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Get filing alertsUniversal Display Q2 revenue falls 11% to $152.2M, guides to lower end of 2026 range
Filed July 30, 2026 · Period ending July 30, 2026 · ~1 min read
Key Changes
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high
Q2 2026 revenue $152.2M (down 11% YoY) and EPS $1.06 (down 25% YoY), driven by lower material sales volume and customer mix shifts; material sales fell to $66.2M from $88.7M.
Exhibit 99.1 view on EDGAR → -
high
Company lowered 2026 revenue outlook to around the lower end of prior $630M-$670M guidance range, citing near-term challenges in portions of the consumer electronics market.
Exhibit 99.1 view on EDGAR → -
high
Royalty and license fees rose to $81.2M from $75.7M, primarily due to a $16.3M favorable cumulative catch-up adjustment reflecting higher average royalty prices per gram from lower anticipated demand over remaining contract lives.
Exhibit 99.1 view on EDGAR → -
medium
Repurchased $114.2M of stock in first half 2026 (1,163,884 shares), completing a $100M program and purchasing under an additional $400M authorization; declared Q3 2026 dividend of $0.50 per share.
Exhibit 99.1 view on EDGAR →
Summary
Revenue fell 11% year-over-year to $152.2 million, with material sales down 25% to $66.2 million due to lower unit volume and customer mix changes. Net income dropped 27% to $49.4 million ($1.06 per share).
The company now expects 2026 revenue around the lower end of its prior $630 million to $670 million guidance range, citing challenges in portions of the consumer electronics market.
The royalty and license fee segment provided a partial offset, rising to $81.2 million from $75.7 million, driven by a $16.3 million favorable cumulative catch-up adjustment reflecting higher average royalty prices per gram as the company lowered anticipated demand over remaining contract lives. Management noted continued investment in OLED capacity and expanding adoption in IT, automotive, and emerging form factors, but the guidance cut and material sales decline underscore near-term demand softness. The company returned $114.2 million to shareholders via buybacks in the first half and declared a $0.50 per share Q3 dividend, maintaining capital return despite the revenue headwinds.
Section-by-Section Diff
Event · Exhibit 99.1
Universal Display reported Q2 2026 revenue of $152.2M (down 11% YoY), lowered 2026 guidance to the lower end of $630M-$670M, and repurchased $114.2M of stock.
Added in current filing · view on EDGAR →
Total revenue in the second quarter of 2026 was $152.2 million as compared to $171.8 million in the second quarter of 2025. ... Net income was $49.4 million or $1.06 per diluted share in the second quarter of 2026 as compared to $67.3 million or $1.41 per diluted share in the second quarter of 2025.
Universal Display reported Q2 2026 total revenue of $152.2 million, down from $171.8 million in Q2 2025. Net income was $49.4 million ($1.06 per diluted share), compared to $67.3 million ($1.41 per diluted share) in the prior-year quarter. The revenue decline was driven by lower material sales volume and customer mix changes, partially offset by higher royalty and license fees.
Added in current filing · view on EDGAR →
Revenue from material sales was $66.2 million in the second quarter of 2026 as compared to $88.7 million in the second quarter of 2025. The decrease was primarily due to lower unit material volume, changes in customer mix, and a $6.9 million unfavorable period-over-period change in the cumulative catch-up adjustment for material sales. ... Revenue from royalty and license fees was $81.2 million in the second quarter of 2026 as compared to $75.7 million in the second quarter of 2025. The increase was primarily driven by a $16.3 million favorable period-over-period change in the cumulative catch-up adjustment for royalty and license fees, partially offset by lower unit material volume and changes in customer mix.
Material sales fell to $66.2 million from $88.7 million, driven by lower unit volume, customer mix shifts, and a $6.9 million unfavorable cumulative catch-up adjustment. Royalty and license fees rose to $81.2 million from $75.7 million, primarily due to a $16.3 million favorable cumulative catch-up adjustment reflecting higher average royalty prices per gram from lower anticipated demand over remaining contract lives, partially offset by lower unit volume and customer mix changes.
Added in current filing · view on EDGAR →
Total revenue in the first half of 2026 was $294.4 million as compared to $338.1 million in the first half of 2025. ... Net income was $85.3 million or $1.82 per diluted share in the first half of 2026 as compared to $131.7 million or $2.76 per diluted share in the first half of 2025.
For the six months ended June 30, 2026, Universal Display reported total revenue of $294.4 million, down from $338.1 million in the first half of 2025. Net income was $85.3 million ($1.82 per diluted share), compared to $131.7 million ($2.76 per diluted share) in the prior-year period, reflecting lower material sales and royalty revenue driven by reduced unit volume and customer mix changes.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 31, 2026 · How we verify