---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-22-021872"
form_type: "8-K"
ticker: "OLED"
cik: "0001005284"
company_name: "UNIVERSAL DISPLAY CORP PA"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T07:35:24.990092+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Universal Display Q3 revenue $160.6M, EPS $1.12; affirms FY22 ~$600M

## Summary
- Q3 total revenue $160.6M (+12% YoY); net income $53.5M ($1.12 diluted EPS) vs $46.1M ($0.97).
- Material sales $84.2M; royalty & license fees $71.5M. Gross margin 77% vs 78%.
- Record quarterly revenue includes $6.6M positive cumulative catch-up adjustment from estimate changes.
- Affirms 2022 revenue guidance of ~$600M ± $10M.
- Declares Q4 dividend $0.30/share, payable Dec 30 to holders of record Dec 16.

## SEC filing metadata
- accession: 0000950170-22-021872
- form_type: 8-K
- ticker: OLED
- cik: 0001005284
- company_name: UNIVERSAL DISPLAY CORP PA
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005284/000095017022021872/0000950170-22-021872-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005284/000095017022021872/oled-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-22-021872
- JSON: https://secwatch.observer/filing/0000950170-22-021872.json
- Plain text: https://secwatch.observer/filing/0000950170-22-021872.txt

## Key facts
- Earnings Releases
  UNIVERSAL DISPLAY CORP PA reported the third quarter ended September 30, 2022 results: revenue $160.6 million, net income $53.5 million, EPS $1.12 per diluted share. Guidance reaffirmed.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $160.6 million
  - Net income: $53.5 million
  - EPS: $1.12 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: on the Company’s mission of being a critical enabler in the OLED ecosystem.” Financial Highlights for the Third Quarter of 2022 • Total revenue in the third quarter of 2022 was $160.6 million as compared to $143.6 million in the third quarter of 2021. As with the prior quarter, the near-term weakness in the overall global market economy is expected to have an impact
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005284/000095017022021872/0000950170-22-021872-index.htm
- Earnings Releases
  UNIVERSAL DISPLAY CORP PA reported the first nine months of 2022 results: revenue $447.6 million, net income $144.9 million, EPS $3.04 per diluted share. Guidance reaffirmed.
  - Period: the first nine months of 2022
  - Revenue: $447.6 million
  - Net income: $144.9 million
  - EPS: $3.04 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Total revenue in the first nine months of 2022 was $447.6 million as compared to $407.3 million in the first nine months of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005284/000095017022021872/0000950170-22-021872-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.