Universal Electronics swings to Q2 profit; appoints new CEO; declares special dividend; sues Amazon

UNIVERSAL ELECTRONICS INC

2026-Q2 EPS reported -$0.45 revenue$152,274,000

GAAP net income $1.6M ($0.12/diluted) vs loss of $2.9M ($0.22 loss) in Q2 2025; adjusted net income $4.6M ($0.34) vs $2.4M ($0.18).
Net sales $73.2M, down 25% from $97.7M; gross margin improved to 35.4% from 29.9%.
Board declared $0.24 per share special cash dividend, payable Oct 15, 2026 to holders of record Aug 24, 2026.
Wade Jenke appointed CEO and President effective Aug 6, replacing interim CEO Richard Carnifax; Sui Man Ho named CFO; Joseph Haughawout named COO.
Company filed patent infringement lawsuit against Amazon; reiterates fiscal 2026 guidance.

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