Earnings summaries and quarterly performance for UNIVERSAL DISPLAY CORP \PA\.
Executive leadership at UNIVERSAL DISPLAY CORP \PA\.
Steven Abramson
Detailed
President and Chief Executive Officer
CEO
BM
Brian Millard
Detailed
Vice President, Chief Financial Officer and Treasurer
JM
Janice Mahon
Detailed
Senior Vice President, Technology Commercialization and General Manager, Commercial Sales Business
JB
Julia Brown
Detailed
Executive Vice President and Chief Technical Officer
MP
Mauro Premutico
Detailed
Senior Vice President, Planning, Chief Legal Officer and Secretary
Board of directors at UNIVERSAL DISPLAY CORP \PA\.
AW
April Walker
Detailed
Director
CJ
Celia Joseph
Detailed
Director
CC
Cynthia Comparin
Detailed
Director
EG
Elizabeth Gemmill
Detailed
Lead Independent Director
JL
Joan Lau
Detailed
Director
KH
Keith Hartley
Detailed
Director
LL
Lawrence Lacerte
Detailed
Director
NB
Nigel Brown
Detailed
Director
RE
Richard Elias
Detailed
Director
SR
Sidney Rosenblatt
Detailed
Chair of the Board
Research analysts who have asked questions during UNIVERSAL DISPLAY CORP \PA\ earnings calls.
MY
Martin Yang
Oppenheimer & Co. Inc.
4 questions for OLED
Also covers: AMBA, APP, CEVA +12 more
SS
Scott Searle
ROTH MKM
4 questions for OLED
Also covers: ADEA, AIOT, AIRG +21 more
JR
James Ricchiuti
Needham & Company, LLC
3 questions for OLED
Also covers: AEIS, BELFA, BHE +20 more
BL
Brian Lee
Goldman Sachs Group, Inc.
2 questions for OLED
Also covers: ARRY, AYI, CCJ +19 more
MH
Mehdi Hosseini
Susquehanna Financial Group
2 questions for OLED
Also covers: AEIS, ALAB, AMAT +19 more
NH
Nam Hyung Kim
Arete Research
2 questions for OLED
Also covers: RMBS, SNDK
AM
Atif Malik
Citigroup Inc.
1 question for OLED
Also covers: AAPL, ALAB, AMAT +11 more
HO
Hadi Orabi
TD Cowen
1 question for OLED
Also covers: STX
TB
Tyler Bisset
Goldman Sachs
1 question for OLED
Also covers: HASI, JKS, OKLO +2 more
Recent press releases and 8-K filings for OLED.
Universal Display discusses OLED market growth and financial strategy
OLED
New Projects/Investments
Revenue Acceleration/Inflection
Dividends
- Universal Display (UDC) is a key OLED material supplier, with commercialized red and green phosphorescent emitter materials and ongoing progress in blue phosphorescent material, notably with LG Display having produced a commercially performing panel using UDC's blue material.
- The company identifies the IT market (tablets, laptops, monitors) as a significant growth opportunity, currently at ~5% OLED penetration, with new capacity investments from major customers like Samsung and BOE expected to come online by mid-2026.
- UDC maintains strong gross margins of 76%-77% and anticipates future growth from increasing adoption of foldable smartphones and continued unit growth in the TV market.
- The company's revenue streams include material sales and licensing of its 7,000+ patents, and it returns capital through an annually increasing dividend program and a share buyback authorization.
Dec 9, 2025, 11:00 AM
Universal Display Highlights Growth Opportunities in OLED Markets and Strategic Initiatives
OLED
New Projects/Investments
Product Launch
Dividends
- Universal Display Corporation (UDC) projects significant growth in smartphones (especially foldables), TVs, and the IT market (tablets, laptops, and monitors), with new IT capacity from Samsung and BOE expected online by mid-2026. The IT market is particularly compelling due to its low current penetration and the use of tandem structures that require more material per device.
- The company is advancing its blue phosphorescent material, which is expected to increase display energy efficiency by approximately 25% compared to current fluorescent blue emitters. LG Display demonstrated a commercially performing panel using UDC's blue material in May 2025.
