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Get filing alertsUniversal Display cuts 2026 guidance, reports Q1 revenue down 14.5% YoY to $142.2M
Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read
Key Changes
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high
Full-year 2026 revenue guidance lowered to $630M–$670M from prior $650M–$700M, reflecting more measured near-term OLED market conditions despite long-term growth outlook.
Exhibit 99.1 view on EDGAR → -
high
Q1 2026 revenue fell 14.5% YoY to $142.2M (from $166.3M) and net income dropped to $35.9M ($0.76/share) from $64.4M ($1.35/share), driven by customer mix changes and lower material volumes.
Exhibit 99.1 view on EDGAR → -
high
Board authorized new $400M share repurchase program after completing prior $100M program; company repurchased 632,673 shares for $66.4M in Q1 2026.
Exhibit 99.2 view on EDGAR → -
medium
Declared Q2 2026 dividend of $0.50/share (payable June 30 to shareholders of record June 16), matching Q1 level and up from $0.45/share in Q1 2025.
Exhibit 99.2 view on EDGAR → -
medium
Purchased $40M of intangible assets in Q1 2026, increasing acquired technology balance to $101.5M net of amortization, supporting materials innovation as OLED architectures evolve.
Exhibit 99.1 view on EDGAR →
Summary
Universal Display reported weaker-than-expected first quarter results and lowered its full-year outlook, signaling near-term headwinds in the OLED materials market. Revenue declined 14.5% year-over-year to $142.2 million while earnings per share fell 44% to $0.76, driven by changes in customer mix and lower unit volumes.
The company reduced its 2026 revenue guidance by approximately $25 million at the midpoint to $630–$670 million, citing more measured market conditions. Despite the softer outlook, management is aggressively returning capital to shareholders. The Board authorized a substantial new $400 million buyback program after completing a $100 million program in Q1, and maintained the quarterly dividend at $0.50 per share.
The company returned over $187 million to shareholders in the past twelve months while maintaining balance sheet strength. Management also invested $40 million in acquired technology during the quarter, positioning for longer-term OLED architecture evolution even as near-term demand moderates. Retail holders should monitor whether the guidance cut proves conservative or signals a more prolonged industry slowdown.
Section-by-Section Diff
Event · Exhibit 99.2
Universal Display authorized $400M share repurchase program and declared $0.50/share Q2 dividend, returning capital to shareholders.
Added in current filing · view on EDGAR →
The Board also approved a second quarter cash dividend of $0.50 per share on the Company's common stock, payable on June 30, 2026, to shareholders of record on June 16, 2026.
The Board declared a quarterly cash dividend of $0.50 per share for Q2 2026. Shareholders of record on June 16, 2026 will receive payment on June 30, 2026. This reflects the company's ongoing commitment to returning capital to shareholders through dividends.
Added in current filing · view on EDGAR →
Over the last twelve months, we returned more than $187 million to shareholders through dividends and share repurchases, while maintaining a strong balance sheet and financial flexibility.
The company returned over $187 million to shareholders in the past twelve months through dividends and buybacks. Management emphasized their three-priority capital allocation framework: investing in organic growth and innovation, pursuing selective inorganic opportunities, and returning capital to shareholders.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 23, 2026 · How we verify