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AI brief of an SEC Form 8-K · Universal Display (OLED)

Universal Display Q3 revenue falls to $141.1 million; 2023 revenue guidance revised

Negative Impact 4 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyUniversal Display (OLED)
Form8-K, current report
Filed with the SECNov 2, 2023, 4:08 PM ET
Accession number0000950170-23-058187

Items reported: 2.02 Results of Operations5.02 Director / Officer Change

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:01 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 02, 2023.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.