climate control providers globally, including major partnerships with Daikin, Carrier, and other leading HVAC manufacturers. This expansion is anchored by the development of the TIDE platform family, which includes smart thermostats, climate control accessories, and advanced AI-powered climate optimization technologies. At CES 2025, the company showcased next-generation TIDE Pro platform featuring on-device artificial intelligence processing capabilities for personalized comfort and energy management. UEIC has simultaneously invested in manufacturing optimization and cost structure improvements. The company closed its Southwestern China factory, ramped up production in Vietnam, and streamlined operations in Monterrey, Mexico. This geographic diversification reduces geopolitical risk while improving cost efficiency, with management expecting gross margins to stabilize around 30% following these optimizations. On the technology front, UEIC has enhanced its QuickSet platform with advanced capabilities including HomeSense technology for occupancy detection, improved personalization through machine learning, and expanded SDK offerings for device manufacturers. The company introduced innovative products like battery-free remote controls using photovoltaic energy harvesting and sustainable low-power voice remotes for European operators. The company has also diversified beyond traditional video service providers into home automation, security, and energy management applications. Partnerships with companies like Hunter Douglas for smart window coverings, various security system integrators, and hospitality system providers demonstrate this broader market approach. Despite these efforts, the home entertainment channel continues to face headwinds from cord-cutting trends and the shift toward voice-controlled and smartphone-based device control, requiring ongoing innovation to maintain relevance in this core market.
UEIC company profile · for informational purposes only — not investment advice.
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