Universal Display reaffirms FY2022 revenue guidance of $600M; blue PHOLED on schedule for 2024

UNIVERSAL DISPLAY CORP PA

Reaffirmed FY2022 revenue guidance range of $600M, plus or minus $10M.
Phosphorescent blue emissive system development on schedule; preliminary target specs met in 2022.
Targeting introduction of all-phosphorescent RGB stack into commercial market in 2024.
Long-term agreements with Samsung Display noted; near-term demand may fluctuate due to macro uncertainty.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UNIVERSAL DISPLAY CORP PA reported the year ended December 31, 2022 results: revenue $600 million, plus or minus $10 million. Guidance reaffirmed.

Period: the year ended December 31, 2022
Revenue: $600 million, plus or minus $10 million
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

reaffirm its 2022 revenue guidance range of $600 million, plus or minus $10 million.

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Source: SEC EDGAR

accession 0000950170-23-000568

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