Exhibit 99
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Universal Electronics Reports Financial Results for the Third Quarter 2026

Cash increased $9.1M this year to $41.4M.
$16.6 million operating cash flow through the first nine months.
Reports Shareholders' Equity of $139.6 million at September 30, 2026.
Reiterates Guidance for Fiscal 2026.

SCOTTSDALE, AZ – November 5, 2026 – Universal Electronics Inc. (UEI) (Nasdaq: UEIC) reported financial results for the three months ended September 30, 2026.

Financial Results for the Three Months Ended September 30, 2026 compared to the same period in 2025

•Continued focus on working capital drove inventory lower by $8.2 million, contributed to $16.6 million of operating cash flow through the first nine months of 2026 and helped increase cash by $9.1 million this year.
•In Q3 2026, we significantly reduced our operational costs, which we believe will improve our ability to generate profits going forward. GAAP operating expenses decreased by $8.9 million and adjusted non-GAAP operating expenses were down $4.9 million.
•GAAP net sales were $89.4 million, compared to $90.6 million.
▪GAAP net sales in connected home were $33.8 million, compared to $29.8 million.
▪GAAP net sales in home entertainment were $55.6 million, compared to $60.8 million.
•GAAP gross margins were 26.3%, compared to 27.7%; Adjusted non-GAAP gross margins were 26.3%, compared to 29.1%.
•GAAP operating income was $2.9 million, compared to GAAP operating loss of $(4.5) million; Adjusted non-GAAP operating income was $3.7 million, compared to Adjusted non-GAAP operating income of $1.6 million.
•GAAP net loss was $(0.3) million, or $(0.03) per diluted share, compared to $(8.3) million, or $(0.62) per diluted share; Adjusted non-GAAP net income was $2.3 million, or $0.17 per diluted share, compared to Adjusted non-GAAP net income of $1.1 million, or $0.08 per diluted share.
•At September 30, 2026, cash and cash equivalents were $41.4 million, compared to $32.3 million at December 31, 2025, reflecting our continued focus on improving cash flow.

For a more detailed explanation of non-GAAP financial measures, please refer to the "Use of Non-GAAP Financial Metrics" and "Reconciliation of Adjusted Non-GAAP Financial Results" located elsewhere in this press release.

Financial Outlook
We continue to expect adjusted non‑GAAP diluted earnings per share to be in the range of $0.45 to $0.65 for the fiscal year ending December 31, 2026, compared to $0.31 per share in fiscal 2025, consistent with our prior guidance.
We have not provided guidance for GAAP diluted earnings (loss) per share or a reconciliation of forward-looking adjusted non-GAAP diluted earnings per share to the comparable GAAP measure because certain excluded items, including severance, litigation settlements, losses on assets held for sale, foreign currency gains and losses, and related tax effects, cannot be reasonably estimated without unreasonable effort and could materially affect GAAP results.
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Conference Call Information
UEI’s management team will hold a conference call today, Thursday, November 5, 2026 at 4:30 p.m. ET / 1:30 p.m. PT, to discuss its third quarter 2026 earnings results, review recent activity and answer questions. To attend the call please register at: https://edge.media-server.com/mmc/p/n7ydfz8z/ to receive a computer-generated dial-in number and a unique pin number. The conference call will also be broadcast live on the investor section of the UEI website where it will be available for replay for 90 days.
Use of Non-GAAP Financial Metrics
In addition to reporting financial results in accordance with generally accepted accounting principles, or GAAP, UEI provides Adjusted non-GAAP information as additional information for its operating results. References to Adjusted non-GAAP information are to non-GAAP financial measures. These measures are not required by, in accordance with, or an alternative for, GAAP and may be different from non-GAAP financial measures used by other companies. UEI’s management uses these measures for reviewing the financial results of UEI for budget planning purposes and for making operational and financial decisions. Management believes that providing these non-GAAP financial measures to investors, as a supplement to GAAP financial measures, help investors evaluate UEI’s core operating and financial performance and business trends consistent with how management evaluates such performance and trends. Additionally, management believes these measures facilitate comparisons with the core operating and financial results and business trends of competitors and other companies.

