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Stock research / United States / OLED · Electronic Components & Accessories · Nasdaq

Universal Display Corp. \Pa\ (OLED)

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Universal Display Corp. \Pa\ (OLED) reported revenue of $152 million for Q2 FY2026, the quarter ended 30 June 2026, down 11.4% on the same quarter a year earlier. Net income was $49 million, down 26.5% on the year, and diluted earnings per share $1.06. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue$152 milliondown 11.4%
Net income$49 milliondown 26.5%
Diluted EPS$1.06
QuarterQ2 FY2026ended 30 June 2026

Universal Display Corp. \Pa\ (OLED) in brief

Universal Display Corp. \Pa\ (OLED) reported revenue of $651 million for fiscal 2025, the year ended 31 December 2025, up 0.5% on the year before.
Read moreNet income was $242 million and diluted earnings per share $5.08. Revenue was $648 million in fiscal 2024, $576 million in fiscal 2023, $617 million in fiscal 2022 and $554 million in fiscal 2021. Net income in the same years was $222 million, $203 million, $210 million and $184 million. Over the twelve months to 30 June 2026, Universal Display Corp. \Pa\ reported revenue of $607 million and net income of $196 million. Revenue grew 8.7% a year, compounded, over the five years to fiscal 2025. Universal Display Corp. \Pa\ declared $1.80 a share in dividends over the last four quarters and had 46 million shares outstanding at the latest filed count. At the close of 8 October 2026 the market cap of Universal Display Corp. \Pa\ was $3.4 billion, 17.7 times its earnings over the last twelve months.

Ratios

From the filings

ROE11.6%
ROCE12.3%
Operating margin34.1%
Net margin32.2%
FCF margin36.3%
Interest covern/a
Debt to equityn/a
Cash conversion1.34
Share count, 1 year-2.7%
Sales CAGR, 3 years1.8%
Profit CAGR, 3 years4.8%
EPS, TTM$4.13

At the close of 8 October 2026

Price$72.90
Market cap$3.4 billion
Stock P/E17.65
Price to book2.00
EV / EBITDA12.62
Dividend yield2.5%
Market cap / sales5.55
52-week high$151.38
52-week low$72.90
Price, 1 year-49.7%
Price CAGR, 3 years-22.9%
Price CAGR, 5 years-15.5%
Worked from the filed figures; hover a name for the formula.
Read moreThe priced ones use the latest daily close from SimFin. Nothing here is a valuation or a view.
OLEDgreeksoup.ai
Daily closes to 8 October 2026, adjusted for splits; prices from SimFin.
Read moreDay by day for the last three years; before that one point a week, carrying the week's last close and its average daily volume, so a volume bar means the same thing across the whole series; the bars sit under the price on their own scale, on the right. The moving averages need consecutive days and are drawn from the daily part. P/E is the close over the trailing four quarters' EPS as filed at each filing date, on the current share count; the dashed line is the median over the range shown. Sales and margin are quarterly revenue and the operating margin from the tables above. EV/EBITDA, price to book and market cap to sales use the latest filed balance sheet and share count at each date. Before the quarters on file begin, P/E, price to book and market cap to sales stand on each annual report from the day it was filed. Drawn in your browser; the range and overlay you pick are remembered here only.

The public record on OLED

Filings12 in twelve months: 5 current reports (8-K), about 4 results of operations; 1 shareholder vote; 1 other events; 1 regulation fd disclosure
Planned insider sales1 Form 144 notice in twelve months, $423,138; latest 18 August 2026
Options tapeput/call 0.22 by open interest at the 8 October 2026 close; the straddle prices a 5.9% move to 16 October 2026
13F holders7 of the followed funds hold it; largest Geode Capital Management; 5 Schedule 13D or 13G filings in twelve months
Insider trading2 sales and 7 purchases on Form 4 in twelve months
Congress0 House trades disclosed in six months
Short interest4.6 million shares short, 5.76 days to cover at 15 September 2026
Documentsthe 10-K, the 10-Qs, the proxy and 4 earnings press releases, each linked

