Universal Display Q1 revenue $142.2M (-14% YoY); guides 2026 revenue down to $630-670M

UNIVERSAL DISPLAY CORP PA

2026-Q1 EPS reported $0.76 revenue$142,211,000

Q1 revenue $142.2M (down 14% YoY from $166.3M); net income $35.9M ($0.76 diluted EPS) vs $64.4M ($1.35).
Royalty/license fee revenue fell to $54.2M from $73.6M; material sales $83.7M vs $86.2M. Gross margin 75% vs 77%.
Revised FY2026 revenue guidance: $630M-$670M, down from prior $650M-$700M.
Board authorized new $400M share repurchase program; Q2 dividend of $0.50/share payable June 30, 2026.
Repurchased 632,673 shares for $66.4M in Q1; completed prior $100M buyback program.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVERSAL DISPLAY CORP PA reported Three months ended March 31, 2026 results: revenue 142.2 million, net income 35.9 million, EPS 0.76.

Period: Three months ended March 31, 2026
Revenue: 142.2 million
Net income: 35.9 million
EPS: 0.76
Result: reported results

Exact text from the filing

Financial Highlights for the First Quarter of 2026 • Total revenue in the first quarter of 2026 was $142.2 million as compared to $166.3 million in the first quarter of 2025. • Revenue from material sales was $83.7 million in the first quarter of 2026 as compared to $86.2 million in the first quarter of 2025. The decrease was primarily due to changes in customer mix and lower unit material volume. • Revenue from royalty and license fees was $54.2 million in the first quarter of 2026 as compared to $73.6 million in the first quarter of 2025. The decrease was primarily the result of changes in customer mix and lower unit material volume. While customer mix can vary quarter to quarter, we expect the customer mix in subsequent periods of 2026 to have a more favorable impact on royalty and license fees as compared to the first quarter of the year. • Cost of material sales was $33.0 million in the first quarter of 2026 as compared to $33.9 million in the first quarter of 2025. • Total gross

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

UNIVERSAL DISPLAY CORP PA reported Year ending December 31, 2026 results: revenue 630 million to 670 million. Guidance lowered.

Period: Year ending December 31, 2026
Revenue: 630 million to 670 million
Guidance: lowered
Result: guidance update

Exact text from the filing

The Company now believes that its 2026 revenue will be in the range of $630 million to $670 million, down from prior guidance of $650 million to $700 million.

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Source: SEC EDGAR

accession 0001193125-26-197240

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