Adjusted non-GAAP gross profit is defined as gross profit excluding stock-based compensation expense and impairment of long-lived assets. Adjusted non-GAAP operating expenses are defined as operating expenses excluding stock-based compensation expense, amortization of intangibles acquired, severance, factory restructuring charges, lease abandonment costs and litigation settlement costs. Adjusted non-GAAP operating income is defined as operating income (loss) excluding the items excluded from Adjusted non-GAAP gross profit and Adjusted non-GAAP operating expenses. Adjusted non-GAAP net income (loss) is defined as net loss excluding the aforementioned items, loss on assets held for sale, foreign currency gains and losses, and the related tax effects of all adjustments, as well as valuation allowances on certain deferred tax assets and certain net deferred tax adjustments. Adjusted non-GAAP earnings (loss) per diluted share is calculated using Adjusted non-GAAP net income (loss). EBITDA is defined as net income (loss) before interest expense, income tax provision, and depreciation and amortization expense. Adjusted EBITDA is defined as EBITDA excluding loss on assets held for sale, lease abandonment costs, impairment of long-lived assets, litigation settlement costs, stock-based compensation expense, factory restructuring costs and severance. A reconciliation of these financial measures to the most directly comparable GAAP financial measures is included at the end of this press release. We do not provide a reconciliation for forward-looking non-GAAP financial metrics because reconciliation information is not available without unreasonable effort, such as attempting to make assumptions that cannot reasonably be made on a forward-looking basis to determine the corresponding GAAP metric.

About Universal Electronics

Universal Electronics Inc. (Nasdaq: UEIC) is a global leader in wireless universal control solutions for the home. The company brings to life millions of innovative control products each year that focus on a user-centric approach to building control products and applications that simplify user interaction with highly complex technologies in the home, removing interoperability challenges as a roadblock for user adoption, with privacy first and a secure by design approach to today's smart devices. Our products are offered by the world's leading brands in home entertainment and the connected home markets, including leading global companies such as Daikin, Carrier, Comcast, Vivint Smart Home, Samsung, Sony, Hunter Douglas and Somfy. The company's pioneering breakthrough innovations include its award-winning voice control entertainment remote controls and QuickSet Cloud, a leading platform for automated device and service discovery, set-up and control, and user experience personalization for the home. For more information, visit www.uei.com.

Contacts:

UEI: Raymond Ho, CFO, UEI, investors@uei.com 480-530-3000
Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of federal securities laws, including statements about our future financial results, including the expected benefits of our cost reduction actions; anticipated trends in our business and market conditions; and similar statements concerning anticipated future events and expectations that are not historical facts. We caution you that these statements are not guarantees of future performance and are subject to numerous risks and uncertainties, including those we identify below and other risk factors that we identify in our annual report on Form 10-K for the year ended December 31, 2025 and the periodic reports filed and furnished since then.

