Every material Form 8-K Universal Display has filed with the SEC since August 03, 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Universal Display reported third-quarter 2026 revenue of $160.4 million, up from $139.6 million a year earlier, and diluted EPS of $1.72 that included a $28.9 million investment gain. Nine-month revenue fell to $454.8 million from $477.7 million, and the company said 2026 revenue will likely be around the lower end of its previous $630 million to $670 million range, which matters to shareholders for the full-year outlook.
Q3 2026 total revenue was $160.4 million versus $139.6 million in Q3 2025; net income was $78.9 million ($1.72 diluted EPS) versus $44.0 million ($0.92).
Excluding the $28.9 million UDC Ventures investment gain, non-GAAP adjusted diluted EPS was $1.23 for Q3 2026 versus $0.92 a year earlier.
Nine-month 2026 revenue was $454.8 million versus $477.7 million, and diluted EPS was $3.52 versus $3.68.
2026 revenue is expected around the lower end of the prior $630 million to $670 million guidance range; the quarterly dividend was declared at $0.50 per share, up from $0.45.
Universal Display reported second quarter 2026 revenue of $152.2 million, down from $171.8 million a year earlier, and net income of $49.4 million, or $1.06 per diluted share, versus $67.3 million, or $1.41, in the prior-year quarter. The company now expects 2026 revenue to be around the lower end of its previous $630 million to $670 million range, which points to weaker results for shareholders this year.
Q2 2026 total revenue was $152.2 million versus $171.8 million in Q2 2025; operating income was $53.6 million versus $68.5 million.
Royalty and license fees rose to $81.2 million from $75.7 million, helped by a $16.3 million favorable catch-up adjustment, while material sales fell to $66.2 million from $88.7 million.
2026 revenue guidance is now around the lower end of the previous $630 million to $670 million range.
The Board declared a third quarter cash dividend of $0.50 per share, payable September 30, 2026; the company repurchased $48.2 million of stock in Q2 under its programs.
Universal Display reported first quarter 2026 total revenue of $142.2 million, down from $166.3 million a year earlier, and net income of $35.9 million, or $0.76 per diluted share, down from $64.4 million, or $1.35 per diluted share. The company lowered its 2026 revenue guidance to $630 million to $670 million from $650 million to $700 million, and its board authorized an additional $400 million share repurchase program.
Q1 2026 total revenue was $142.2 million versus $166.3 million in Q1 2025; royalty and license fees fell to $54.2 million from $73.6 million.
Operating income was $42.8 million versus $69.7 million a year earlier.
2026 revenue guidance was revised to $630 million to $670 million, down from $650 million to $700 million.
Board authorized up to $400 million in new buybacks on April 28, 2026, and declared a $0.50 per share dividend payable June 30, 2026.
Universal Display reported fourth quarter 2025 revenue of $172.9 million, up from $162.3 million a year earlier, and net income of $66.3 million, or $1.39 per diluted share, versus $0.96 in the prior-year quarter. For full year 2025, revenue was $650.6 million and diluted EPS was $5.08, while the company guided 2026 revenue to $650 million to $700 million, with its results still subject to many variables.
Q4 2025 total revenue $172.9 million vs. $162.3 million in Q4 2024; net income $66.3 million vs. $46.0 million
Full year 2025 revenue $650.6 million vs. $647.7 million in 2024; diluted EPS $5.08 vs. $4.65
2026 revenue guidance: $650 million to $700 million
First quarter 2026 cash dividend of $0.50 per share, payable March 31, 2026 to holders of record on March 17, 2026
Universal Display reported third-quarter 2025 revenue of $139.6 million, down from $161.6 million a year earlier, and net income of $44.0 million, or $0.92 per diluted share, versus $1.40 a year earlier. The company now expects 2025 revenue around the lower end of its previous $650 million to $700 million guidance range, which is a cut that matters to shareholders. It also agreed to buy OLED patent assets from Merck KGaA for $50 million in cash.