- UDC maintains strong gross margins of 76%-77% this year, supported by long-term customer agreements. The company balances capital return through an annually increasing dividend and a share buyback program with strategic investments in R&D and the recent acquisition of a patent portfolio from Merck.
Dec 9, 2025, 11:00 AM
Universal Display Highlights Growth Opportunities in OLED Markets and Blue Material Development
OLED
New Projects/Investments
Revenue Acceleration/Inflection
Product Launch
- Universal Display (UDC) is a key OLED material supplier, having commercialized red and green phosphorescent emitters and actively developing a blue phosphorescent material, which is anticipated to increase display energy efficiency by approximately 25% upon commercial introduction.
- The company's primary markets include smartphones, with roughly 60% penetration (nearly 100% in premium models), TVs at about 3% penetration, and the IT market (tablets, laptops, and monitors) with 5% penetration but identified as the biggest growth opportunity for the next few years.
- For 2026, UDC anticipates growth from increasing momentum in foldable smartphones, projected TV unit growth, and significant expansion in the IT market as new capacity from customers like Samsung and BOE comes online. IT products are particularly compelling due to their tandem structure, requiring more material per square inch.
- UDC's business model integrates material sales with the licensing of its extensive portfolio of 7,000+ patents, and its manufacturing is supported by a 25-year partnership with PPG.
Dec 9, 2025, 11:00 AM
Universal Display Reports Q3 2025 Results and Updates Full-Year Guidance
OLED
Earnings
Guidance Update
M&A
- Universal Display reported Q3 2025 revenue of $140 million, operating profit of $43 million, and net income of $44 million, or $0.92 per diluted share.
- The company now expects full-year 2025 revenues to be around the lower end of its $650-$700 million guidance range , with Q4 2025 revenue projected to be a record quarter.
- Universal Display announced a definitive agreement to acquire OLED patent assets from Merck KGaA for $50 million, with the transaction expected to close in January 2026.
- Future growth is anticipated from rising OLED adoption in IT applications, with new Gen 8.6 OLED fabs slated to come online in 2026, and the expected commercialization of phosphorescent blue technology.
Nov 6, 2025, 10:00 PM
Universal Display Corporation Announces Q3 2025 Financial Results, Revised Guidance, and Patent Acquisition
OLED
Earnings
Guidance Update
M&A
- Universal Display Corporation reported total revenue of $139.6 million and net income of $44.0 million, or $0.92 per diluted share, for the third quarter ended September 30, 2025.
- The company revised its 2025 revenue guidance, now expecting it to be around the lower end of its previous range of $650 million to $700 million.
- Universal Display Corporation agreed to acquire OLED patent assets from Merck KGaA for a $50 million cash payment, with the transaction expected to close in January 2026.
- A fourth quarter cash dividend of $0.45 per share was announced, payable on December 31, 2025.
Nov 6, 2025, 9:10 PM
Universal Display Discusses IT Market Growth, Blue PHOLED Progress, and Capital Allocation
OLED
New Projects/Investments
Share Buyback
Guidance Update
- Universal Display anticipates significant growth in the IT market, with current OLED penetration at approximately 5% globally and key customers like Samsung, BOE, and Visionox announcing new CapEx plans for IT capacity. Tandem structures, frequently used in IT products, are expected to require 1.5 to 2 times more material consumption for UDC compared to single-layer structures.
- LG's recent announcement of a display utilizing UDC's phosphorescent blue material in a hybrid tandem panel is a significant development, demonstrating a 15% reduction in energy consumption and representing an entirely new revenue stream for UDC. While the original timeline for commercial performance was 2024, challenges, particularly with lifetime characteristics, caused delays, and no new specific timeline for a standalone blue or all-phosphorescent RGB architecture has been provided.
- The company's board authorized a $100 million share buyback in late April, which will be deployed opportunistically, complementing their historical dividend program as part of their capital allocation strategy that prioritizes organic R&D and M&A.
