OLED revenue falls 11.4% as material sales decline; company deploys $115M to buybacks

Filed July 30, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

• high

  Total revenue declined 11.4% YoY to $152.2M (from $171.8M), driven by 14% lower material sales ($149.9M vs $174.8M) and 9% lower royalty/license fees. Unit material volume fell 7%, with red emitter volume down 15%.

  MD&A: Revenue verify on EDGAR →
• high

  Operating income fell 22% YoY to $53.6M (from $68.5M), reflecting the revenue decline and $2.2M higher amortization from the January 2026 Merck KGaA patent portfolio acquisition.

  MD&A: Operating Income verify on EDGAR →
• high

  Company repurchased 1.16M shares for $115.2M during the six-month period (no buyback in prior year), reducing cash and investments to $854.5M from $955.4M at year-end 2025.

  Notes: Share Repurchase Program verify on EDGAR →