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue141158165159162162166172140173142152
Cost of revenue34.236.037.038.335.837.438.139.235.541.336.136.8
Gross profit107122128120126125128133104132106115
Gross margin76%77%78%76%78%77%77%77%75%76%75%76%
R&D33.133.638.036.836.146.334.936.436.338.535.235.0
SG&A18.116.819.319.815.719.517.020.418.018.820.018.6
Operating income48.464.762.956.467.052.569.768.543.167.242.853.6
Operating margin34%41%38%36%41%32%42%40%31%39%30%35%
Pre-tax income53.975.670.564.981.455.380.183.954.176.745.361.0
Tax rate4%18%19%19%18%17%20%20%19%13%21%19%
Net income51.562.056.952.366.946.064.467.344.066.335.949.4
Net margin37%39%34%33%41%28%39%39%32%38%25%32%
Diluted EPS$1.08$1.29$1.19$1.10$1.40$0.96$1.35$1.41$0.92$1.39$0.76$1.06
Operating cash flow60.337.172.267.079.934.730.651.997.231.110925.0
Capital expenditure24.97.67.29.113.612.713.114.512.816.18.64.6
Free cash flow35.429.565.057.966.222.017.537.584.315.110020.3
Buybacksn/an/an/an/an/an/a0.00.0n/an/a67.148.1
Dividends paid16.716.519.519.219.218.321.421.421.421.323.523.2
Shares outstanding47m47m47m47m47m47m48m48m48m47m47m46m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Income statement (profit and loss), 12 fiscal years and the trailing twelve months

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Revenue191191199336247405429554617576648651607
Cost of revenue41.363.026.354.753.575.485.5115128135148154150
Gross profit150128173281194330343439489441499496457
Gross margin78.4%67.0%86.8%83.7%78.4%81.4%80.1%79.2%79.3%76.5%77.1%76.3%75.3%
Research and development41.244.642.749.153.771.383.999.7117130157146145
Selling, general and administrative28.129.032.946.847.059.661.380.477.967.474.374.375.5
Operating income58.632.368.414656.7158158228267217239249207
Operating margin30.7%16.9%34.4%43.6%22.9%39.1%36.7%41.1%43.3%37.7%36.9%38.2%34.1%
Interest expense0.10.1n/an/an/an/an/an/an/an/an/an/an/a
Pre-tax income59.333.168.615064.3170164228268245272295237
Income tax17.518.420.545.75.531.630.244.058.242.250.052.741.4
Effective tax rate29.5%55.6%29.9%30.5%8.5%18.6%18.4%19.3%21.7%17.2%18.4%17.9%17.5%
Net income41.914.748.110458.8138133184210203222242196
Net margin21.9%7.7%24.2%31.0%23.8%34.1%31.1%33.3%34.1%35.2%34.3%37.2%32.2%
Diluted EPS$0.90$0.31$1.02$2.18$1.24$2.92$2.80$3.87$4.40$4.24$4.65$5.08$4.13
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
From each year's 10-K, linked; TTM is the last four quarters.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. † The year as the company last restated it in a later filing; rest on a figure for the one first filed. EPS is as filed.

Revenue by product or service

FY2023FY2024FY2025Share
latest year
Material sales32236535354.3%
Royalty and license fees23826727542.3%
Contract research services16.015.422.53.5%
Material salesRoyalty and license feesContract research services
576FY2023648FY2024651FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Revenue by region

FY2023FY2024FY2025Share
latest year
South Korea32339838458.9%
China23022923836.6%
United States12.814.424.43.8%
Japan7.03.62.80.4%
Other Non-U.S. Locations4.42.51.70.3%
South KoreaChinaUnited StatesJapanOther Non-U.S. Locations
576FY2023648FY2024651FY2025

$ million; hover a block for its figure and share

From the latest 10-K, in the company's own words.
Read moreA year is shown only where the parts add up to the revenue above. Fiscal years are labelled by the year they end in.