- Universal Display is increasingly optimistic about the automotive market, where only about 1% of the 85 million new vehicles sold annually currently incorporate OLED products, indicating substantial growth potential through increased penetration and content per vehicle.
Aug 12, 2025, 4:05 PM
Universal Display Corp Reports Record Q2 2025 Performance, Raises Full-Year Revenue Guidance
OLED
Earnings
Guidance Update
New Projects/Investments
- Universal Display reported record performance in the second quarter of 2025, with revenue of $172 million, net income of $67 million, and $1.41 per diluted share.
- The company raised the low end of its 2025 revenue guidance range to $650 million to $700 million and expects 2025 operating margins to be at the upper end of their 35% to 40% guidance range.
- The OLED market is experiencing robust growth, driven by expanding product adoption in consumer electronics and automotive markets, with OLED IT units forecasted to more than double to 48.6 million units in 2027 from 23 million units in 2024.
- A major milestone was achieved with the verification of commercialization level performance of blue phosphorescent OLED panels on a mass production line by one of their customers.
- Universal Display ended the quarter with approximately $932 million in cash, cash equivalents, and investments and approved a $0.45 quarterly dividend.
Aug 1, 2025, 9:11 PM
Universal Display Corp at Bank of America Global Technology Conference 2025
OLED
Dividends
Share Buyback
New Projects/Investments
- IR Head Doris Liu, with 12 years at the company, provided insights on the OLED display market and UDC’s long history of innovation.
- UDC discussed growth catalysts in OLED driven by investments in medium-sized panel production for smartphones, IT, and automotive, highlighting new fab capacities such as Samsung’s Gen 8.6 expected Q2 2026 and BOE’s Q4 2026 rollout.
- The company detailed its dual revenue model, emphasizing long-term materials and IP licensing agreements with a 1.4:1 material-to-royalty ratio, and noted future opportunities with blue emitter technology.
- UDC reaffirmed strong margin guidance (gross margins of 76%-77% and operating margins of 35%-40%), along with a commitment to shareholder returns via an ongoing dividend program and a $100 million buyback initiative.
Jun 4, 2025, 2:31 AM
Universal Display Corp Reports Q1 2025 Results, Dividend & Share Repurchase Program
OLED
Earnings
Dividends
Share Buyback
- Q1 2025 Financial Performance: Reported total revenue of $166 million (with slight variation to $166.3 million), net income of $64 million (nearly $64.4 million) and operating income of approximately $70 million .
- Dividend Declaration: Announced a quarterly cash dividend of $0.45 per share payable on June 30, 2025 .
- Share Repurchase Authorization: Approved a program to repurchase up to $100 million of common stock, providing flexibility to capitalize on market opportunities .
- Full-Year Outlook & Capital Allocation: Provided full-year revenue guidance of $640 million to $700 million along with strategic capital allocation measures [doc 2].
- Blue OLED Update: LG Display confirmed commercialization-level performance for blue phosphorescent panels with blue development revenues of approximately $1.1 million [doc 1] [doc 8].
May 1, 2025, 9:01 PM
Universal Display Corp Presents 2025 Guidance and Strategic Initiatives
OLED
Guidance Update
New Projects/Investments
- 2025 guidance was provided with revenue expected between $640 million and $700 million, with a midpoint at $670 million and approximately 3.5% growth from the previous year, amid macroeconomic uncertainties.
- The discussion highlighted strong smartphone and IT market opportunities, with OLED penetration exceeding 50% in smartphones and IT displays expected to grow from 3-4% today to potentially 20% by 2030.
- The company is advancing its phosphorescent blue emitter technology, noting a delay from 2024 with commercial specification expected to be achieved within months (starting at the beginning of 2025) and a typical 9-12 month design cycle for product introduction.
- Additionally, Universal Display emphasized strategic use of its $1 billion cash position for dividends, buybacks, and R&D investments, supporting both current operations and future growth initiatives.
Mar 18, 2025, 8:01 PM
Quarterly earnings call transcripts for UNIVERSAL DISPLAY CORP \PA\.
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