---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-018758"
form_type: "8-K"
ticker: "OLED"
cik: "0001005284"
company_name: "UNIVERSAL DISPLAY CORP PA"
filed_at: "2024-02-22T23:59:59+00:00"
generated_at: "2026-06-05T18:03:21.951817+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Universal Display Q4 rev down 6%; FY net income falls to $203M; guides FY24 rev $625M-$675M

## Summary
- Q4 2023 revenue $158.3M (down 6% YoY); diluted EPS $1.29 vs $1.36 in Q4 2022.
- Full-year 2023 revenue $576.4M (down 7%); net income $203.0M ($4.24 diluted EPS) vs $210.1M ($4.40).
- Gross margin declined to 77% (FY) from 79% due to Shannon facility costs and inventory reserves.
- FY 2024 revenue guidance $625M-$675M, implying 8-17% growth from 2023.
- Q1 dividend $0.40/share unchanged; payable March 29, record March 15.

## SEC filing metadata
- accession: 0000950170-24-018758
- form_type: 8-K
- ticker: OLED
- cik: 0001005284
- company_name: UNIVERSAL DISPLAY CORP PA
- filed_at: 2024-02-22T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005284/000095017024018758/0000950170-24-018758-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005284/000095017024018758/oled-20240222.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-018758
- JSON: https://secwatch.observer/filing/0000950170-24-018758.json
- Plain text: https://secwatch.observer/filing/0000950170-24-018758.txt

## Key facts
- Earnings Releases
  UNIVERSAL DISPLAY CORP PA updated its the fourth quarter and full year ended December 31, 2023 guidance (reaffirmed).
  - Period: the fourth quarter and full year ended December 31, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: Universal Display Corporation (the "Company") issued a press release regarding its financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005284/000095017024018758/0000950170-24-018758-index.htm

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