Cash flow and capital returned

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Operating cash flow47.311480.3133122194149191127155254211262
Capital expenditure6.25.17.329.825.430.128.043.242.559.842.656.542.2
Free cash flow41.110973.010496.416412114884.395.0211154220
Free cash flow margin21.5%56.8%36.7%30.9%39.0%40.4%28.2%26.7%13.7%16.5%32.6%23.7%36.3%
Cash from investing-42.3-58.6-38.5-126-21.0-239391-458-281-83.3-164-45.56.0
Cash from financing-30.1-2.9-0.0-14.3-22.6-34.6-41.7-51.4-64.6-72.9-82.3-126-243
Depreciation and amortisation13.114.120.826.930.634.437.242.042.343.444.146.650.8
Share-based compensation7.39.211.412.312.416.126.634.929.924.130.028.224.3
Buybacks29.50.0n/an/a0.50.60.00.0n/a0.00.032.9n/a
Dividends paidn/an/an/a5.711.318.928.40.057.066.776.285.589.4
Dividend per sharen/an/an/a$0.12$0.24$0.40$0.60$0.80$1.20$1.40$1.60$1.80n/a
Diluted shares, weighted47m47m47m47m47m47m47m47m47m48m48m48m47m
Shares outstanding at period end47m48m47m47m47m47m48m48m48m47m47m47m46m
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
Cash paid in the year, from the cash flow statement.
Read moreThe dividend per share is as declared. Diluted shares are the weighted average for the year; a falling count is the buybacks net of issuance. TTM sums the last four quarters; the share counts are the latest quarter's.

Balance sheet at year end

FY2014 †FY2015 †FY2016FY2017FY2018FY2019FY2020FY2021FY2022 †FY2023 †FY2024FY2025TTM
Funded by
Shareholders' equity4494675286596918119131,1001,2751,4471,6171,7611,684
Operating lease liabilitiesn/an/an/an/an/a6.96.927.329.022.919.119.216.9
Finance lease liabilitiesn/an/an/an/an/an/a6.927.329.022.919.119.216.9
Other liabilities41.192.699.1121243302343312199176178164170
Total liabilities and equity4905596287809331,1201,2691,4671,5331,6691,8321,9641,888
Owned
Fixed assets19.922.427.256.569.787.9102129143175195215210
Goodwilln/an/a15.515.515.515.515.515.515.515.515.515.515.5
Intangible assets83.072.015213211190.870.349.738.490.373.656.896.2
Investments246300204302304519105519744722851841762
Cash and equivalents45.497.513913321113263031293.492.099.0138121
Receivables22.124.725.052.443.160.582.310892.7140114120126
Inventory37.112.717.336.370.064.091.6134183176183241250
Other assets36.229.847.452.7109150172200222259301336308
Total assets4905596287809331,1201,2691,4671,5331,6691,8321,9641,888
Filing10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K10-K
At the fiscal year end; the TTM column is the latest quarter end.
Read moreBoth totals are the company's own. Other liabilities is the filed total less the rows above it: payables, deferred revenue, taxes, borrowings the rows above do not carry and the rest; other assets is the same on the other side. Investments add the current and non-current lines as filed. Debt is the company's own stated total where it files one, otherwise its long-term debt with the current maturities, never parts added together. A row is left blank in a year where the lines shown overlap and the remainder would fall below nil.

Compounded growth

10 years5 years3 yearsTTM
Sales growth, compounded13.0%8.7%1.8%-8.3%
Profit growth, compounded32.4%12.7%4.8%-20.0%
Return on equity, average14.0%14.9%13.8%13.7%
Yearly growth, compounded; TTM is the last four quarters against the four before.
Read moreReturn on equity is net income over shareholders' equity at each year end, averaged over the window (the TTM column is the latest year alone); equity is the parent's shareholders' equity as tagged in the 10-K. Arithmetic on filed numbers, nothing forecast.