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Risks that could affect forward-looking statements in this press release include: our continued ability to timely develop and deliver innovative control solutions and technologies that are accepted by our customers, both near- and long-term; our ability to attract new customers and to successfully capture sales in all markets we serve, including in the climate control and connected home markets as anticipated by management; our ability to manage management transition actions; our ability to continue optimizing our manufacturing footprint and realize the lower concentration risks as expected by management; our ability to maintain our market share in the traditional subscription broadcast market; our ability to manage through the worldwide inflationary pressures and macroeconomic conditions; our ability to successfully execute our strategic actions and plans; our ability to realize the anticipated cost savings and other benefits of our cost reduction actions; our ability to continue to manage our business, inventories and cash flows to achieve our net sales, margins and earnings through financial discipline, operational efficiency, product line management, liquidity requirements, capital expenditures and other investment spending expectations; our continued ability to successfully enforce our patented technology, including with respect to our litigation against Roku and Amazon; our continued ability to strategically enhance, expand, and monetize our IP portfolios; the continued fluctuation in our market capitalization; the use of artificial intelligence applications which could result in cybersecurity incidents that implicate the personal data of end users or other unintended ethical, reputational, competitive harm or legal liability; the direct and indirect impact we may experience with respect to our business and financial results and management’s ability to anticipate and mitigate the impact stemming from the continued economic uncertainty affecting consumers’ confidence and spending, natural disasters or other events beyond our control, public health crises (including an outbreak of infectious disease), governmental actions, including the changes in or enhanced use of laws, regulations and policies may have on our business including the impact of decreased governmental incentive programs worldwide or of enhanced or expanded trade regulations, including the expanded use of tariffs, pertaining to importation of our products, the effects of political unrest, war, terrorist activities, or other hostilities; the effects and uncertainties and other factors more fully described in our reports filed with the SEC.
Since it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results, the above list should not be considered a complete list. Further, any of these factors could cause actual results to differ materially from the expectations we express or imply in this press release. We make these forward-looking statements as of the date hereof, and we undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law or regulation.
– Tables Follow –

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UNIVERSAL ELECTRONICS INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share-related data)
(Unaudited)
September 30, 2026December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents$41,388 $32,306 
Accounts receivable, net83,517 79,320 
Contract assets7,244 8,091 
Inventories70,092 77,793 
Prepaid expenses and other current assets6,753 6,803 
Assets held for sale142 — 
Income tax receivable942 806 
Total current assets210,078 205,119 
Property, plant and equipment, net25,278 27,600 
Intangible assets, net19,409 21,968 
Operating lease right-of-use assets9,840 10,203 
Deferred income taxes3,273 5,496 
Other assets3,904 3,611 
Total assets$271,782 $273,997 
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable$59,618 $48,945 
Lines of credit and short term financing19,683 24,079 
Accrued compensation15,102 17,496 
Accrued sales discounts, rebates and royalties4,568 6,132 
Accrued income taxes2,506 2,524 
Other accrued liabilities22,444 20,134 
Total current liabilities123,921 119,310 
Long-term liabilities:
Operating lease obligations5,703 6,193 
Deferred income taxes1,537 1,507 
Income tax payable74 74 
Other long-term liabilities909 729 
Total liabilities132,144 127,813 
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value, 5,000,000 shares authorized; none issued or outstanding
— — 
Common stock, $0.01 par value, 50,000,000 shares authorized; 26,443,209 and 26,146,367 shares issued on September 30, 2026 and December 31, 2025, respectively
264 261 
Paid-in capital351,702 350,222 
Treasury stock, at cost, 13,537,944 and 13,537,944 shares on September 30, 2026 and December 31, 2025, respectively
(375,016)(375,016)
Accumulated other comprehensive income (loss)(17,875)(19,115)
Retained earnings180,563 189,832 
Total stockholders’ equity139,638 146,184 
Total liabilities and stockholders’ equity$271,782 $273,997 
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UNIVERSAL ELECTRONICS INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts)
(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Net sales$89,423 $90,552 $241,696 $280,543 
Cost of sales65,869 65,430 171,637 200,142 
Gross profit23,554 25,122 70,059 80,401 
Research and development expenses4,282 6,687 14,073 20,877 
Selling, general and administrative expenses16,416 22,106 52,242 65,941 
Factory restructuring charges — 841 — 841 
Operating income (loss)2,856 (4,512)3,744 (7,258)
Interest income (expense), net(654)(244)(923)(955)
Other income (expense), net(1,147)(1,002)(2,748)(2,701)
Income (loss) before provision for income taxes1,055 (5,758)73 (10,914)
Provision for income taxes1,397 2,571 6,106 6,601 
Net loss$(342)$(8,329)$(6,033)$(17,515)
Loss per share:
Basic$(0.03)$(0.62)$(0.47)$(1.33)
Diluted$(0.03)$(0.62)$(0.47)$(1.33)
Shares used in computing loss per share:
Basic12,90413,34012,75513,207 
Diluted12,90413,34012,75513,207 


