---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-197240"
form_type: "8-K"
ticker: "OLED"
cik: "0001005284"
company_name: "UNIVERSAL DISPLAY CORP PA"
filed_at: "2026-04-30T23:59:59+00:00"
generated_at: "2026-05-15T00:29:47.110927+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-26-197240
- form_type: 8-K
- ticker: OLED
- cik: 0001005284
- company_name: UNIVERSAL DISPLAY CORP PA
- filed_at: 2026-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1005284/000119312526197240/0001193125-26-197240-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1005284/000119312526197240/oled-20260430.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-197240
- JSON: https://secwatch.observer/filing/0001193125-26-197240.json
- Plain text: https://secwatch.observer/filing/0001193125-26-197240.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005284/000119312526197240/0001193125-26-197240-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1005284/000119312526197240/0001193125-26-197240-index.htm

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