Universal Display
Licenses OLED technology and supplies PHOLED materials to display-panel makers.
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Profile
Licenses protected OLED technologies and sells UniversalPHOLED emissive and complementary host materials to display-panel makers. Material sales and royalties drive the model, while Adesis provides contract research services.
Supplies UniversalPHOLED phosphorescent-emissive and complementary host materials, and licenses OLED technologies covering molecular structures, devices, architectures and manufacturing processes. It operates one reportable segment, OLED technologies and materials, rather than making finished panels or consumer devices.
Material sales, royalty and license fees, and Adesis contract research services are its commercial lines. UDC Ireland conducts the materials business outside the United States, serving a customer set centered on OLED panel makers.
Research, patenting, materials manufacturing, and technology commercialization link the model. Almost all material-sales revenue is set through technology-license and material-supply agreements; continued demand depends on OLED panel makers using its protected technologies and materials.
Company facts
Key statistics
Year to date −31.9% · Average volume (30d) 748.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 31, 2026 | Susquehanna | Reiterate | Neutral | $90 | |
| Jul 31, 2026 | BTIG | Downgrade | Neutral | ||
| Jul 31, 2026 | Oppenheimer | Reiterate | Outperform | $200 | $120 |
| Jul 31, 2026 | Needham | Reiterate | Buy | $120 | $100 |
| May 1, 2026 | Roth Capital | Target | $180 | $168 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 30, 2026Q2 FY26 | $1.03 | $1.06 | +2.9% | $157.5M | $152.2M | −3.4% | −0.25% |
| Apr 30, 2026Q1 FY26 | $1.13 | $0.76 | −32.7% | $161.2M | $142.2M | −11.8% | +10.68% |
| Feb 19, 2026Q4 FY25 | $1.28 | $1.39 | +8.6% | $173.2M | $172.9M | −0.2% | −11.14% |
| Nov 6, 2025Q3 FY25 | $1.18 | $0.92 | −22.0% | $165.6M | $139.6M | −15.7% | −7.69% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $166.3M | $171.8M | $139.6M | $172.9M | $142.2M | $152.2M | |
| Gross profit | $128.1M | $132.6M | $104.1M | $131.6M | $106.1M | $115.4M | |
| Operating income | $69.7M | $68.5M | $43.1M | $67.2M | $42.8M | $53.6M | |
| Net income | $64.4M | $67.3M | $44.0M | $66.3M | $35.9M | $49.4M | |
| Diluted EPS | $1.35 | $1.41 | $0.92 | $1.39 | $0.76 | $1.06 | |
| Gross margin | 77.1% | 77.2% | 74.6% | 76.1% | 74.6% | 75.8% | |
| Operating margin | 41.9% | 39.9% | 30.9% | 38.9% | 30.1% | 35.3% |
Fiscal years (4-quarter sums)FY21 $553.5M · FY22 $616.6M · FY23 $576.4M · FY24 $647.7M · FY25 $650.6M
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $471.3M · Total debt $16.9M · Total assets $1.89B · Shareholders' equity $1.68B
Dividends
Raised for 8 straight years — most recently to $0.50 from $0.45 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 16, 2026 | Jun 16 | Jun 30 | $0.50 | |
| Mar 17, 2026 | Mar 17 | Mar 31 | $0.50 | raised from $0.45 |
| Dec 17, 2025 | Dec 17 | Dec 31 | $0.45 | |
| Sep 16, 2025 | Sep 16 | Sep 30 | $0.45 | |
| Jun 16, 2025 | Jun 16 | Jun 30 | $0.45 | |
| Mar 17, 2025 | Mar 17 | Mar 31 | $0.45 | raised from $0.40 |
| Dec 17, 2024 | Dec 17 | Dec 31 | $0.40 | |
| Sep 16, 2024 | Sep 16 | Sep 30 | $0.40 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 45.97M · Float 42.23M · 91.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 4.32M | 9.39% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.97M | 6.46% | 13F | Aug 13, 2026 |
| State Street Corp | 2.20M | 4.78% | 13F | Aug 7, 2026 |
| Primecap Management Co/CA/ | 2.20M | 4.78% | 13F | Aug 14, 2026 |
| Kayne Anderson Rudnick Investment Management LLC | 2.17M | 4.71% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Lawrence Lacerte | director | −4,967 | $84.98 |
| May 11, 2026 | Richard C. Elias | director | +1,000 | $92.84 |
| May 7, 2026 | Steven V. Abramson | director, officer: President and CEO | +11,000 | $93.43 |
| May 7, 2026 | Mauro Premutico | officer: SVP & CLO | +3,694 | $93.40 |
Peers
- Merck
Competing OLED and host materials for display production
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Universal Display | $82.98 | +0.01% | $3.81B | 20.1 | 18.4 | 6.3 | −11.4% |
| Merck | $148.19 | −0.08% | $366.18B | 118.7 | 17.2 | 5.5 | +5.1% |
| Median | 118.7 | 17.2 | 5.5 | +5.1% |