Universal Electronics, a publicly owned company headquartered in the United States, was founded in 1986. The company employs approximately 1280 individuals and reported $368.3M in revenue as of 2025. It operates in Computers and Electronics Manufacturing, specializing in universal control and sensing technologies for the smart home.
Universal Electronics Inc. entered into a Third Amended and Restated Credit Agreement with a syndicate of lenders and U.S. Bank National Association on August 21, 2026. This development followed the company's filing of a patent infringement lawsuit against Amazon.com on August 18, regarding remote control and smart home connectivity technology. The complaint seeks injunctive relief that could affect certain Amazon connected home devices and services, in addition to monetary damages. Earlier, on August 13, Universal Electronics reported its second-quarter 2026 financial results, which showed a 25% year-over-year revenue decline to $73.2 million. Despite this decline, the company returned to profitability, earning $0.04 per share compared to a Q1 loss of $0.10 per share, a profit attributed to cost structure rebuilding and a 24% year-over-year reduction in non-GAAP operating expenses rather than demand recovery. Management reaffirmed its full-year adjusted non-GAAP diluted EPS guidance of $0.45 to $0.65. Concurrently with the earnings release, Universal Electronics announced Wade Michael Jenke's appointment as Chief Executive Officer, succeeding Rick Carnifax, and declared a special dividend for investors.
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Universal Electronics offers products in the media tech industry. Universal Electronics's product portfolio comprises of user experience and devices.
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