Universal Display Q3 profit rises to $1.40 a share; 2024 revenue forecast lowered
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:01 AM ET, from the text of the filing and its press-release exhibits 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 October 30, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.