Universal Display Corporation Projects Full-Year Revenue Toward Lower End of Guidance Amid New Product Launches
Universal Display Corporation (OLED) has provided updated guidance for the full year, expecting revenue to land toward the lower end of its previously stated $630 million to $670 million range. Despite this conservative outlook, management remains optimistic about the long-term trajectory of the OLED industry. The company is focusing on several growth drivers, including the launch of OLEDX and NovaJet products. CEO Steven V. Abramson highlighted significant momentum in the foldable device market, new capacity expansions within the sector, and ongoing efforts to increase the market share of OLED technology in the television segment.
Tickers: $OLED
Topics: capacity expansion foldable technology OLED industry growth OLED TV market share