secwatch.observer — SEC 8-K summary
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Issuer:     UNIVERSAL DISPLAY CORP PA (OLED)
CIK:        0001005284
Form:       8-K
Filed at:   2026-04-30T23:59:59+00:00
Accession:  0001193125-26-197240
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1005284/000119312526197240/0001193125-26-197240-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1005284/000119312526197240/oled-20260430.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-197240

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer