Universal 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

• 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 verify 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 verify 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 verify on EDGAR →