UNIVERSAL DISPLAY CORP \PA\ (OLED) Form 10-Q — Oct 28, 2026
Universal Display Corp reported Q3 2026 revenue of $160.4 million, up 15% year-over-year, with net income of $78.9 million ($1.73 basic EPS) versus $44.0 million ($0.93) in the prior-year quarter. Royalty and license fees surged 42% to $75.5 million, though material sales slipped 4% on customer mix and a negative cumulative catch-up adjustment. Nine-month results were softer: revenue of $454.8 million was down from $477.7 million, and net income of $164.3 million trailed the prior year's $175.7 million, with gross margin compressing to 74% from 76%. A $28.9 million revaluation gain on a minority equity investment and a $7.2 million FX gain flattered Q3 profit.
Key figures
- Eps
- 3.53
- Revenue
- 454800000
- Net Income
- 164263000
- Revenue Yoy
- -4.8% (nine months); Q3 revenue $160.4M, +15% YoY
- Cash Position
- 93447000
- Shares Outstanding
- 45023810
- Backlog
- $23.5M committed purchase orders
- Q3 revenue
- $160.4M (+15% YoY vs $139.6M)
- Buybacks 9m
- $192.9M for 2,127,217 shares
- Q4 dividend
- $0.50/share, payable December 31, 2026
- Q3 basic eps
- $1.73 vs $0.93
- Q3 net income
- $78.9M vs $44.0M prior year
- Nova Jet launch
- October 2026 commercial launch of first UVJP system
- Q3 gross margin
- 73% vs 75%
- Working capital
- $781.2M
- Q3 material sales
- $79.7M, -4% YoY
- Operating cash flow 9m
- $234.1M
- Q3 royalty license fees
- $75.5M, +42% YoY
- Total liquid investments
- $828.0M
- New buyback authorization
- $400.0M (April 28, 2026)
- Largest customer concentration
- 46% of nine-month revenue
AI analysis
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