Q3 2025 total revenue $139.6 million vs. $161.6 million in Q3 2024; net income $44.0 million, $0.92 diluted EPS vs. $1.40
Royalty and license fees fell to $53.3 million from $74.6 million, including a $9.5 million out-of-period adjustment
2025 revenue now expected around the lower end of the previous $650 million to $700 million range
Subsidiary UDC Ireland agreed on October 31, 2025 to acquire Merck KGaA OLED patents for $50 million cash; closing expected in the first quarter of 2026
Universal Display reported second quarter 2025 revenue of $171.8 million, up from $158.5 million a year earlier, and net income of $67.3 million, or $1.41 per diluted share, versus $1.10 in the prior-year quarter. The company raised the low end of its 2025 revenue guidance, which it now projects at $650 million to $700 million, and declared a third quarter dividend of $0.45 per share.
Q2 2025 total revenue $171.8 million vs. $158.5 million in Q2 2024; royalty and license fees rose to $75.7 million from $59.6 million
Material sales fell to $88.7 million from $95.4 million, which the company attributed to customer mix and lower unit material volume
Net income $67.3 million, or $1.41 per diluted share, vs. $52.3 million, or $1.10, a year earlier
2025 revenue guidance raised at the low end to $650 million to $700 million; $0.45 quarterly dividend payable September 30, 2025 to holders of record on September 16, 2025
Universal Display reported first-quarter 2025 revenue of $166.3 million, up from $165.3 million a year earlier, and net income of $64.4 million, or $1.35 per diluted share, versus $56.9 million, or $1.19, in the prior-year quarter. The company affirmed its 2025 revenue guidance of $640 million to $700 million and announced a $100 million share repurchase authorization, which has no time limit, alongside a second-quarter dividend of $0.45 per share.
Q1 2025 total revenue was $166.3 million versus $165.3 million in Q1 2024; material sales fell to $86.2 million from $93.3 million, while royalty and license fees rose to $73.6 million from $68.3 million.
Q1 2025 net income was $64.4 million, or $1.35 per diluted share, compared with $56.9 million, or $1.19 per diluted share, a year earlier.
The Board authorized repurchases of up to $100 million of common stock, effective immediately, with no time limit; the program may be modified, suspended or discontinued at any time.
2025 revenue guidance of $640 million to $700 million was affirmed; the second-quarter dividend of $0.45 per share is payable June 30, 2025, to holders of record on June 16, 2025.
Universal Display reported fourth-quarter and full-year 2024 results. Full-year revenue rose to $647.7 million from $576.4 million and diluted EPS rose to $4.65 from $4.24, while fourth-quarter net income fell to $46.0 million ($0.96 per diluted share) from $62.0 million ($1.29). The company guided 2025 revenue to $640 million to $700 million and declared a first-quarter 2025 dividend of $0.45 per share.
Q4 2024 total revenue was $162.3 million versus $158.3 million in Q4 2023; diluted EPS was $0.96 versus $1.29.
Q4 2024 included $8.9 million of restructuring costs tied to the planned closure of the OVJP California location and $6.7 million of foreign exchange losses, a combined $0.26 reduction in diluted EPS.
Full-year 2024 net income was $222.1 million, or $4.65 per diluted share, versus $203.0 million, or $4.24, in 2023.
2025 revenue guidance is $640 million to $700 million; the first-quarter 2025 dividend is $0.45 per share, payable March 31, 2025 to holders of record on March 17, 2025.
Universal Display Corporation expanded its board to eleven directors and elected April E. Walker, effective January 1, 2025, as an independent director under Nasdaq standards. Ms. Walker will not serve on any board committee at this time, and her director compensation will match that of the company's other non-employee directors.
Board increased to eleven members; Ms. Walker elected effective January 1, 2025
Ms. Walker has more than 30 years of leadership experience, including at Microsoft, MetLife, NBCUniversal and Salesforce
No committee assignment at this time; no related-party transactions disclosed under Item 404(a)
Announced in press release dated December 17, 2024 (Exhibit 99.1)
Universal Display reported third-quarter 2024 revenue of $161.6 million, up from $141.1 million a year earlier, and net income of $66.9 million, or $1.40 per diluted share, versus $51.5 million, or $1.08, in the prior-year quarter. The company also lowered its 2024 revenue forecast to $625 million to $645 million, citing recent updates to customer order expectations for the fourth quarter, which matters to shareholders because it signals slower growth than previously projected.
