---
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"
generated_at: "2026-06-08T23:02:16.581547+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Universal Display Q3 revenue $141.1M, down 12% YoY; net income $51.5M; revises 2023 guidance to $565-590M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-058187
- JSON: https://secwatch.observer/filing/0000950170-23-058187.json
- Plain text: https://secwatch.observer/filing/0000950170-23-058187.txt

## Key facts
- Earnings Releases
  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.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $141.1 million
  - Net income: $51.5 million or $1.08 per diluted share
  - EPS: $1.08 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/0000950170-23-058187-index.htm
- Earnings Releases
  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.
  - Period: the first nine months of 2023
  - Revenue: $418.1 million
  - Net income: $141.0 million or $2.95 per diluted share
  - EPS: $2.95 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1005284/000095017023058187/0000950170-23-058187-index.htm

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