Universal Display Q2 revenue rises to $158.5 million; raises low end of 2024 guidance
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.
Key points
- 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.
The filing
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 August 01, 2024.
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