Q3 2024 total revenue $161.6 million vs. $141.1 million in Q3 2023
Q3 2024 net income $66.9 million, or $1.40 per diluted share, vs. $51.5 million, or $1.08
2024 revenue forecast now $625 million to $645 million
Fourth quarter cash dividend of $0.40 per share, payable December 31, 2024, to holders of record on December 17, 2024
Universal Display reported second quarter 2024 revenue of $158.5 million, up from $146.6 million a year earlier, and net income of $52.3 million, or $1.10 per diluted share, versus $1.04 a year earlier. The company raised the lower end of its 2024 revenue guidance to a range of $645 million to $675 million, while operating income and gross margin both declined year over year.
Q2 2024 total revenue was $158.5 million, compared with $146.6 million in Q2 2023.
Q2 2024 net income was $52.3 million, or $1.10 per diluted share, compared with $49.7 million, or $1.04 per diluted share.
Operating income fell to $56.4 million from $58.6 million, and total gross margin was 76% versus 78%.
2024 revenue guidance is now $645 million to $675 million; the company also declared a third quarter dividend of $0.40 per share, payable September 30, 2024.
Universal Display reported first quarter 2024 total revenue of $165.3 million, up from $130.5 million a year earlier, and net income of $56.9 million, or $1.19 per diluted share, compared with $0.83 a year earlier. The company raised the lower end of its 2024 revenue guidance to a range of $635 million to $675 million and declared a $0.40 per share quarterly dividend.
Q1 2024 total revenue was $165.3 million versus $130.5 million in Q1 2023; royalty and license fees were $68.3 million and material sales were $93.3 million
Net income was $56.9 million, or $1.19 per diluted share, versus $39.8 million, or $0.83 per diluted share, a year earlier
2024 revenue guidance is $635 million to $675 million after the lower end was increased; the company cautions that many variables can affect results
Second quarter cash dividend of $0.40 per share is payable June 28, 2024 to holders of record as of June 14, 2024
Universal Display Corporation increased its board to ten members and elected Dr. Nigel Brown and Dr. Joan Lau as directors, effective March 4, 2024. The Board determined both qualify as independent under Nasdaq listing standards, and neither has yet been named to a board committee.
Dr. Nigel Brown and Dr. Joan Lau joined the Board effective March 4, 2024
Board expanded from nine to ten members
Both directors determined to be independent under Nasdaq listing standards
Director compensation consistent with other non-employee directors; no committee assignments yet
Universal Display reported fourth-quarter 2023 revenue of $158.3 million, down from $169.0 million a year earlier, and full-year 2023 revenue of $576.4 million, down from $616.6 million. Net income also declined for both periods, and the company gave a 2024 revenue range of $625 million to $675 million.
Q4 2023 net income was $62.0 million, or $1.29 per diluted share, versus $65.1 million, or $1.36, in Q4 2022.
Full-year 2023 net income was $203.0 million, or $4.24 per diluted share, versus $210.1 million, or $4.40, in 2022.
The company expects 2024 revenue of $625 million to $675 million and declared a $0.40 per share first-quarter dividend payable March 29, 2024.
Universal Display reported third-quarter 2023 revenue of $141.1 million, down from $160.6 million a year earlier, and net income of $51.5 million, or $1.08 per diluted share, versus $53.5 million, or $1.12, in the prior-year quarter. The company revised its 2023 revenue guidance to a range of $565 million to $590 million and declared a fourth-quarter cash dividend of $0.35 per share.
Q3 2023 total revenue was $141.1 million, compared with $160.6 million in Q3 2022; royalty and license fees fell to $45.9 million from $71.5 million
Q3 2023 operating income was $48.4 million, compared with $68.5 million; net income was $51.5 million, or $1.08 per diluted share
2023 revenue is now expected to be in the range of $565 million to $590 million
Fourth-quarter dividend of $0.35 per share is payable December 29, 2023, to holders of record on December 15, 2023
Universal Display reported second quarter 2023 revenue of $146.6 million, up from $136.6 million a year earlier, and net income of $49.7 million, or $1.04 per diluted share, versus $0.87 a year earlier. The company raised the lower end of its 2023 revenue guidance to a range of $560 million to $600 million, which indicates the full-year outlook is tracking closer to prior expectations.
Q2 2023 total revenue of $146.6 million vs. $136.6 million in Q2 2022; net income of $49.7 million, or $1.04 per diluted share, vs. $0.87
2023 revenue guidance: $560 million to $600 million, with the lower end raised from the previous range
Third quarter cash dividend of $0.35 per share, payable September 29, 2023 to holders of record on September 15, 2023
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