Peers: Electronic Equipment

CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
Hubbell Inc. HUBB$25.1 billion28.1523.1%20.0%10.6%1.231.1%
Rambus Inc. RMBS$11.8 billion49.7616.3%35.5%17.2%0.00n/a
Nextpower Inc. NXT$11.6 billion22.0923.2%19.3%17.0%0.00n/a
Advanced Energy Industries Inc. AEIS$11.4 billion52.9315.1%13.2%24.6%0.870.0%
Sanmina Corp. SANM$11.3 billion37.6511.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$10.9 billionn/a-2.1%6.9%40.0%0.27n/a
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Allegro Microsystems, Inc. ALGM$6.8 billion604.501.5%4.9%24.2%0.29n/a
Cirrus Logic, Inc. CRUS$5.7 billion13.8619.7%23.0%6.2%0.00n/a
Synaptics Inc. SYNA$4.7 billionn/a-52.8%-5.6%11.4%0.90n/a
Universal Display Corp. \Pa\ OLED$3.4 billion17.6511.6%34.1%-8.3%n/a2.5%
IPG Photonics Corp. IPGP$3.3 billion119.601.3%0.7%13.0%0.00n/a
All 55 in Electronic Equipment
CompanyMarket capP/EROEOp. marginSales growth
TTM
Debt to equityDiv. yield
NVIDIA Corp. NVDA$5.55 trillion29.1484.2%65.2%83.4%0.150.0%
Taiwan Semiconductor Manufacturing Company Limited TSM *$2.38 trillion44.7831.7%50.8%31.6%0.190.6%
Broadcom Inc. AVGO$1.72 trillion45.9938.4%48.0%48.7%0.610.7%
Micron Technology Inc. MU$1.17 trillion23.4550.1%65.6%167.0%0.050.0%
Advanced Micro Devices Inc. AMD$1.01 trillion159.569.6%15.7%39.5%0.05n/a
Intel Corp. INTC$540.0 billionn/a-12.9%-0.1%7.5%0.550.4%
Applied Materials Inc. AMAT$404.4 billion43.9336.2%29.6%7.8%0.200.4%
Arm Holdings plc ARM *$313.2 billion346.3210.9%18.3%22.8%0.00n/a
Texas Instruments Inc. TXN$263.2 billion43.8733.6%37.3%16.7%0.781.9%
Marvell Technology, Inc. MRVL$240.8 billion90.6514.2%16.5%30.6%0.270.1%
Analog Devices Inc. ADI$196.7 billion48.1512.3%35.5%33.6%0.201.0%
Qualcomm Inc. QCOM$186.0 billion20.3733.5%23.2%1.9%0.462.0%
Amphenol Corp. APH$105.2 billion21.3833.2%27.0%54.2%1.111.1%
ASE Technology Holding Co., Ltd. ASX *$100.6 billion82.7911.7%8.0%8.4%0.740.7%
Vertiv Holdings Co. VRT$93.8 billion55.1436.4%18.9%26.2%0.62n/a
Lumentum Holdings Inc. LITE$92.9 billionn/a-149.3%17.4%83.2%0.35n/a
Motorola Solutions, Inc. MSI$74.0 billion35.2179.9%24.9%10.3%3.151.0%
Northrop Grumman Corp. NOC$68.8 billion15.4125.1%10.7%5.9%0.811.9%
Monolithic Power Systems, Inc. MPWR$67.3 billionn/an/a28.7%28.7%0.000.5%
Ciena Corp. CIEN$60.4 billion95.0721.4%12.3%32.6%1.06n/a
NXP Semiconductors N.V. NXPI$58.3 billion19.7226.1%32.0%8.8%0.881.8%
United Microelectronics Corporation UMC *$57.5 billion44.6811.0%18.5%2.3%0.17n/a
Nokia Corporation NOK *$56.6 billion75.053.1%4.4%3.5%0.161.5%
Garmin Ltd. GRMN$51.8 billion27.6720.8%27.6%13.5%0.000.5%
STMicroelectronics N.V. STM *$46.8 billion292.830.9%1.5%-11.1%0.120.7%
L3Harris Technologies, Inc. LHX$44.1 billion23.939.4%10.1%7.3%0.462.0%
Flex Ltd. FLEX$42.4 billion44.3017.7%5.0%12.2%0.95n/a
