Universal Display Corporation
149.18+0.92 (+0.62%)
Oct 29, 4:00:00 PM EDT · NasdaqGS · OLED · USD
Key Stats
Market Cap
7.09BP/E (TTM)
29.14Basic EPS (TTM)
5.12Dividend Yield
0.01%Recent Filings
8-K
Q2 revenue hits record $171.8M
Universal Display Corporation reported record Q2 2025 revenue of $171.8 million, up 8% from $158.5 million in Q2 2024, driven by surging royalty and license fees to $75.7 million despite softer material sales. Net income climbed to $67.3 million, or $1.41 per diluted share. The company raised its full-year revenue guidance to $650 million–$700 million, eyeing OLED expansion in IT and automotive. Uncertainty lingers in the macroeconomic environment.
10-Q
Q2 FY2025 results
Universal Display Corporation posted solid Q2 FY2025 results, with total revenue climbing 8% year-over-year to $171.8 million, driven by a 27% surge in royalty and license fees to $75.7 million despite a 7% dip in material sales to $88.7 million from customer mix shifts; gross margin expanded to 77% of revenue, up from 76%, while operating income rose 22% to $68.5 million on steady expenses. Diluted EPS hit $1.41, up 28% y/y and matching basic due to minimal dilution from 47.7 million weighted shares. Operating cash flow for the half-year stood at $82.5 million, with free cash flow at $54.9 million (derived) after $27.5 million in capex, bolstering a liquidity position of $95.8 million in cash equivalents and $429.4 million in short-term investments—no debt. Restructuring costs of $0.6 million tied to relocating OVJP operations to Singapore and New Jersey trimmed R&D slightly. Cash dividends rose to $0.45 per share. Patent oppositions pose ongoing risks to IP protection.
8-K
Annual meeting results announced
Universal Display Corporation held its 2025 Annual Meeting on June 18, 2025, with 42,727,869 shares represented. Shareholders elected all 11 director nominees, including Steven V. Abramson and April Walker, despite some opposition for Elizabeth H. Gemmill and Celia M. Joseph. The advisory vote approved executive compensation, while ratification of KPMG LLP as auditors passed overwhelmingly. Continuity in governance remains intact.
8-K
Q1 earnings and $100M buyback
Universal Display Corporation reported Q1 2025 revenue of $166.3 million, edging up from $165.3 million a year ago, with net income climbing to $64.4 million or $1.35 per share from $56.9 million or $1.19. Royalty fees rose to $73.6 million despite softer material sales, boosting operating income to $69.7 million. The board greenlit a $100 million stock buyback and a $0.45 quarterly dividend, payable June 30. Strong cash flow supports capital returns. Buybacks may pause amid market volatility.
10-Q
Q1 FY2025 results
Universal Display edged up total revenue to $166.3 million in Q1 FY2025 ended March 31, 2025, a 0.6% y/y gain from $165.3 million, while material sales dipped 7.6% y/y to $86.2 million amid softer emitter volumes, offset by 7.8% y/y royalty growth to $73.6 million from customer mix shifts. Gross margin held steady at 77.1% (derived), down slightly from 77.6%, as operating expenses fell 10.6% y/y to $58.5 million, driving operating income up 10.9% y/y to $69.7 million and diluted EPS to $1.35, up 13.4% y/y and reconciling to 47.7 million weighted shares. Operating cash flow came in at $30.6 million, yielding free cash flow of $17.5 million (derived) after $13.1 million capex, while cash swelled to $157.5 million with $918.2 million total liquidity and no debt. Restructuring hit research costs by $0.6 million from OVJP relocation, yet net income climbed 13.3% y/y to $64.4 million. Cash stays ample. Patent oppositions loom as a persistent risk.
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