Universal Display Reports Q2 Earnings and Updates Full-Year Guidance
Universal Display Corporation (OLED) reported second-quarter revenue of $152 million, down from $172 million in the same period last year. The decline was attributed to lower volumes, changes in customer mix, and cumulative catch-up adjustments. Management revised its full-year revenue guidance downward to the low end of the previously projected range ($630–$670 million), citing uncertainty in consumer electronics demand. Key segments showed mixed performance: green emitter sales reached $51 million (down from $64 million) and red emitters dropped to $15 million compared to $24 million. Royalty revenue increased slightly, while adhesives revenue fell below the prior year's level. The company maintained a strong gross margin of 76%, though material margins were impacted by an anomaly in Q2. Universal Display ended the quarter with $855 million in cash and returned over $238 million to shareholders through dividends and buybacks in the past year.
Tickers: $OLED
Topics: gross_margin guidance revenue sales