Microchip Technology Inc. MCHP$41.0 billion111.067.4%15.5%20.9%0.832.4%
Telefonaktiebolaget LM Ericsson ERIC *$32.0 billion11.2426.0%16.3%-4.5%0.303.0%
Jabil Inc. JBL$31.4 billion37.3565.2%4.3%17.8%2.550.1%
ON Semiconductor Corp. ON$30.9 billion50.908.7%10.8%-3.1%0.62n/a
Teledyne Technologies Inc. TDY$28.0 billion29.208.9%19.4%7.9%0.19n/a
Qnity Electronics, Inc. Q$27.1 billion46.338.1%n/an/a0.550.1%
Hubbell Inc. HUBB$25.1 billion28.1523.1%20.0%10.6%1.231.1%
Macom Technology Solutions Holdings, Inc. MTSI$24.6 billion103.6015.6%18.1%28.4%0.22n/a
First Solar, Inc. FSLR$19.2 billion11.0316.9%33.6%23.8%0.00n/a
Semtech Corp. SMTC$17.5 billion124.1720.6%8.0%17.8%0.47n/a
Fabrinet FN$17.5 billion37.3419.3%10.0%35.7%0.00n/a
Lattice Semiconductor Corp. LSCC$17.1 billion480.694.6%7.4%33.3%0.00n/a
Sitime Corp. SITM$17.1 billion1,316.451.4%-3.9%83.0%1.29n/a
Amkor Technology, Inc. AMKR$12.6 billion22.8711.9%8.6%17.9%0.540.7%
Vicor Corp. VICR$12.5 billion84.0817.4%18.6%11.7%0.00n/a
TTM Technologies Inc. TTMI$12.4 billion52.9312.2%9.9%27.6%0.50n/a
Skyworks Solutions, Inc. SWKS$12.2 billion41.625.1%7.6%0.1%0.093.5%
Rambus Inc. RMBS$11.8 billion49.7616.3%35.5%17.2%0.00n/a
Nextpower Inc. NXT$11.6 billion22.0923.2%19.3%17.0%0.00n/a
Advanced Energy Industries Inc. AEIS$11.4 billion52.9315.1%13.2%24.6%0.870.0%
Sanmina Corp. SANM$11.3 billion37.6511.2%4.2%58.6%0.79n/a
Viavi Solutions Inc. VIAV$10.9 billionn/a-2.1%6.9%40.0%0.27n/a
Silicon Laboratories Inc. SLAB$7.4 billionn/a-3.6%-5.1%21.7%0.00n/a
Allegro Microsystems, Inc. ALGM$6.8 billion604.501.5%4.9%24.2%0.29n/a
Cirrus Logic, Inc. CRUS$5.7 billion13.8619.7%23.0%6.2%0.00n/a
Synaptics Inc. SYNA$4.7 billionn/a-52.8%-5.6%11.4%0.90n/a
Universal Display Corp. \Pa\ OLED$3.4 billion17.6511.6%34.1%-8.3%n/a2.5%
IPG Photonics Corp. IPGP$3.3 billion119.601.3%0.7%13.0%0.00n/a
1 company shares its SEC industry code (Electronic Components & Accessories); the rest are the names nearest in size in its wider industry, Electronic Equipment, one of the Fama-French 48 industries, a published grouping of SEC industry codes.
Read moreBy market capitalisation; a click on a heading sorts by it, largest first, and a second click turns it round. Each figure is the same arithmetic as the ratio box above, on each company's own filings and latest close; a name marked * is a foreign company that files once a year, on its latest fiscal year.

Filings

FilingPeriodFiledWhere
10-Q30 June 202630 July 2026EDGAR
10-Q31 March 202630 April 2026EDGAR
10-K31 December 202519 February 2026EDGAR
10-Q30 September 20256 November 2025EDGAR
10-Q30 June 202531 July 2025EDGAR
10-Q31 March 20251 May 2025EDGAR
10-K31 December 202420 February 2025EDGAR
10-Q30 September 202430 October 2024EDGAR
10-Q30 June 20241 August 2024EDGAR
10-Q31 March 20242 May 2024EDGAR

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