Universal Display Corp

Latest Results (16.11.2025):

Universal Display Corporation reported its third quarter 2025 financial results, demonstrating a mixed performance compared to the same period last year. While total revenue declined to $139.6 million from $161.6 million, the company remains confident in its long‑term growth driven by its strong technology leadership, robust customer partnerships, and an expanding OLED market. Key adjustments, such as timing shifts and a one‐time out-of-period adjustment, impacted royalties and licensing fees, while operating and net income also saw declines.

Revenue Trends

Total revenue for the third quarter of 2025 was $139.6 million, with material sales contributing $82.6 million and royalty and license fees $53.3 million, compared to $161.6 million last year. The decrease in licensing revenue was primarily due to a change in customer mix and a one‑time adjustment.

Profitability & Margins

Operating income fell to $43.1 million from $67.0 million, and net income dropped to $44.0 million (or $0.92 per diluted share) compared to $66.9 million (or $1.40 per diluted share) in Q3 2024. Gross margin decreased from 78% to 75%, reflecting the impact of the adjustments and shifts in customer dynamics.

Guidance & Dividend

In addition to the quarterly performance, Universal Display Corporation revised its 2025 revenue guidance towards the lower end of the prior range of $650 million to $700 million and announced a fourth quarter cash dividend of $0.45 per share, underscoring its commitment to shareholder returns.

Future Outlook

CFO Brian Millard emphasized the company’s focus on accelerating innovation, broadening its OLED solutions and services, and capitalizing on opportunities from unfolding IT and automotive capital expenditure cycles, laying a strong foundation for future growth.