---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-052098"
form_type: "8-K"
ticker: "OLED"
cik: "0001005284"
company_name: "UNIVERSAL DISPLAY CORP PA"
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-02T23:42:11.977022+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Universal Display Q1 2024 revenue $165.3M, EPS $1.19, raises 2024 revenue guidance

## Summary
- Revenue $165.3M (up 27% YoY); net income $56.9M ($1.19 diluted EPS) vs $39.8M ($0.83) in Q1 2023.
- Material sales $93.3M (up 33% YoY) driven by stronger demand for emitter materials; royalty/license fees $68.3M.
- 2024 revenue guidance revised to $635-$675M (raised lower end from prior guidance).
- Q2 cash dividend of $0.40 per share declared, payable June 28, 2024 to holders of record June 14.
- Gross margin improved to 78% (from 75% in Q1 2023); operating income $62.9M vs $45.4M.

## SEC filing metadata
- accession: 0000950170-24-052098
- form_type: 8-K
- ticker: OLED
- cik: 0001005284
- company_name: UNIVERSAL DISPLAY CORP PA
- filed_at: 2024-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005284/000095017024052098/0000950170-24-052098-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005284/000095017024052098/oled-20240502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-052098
- JSON: https://secwatch.observer/filing/0000950170-24-052098.json
- Plain text: https://secwatch.observer/filing/0000950170-24-052098.txt

## Key facts
- Earnings Releases
  UNIVERSAL DISPLAY CORP PA updated its first quarter ended March 31, 2024 guidance (raised).
  - Period: first quarter ended March 31, 2024
  - Guidance: raised
  - Result: reported results
  source text: On May 2, 2024, Universal Display Corporation (the “Company”) issued a press release regarding its financial results for the quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005284/000095017024052098/0000950170-24-052098-index.htm

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