{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-058187","form_type":"8-K","ticker":"OLED","cik":"0001005284","company_name":"UNIVERSAL DISPLAY CORP PA","filed_at":"2023-11-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.810679+00:00","generated_at":"2026-06-08T23:02:16.581547+00:00","sec_items":["2.02","5.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Universal Display Q3 revenue $141.1M, down 12% YoY; net income $51.5M; revises 2023 guidance to $565-590M","bullets":["Q3 revenue $141.1M vs $160.6M YoY; net income $51.5M ($1.08 diluted EPS) vs $53.5M ($1.12).","Material sales grew to $92.5M from $84.2M; royalty/license fees dropped to $45.9M from $71.5M.","Operating income fell to $48.4M from $68.5M; total gross margin 76% vs 77%.","2023 revenue guidance revised to $565-590M (prior range not disclosed).","Q4 dividend declared at $0.35/share, payable Dec 29, 2023 to holders of record Dec 15."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-058187","json":"https://secwatch.observer/filing/0000950170-23-058187.json","markdown":"https://secwatch.observer/filing/0000950170-23-058187.md","text":"https://secwatch.observer/filing/0000950170-23-058187.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/0000950170-23-058187-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/oled-20231031.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T23:02:16.581547+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"51dfd483181b0a37b769eb92c057f9acac06ae0d","claim":"UNIVERSAL DISPLAY CORP PA reported the third quarter ended September 30, 2023 results: revenue $141.1 million, net income $51.5 million or $1.08 per diluted share, EPS $1.08 per diluted share. Guidance lowered.","evidence_excerpt":"commitment to advancing our robust OLED materials and technology leadership.” Financial Highlights for the Third Quarter of 2023 • Total revenue in the third quarter of 2023 was $141.1 million as compared to $160.6 million in the third quarter of 2022. • Revenue from material sales was $92.5 million in the third quarter of 2023 as compared to $84.2 million in the third","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/0000950170-23-058187-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the third quarter ended September 30, 2023"},{"label":"Revenue","value":"$141.1 million"},{"label":"Net income","value":"$51.5 million or $1.08 per diluted share"},{"label":"EPS","value":"$1.08 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"90829d878cf9ae488a7661b7479a0fa9dd162f9c","claim":"UNIVERSAL DISPLAY CORP PA reported the first nine months of 2023 results: revenue $418.1 million, net income $141.0 million or $2.95 per diluted share, EPS $2.95 per diluted share. Guidance lowered.","evidence_excerpt":"sales 60,853 50,125 Gross margin as a % of material sales 66 % 60 % Financial Highlights for the First Nine Months of 2023 • Total revenue in the first nine months of 2023 was $418.1 million as compared to $447.6 million in the first nine months of 2022. • Revenue from material sales was $239.8 million in the first nine months of 2023 as compared to $242.7 million in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/0000950170-23-058187-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first nine months of 2023"},{"label":"Revenue","value":"$418.1 million"},{"label":"Net income","value":"$141.0 million or $2.95 per diluted share"},{"label":"EPS","value":"$2.95 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}