Earnings Releases·Oct 28, 2026, 4:08 PM ET

Universal Display Corporation — Third Quarter 2026 Earnings Summary

Q3 2026 total revenue reached $160.4 million, a 15% increase from $139.6 million in Q3 2025, driven by a 42% surge in royalty and license fees to $75.5 million, while material sales declined to $79.7 million due to customer mix shifts and a $4.8 million unfavorable adjustment.
Net income for the quarter rose to $78.9 million ($1.72 per share) from $44.0 million ($0.92 per share) in the prior year, significantly boosted by a $28.9 million gain on a UDC Ventures investment and a $7.2 million foreign currency gain, resulting in a 25% year-over-year increase in operating income to $53.7 million.
The company provided 2026 revenue guidance at the lower end of the previous range ($630 million–$670 million), citing continued momentum in the OLED ecosystem, while advancing new product lines including OLEDX, a phosphorescent blue program, and AI-enabled materials discovery.
Capital return activities included a Q4 2026 cash dividend of $0.50 per share and share repurchases totaling $78.8 million in the quarter and $192.9 million year-to-date, completing a $100 million program and utilizing an additional $400 million authorization.