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UNIVERSAL ELECTRONICS INC.
CONSOLIDATED STATEMENTS OF CASH FLOWS
(In thousands)
(Unaudited)
Nine Months Ended September 30,
20262025
Cash flows from operating activities:
Net loss$(6,033)$(17,515)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization9,032 11,080 
Provision for credit losses300 161 
Deferred income taxes2,414 961 
Shares issued for employee benefit plan and compensation1 431 
Employee and director stock-based compensation1,483 4,274 
Impairment of long-lived assets20 1,291 
Loss on sale of property, plant, and equipment630 — 
Changes in operating assets and liabilities:
Accounts receivable and contract assets(5,030)38,895 
Inventories8,239 1,403 
Prepaid expenses and other assets1,536 5,666 
Accounts payable and accrued liabilities4,235 (22,166)
Accrued income taxes(214)3,356 
Net cash provided by operating activities16,613 27,837 
Cash flows from investing activities:
Purchase of Blue Chip Swap securities— (2,544)
Sale of Blue Chip Swap securities— 2,314 
Acquisitions of property, plant and equipment(2,661)(3,143)
Proceeds on sale of property, plant, and equipment318 — 
Acquisitions of intangible assets(1,147)(2,331)
Net cash used for investing activities(3,490)(5,704)
Cash flows from financing activities:
Borrowings under lines of credit57,360 70,660 
Repayments on lines of credit(62,927)(89,714)
Proceeds from short term financing7,621 — 
Repayment on short term financing(8,755)— 
Treasury stock purchased— (780)
Net cash used for financing activities(6,701)(19,834)
Effect of foreign currency exchange rates on cash and cash equivalents2,660 2,424 
Net increase in cash and cash equivalents9,082 4,723 
Cash and cash equivalents at beginning of period32,306 26,783 
Cash and cash equivalents at end of period$41,388 $31,506 
Supplemental cash flow information:
Income taxes paid$2,975 $2,673 
Interest paid$790 $1,708 
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UNIVERSAL ELECTRONICS INC.
RECONCILIATION OF ADJUSTED NON-GAAP FINANCIAL RESULTS
(In thousands, except per share amounts)
(Unaudited) 
Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
NET SALES:
Net sales - GAAP$89,423 $90,552 $241,696 $280,543 
Adjusted non-GAAP net sales$89,423 $90,552 $241,696 $280,543 
Cost of sales:
Cost of sales - GAAP $65,869 $65,430 $171,637 $200,142 
Impairment of long-lived assets (5)
$— $(1,187)$— $(1,187)
Stock-based compensation expense(12)(13)(37)(41)
Adjusted non-GAAP cost of sales65,857 64,230 171,600 198,914 
Adjusted non-GAAP gross profit$23,566 $26,322 $70,096 $81,629 
Gross profit %:
Gross profit % - GAAP 26.3 %27.7 %29.0 %28.7 %
Impairment of long-lived assets (5)
— %1.4 %— %0.4 %
Stock-based compensation expense0.0 %0.0 %0.0 %0.0 %
Adjusted non-GAAP gross profit %26.3 %29.1 %29.0 %29.1 %
Operating expenses:
Operating expenses - GAAP$20,698 $29,634 $66,315 $87,659 
Stock-based compensation expense(182)(828)(1,446)(4,233)
Amortization of acquired intangible assets(207)(206)(621)(632)
Severance (1)
(232)(1,705)(1,779)(1,980)
Factory restructuring charges (2)
— (841)— (841)
Lease abandonment (3)
— (1,302)— (1,302)
Litigation settlement costs (4)
(195)— (195)— 
Adjusted non-GAAP operating expenses$19,882 $24,752 $62,274 $78,671 
Operating income (loss):
Operating income (loss) - GAAP $2,856 $(4,512)$3,744 $(7,258)
Impairment of long-lived assets (5)
$— $1,187 $— $1,187 
Stock-based compensation expense194 841 1,483 4,274 
Amortization of acquired intangible assets207 206 621 632 
Severance (1)
232 1,705 1,779 1,980 
Factory restructuring costs (2)
— 841 — 841 
Lease abandonment (3)
— 1,302 — 1,302 
Litigation settlement costs (4)
195 — 195 — 
Adjusted non-GAAP operating income$3,684 $1,570 $7,822 $2,958 
Adjusted non-GAAP operating income as a percentage of net sales4.1 %1.7 %3.2 %1.1 %
UNIVERSAL ELECTRONICS INC.
RECONCILIATION OF ADJUSTED NON-GAAP FINANCIAL RESULTS
(In thousands, except per share amounts)
(Unaudited)

Three Months Ended September 30,Nine Months Ended September 30,
2026202520262025
Net income (loss):
Net income (loss) - GAAP $(342)$(8,329)$(6,033)$(17,515)
Impairment of long-lived assets (5)
— 1,187 — 1,187 
Stock-based compensation expense194 841 1,483 4,274 
Amortization of acquired intangible assets207 206 621 632 
Severance (1)
232 1,705 1,779 1,980 
Factory restructuring costs (2)
— 841 — 841 
Lease abandonment (3)
— 1,302 — 1,302 
Litigation settlement costs (4)
195 — 195 — 
Loss on assets held for sale (6)
592 — 592 — 
Foreign currency (gain)/loss556 1,109 2,388 2,651 
Income tax provision on adjustments666 2,248 4,544 6,605 
Adjusted non-GAAP net income$2,300 $1,110 $5,569 $1,957 
EBITDA:
Net income (loss) - GAAP$(342)$(8,329)$(6,033)$(17,515)
Interest expense140 475 788 1,712 
Income tax provision1,397 2,571 6,106 6,601 
Depreciation and amortization expense2,847 3,458 9,032 11,080 
EBITDA$4,042 $(1,825)$9,893 $1,878 
Loss on assets held for sale (6)
592 — 592 — 
Lease abandonment (3)
— 1,302 — 1,302 
Impairment of long-lived assets (5)
— 1,187 — 1,187 
Litigation settlement costs (4)
195 — 195 — 
Stock-based compensation expense194 841 1,483 4,274 
Factory restructuring costs (2)
— 841 — 841 
Severance (1)
232 1,705 1,779 1,980 
Adjusted EBITDA$5,255 $4,051 $13,942 $11,462 
Diluted shares used in computing earnings (loss) per share:
GAAP12,904 13,340 12,755 13,207 
Adjusted non-GAAP13,323 13,569 13,338 13,488 
Diluted earnings (loss) per share:
Diluted earnings (loss) per share - GAAP $(0.03)$(0.62)$(0.47)$(1.33)
Total adjustments per share$0.20 $0.70 $0.87 $1.44 
Adjusted non-GAAP diluted earnings (loss) per share$0.17 $0.08 $0.42 $0.15 






(1) The three and nine months ended September 30, 2025 and September 30, 2026 include severance costs associated with a global reduction in force primarily impacting roles within the selling and general and administration functions as well as engineering and research and development functions. Additionally, the nine months ended September 30, 2025 include severance per the Transition Agreement and Release of Claims dated March 19, 2025 between Paul D. Arling and the Company.

(2) The three and nine months ended September 30, 2025 include severance and other exit costs associated with the closure of our Mexico manufacturing facility.

(3) The three and nine months ended September 30, 2025 include costs resulting from the abandonment of our office space in Carlsbad, California.

(4) The three and nine months ended September 30, 2026 include costs resulting from litigation settlement reached during the period.

(5) The three and nine months ended September 30, 2025 include impairment charges related to machinery and equipment and leasehold improvements associated with the shut down of our Mexico manufacturing facility.

(6) The three and nine months ended September 30, 2026, include a loss on assets held for sale related to certain manufacturing equipment that was previously sold by the Company’s Mexico facility in December 2025, subsequently re-acquired and returned to the Company during the three months ended June 30, 2026, and classified as held for sale as of June 30, 2026.
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