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OLEDUniversal Display Corporation
$79.77$3.8B
Overview & Verdict
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OLED logoUniversal Display Corporation(OLED)Earnings, Financials & Key Ratios

OLED•NASDAQ
$79.77
15.7× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustrySemiconductorsSub-IndustryOptical, Photonics and Display Components
AboutUniversal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications. It owns, exclusively licenses, or has sole rights to sublicense approximately 5,500 issued and pending patents worldwide. The company supplies its proprietary UniversalPHOLED materials to display and lighting manufacturers, and others. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; OVJP, an organic vapor jet printing technology; thin-film encapsulation technology for the packaging of flexible OLEDs and other thin-film devices, as well as for use as a barrier film for plastic substrates; and UniversalP2OLED, which are printable phosphorescent OLEDs. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products. Further, it provides contract research services in the areas of chemical materials synthesis research, development, and commercialization for non-OLED applications. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.Show more
  • Revenue$651M+0.5%
  • EBITDA$297M+5.1%
  • Net Income$242M+9.0%
  • EPS (Diluted)5.08+9.2%
  • Gross Margin73.44%-4.7%
  • EBITDA Margin45.71%+4.6%
  • Operating Margin38.55%+4.5%
  • Net Margin37.21%+8.5%
  • ROE14.33%-1.1%

OLED Price & Volume

Universal Display Corporation (OLED) stock price & volume — 10-year historical chart

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Cyclical Revenue Headwinds Challenge Licensing Margin Resilience

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Mixed
Profitability:Strong
Financial:Fortress
Cash Flow:Mixed
Primary Risk:Cyclical display demand exposure

Key Thesis Takeaways

  • Universal Display Corporation maintains a dominant competitive moat through its proprietary phosphorescent emitter portfolio, yet the firm faces significant top-line volatility as evidenced by a 14.5% year-over-year revenue decline in 2026Q1.
  • While the company's asset-light model and fortress balance sheet provide a robust buffer against industry cycles, investors must weigh the sustainability of high-margin licensing revenue against potential patent expiration risks and shifting consumer electronics demand.
  • Future performance remains contingent on the company's ability to navigate complex revenue recognition milestones while maintaining its commitment to shareholder returns through aggressive capital deployment.

Verdict Logic

while the company's 74.6% gross margin profile demonstrates significant pricing power, the current 20.50 forward P/E ratio appears fully valued given the recent 14.5% year-over-year revenue contraction and inherent cyclical risks.

OLED Growth Metrics

Universal Display Corporation (OLED) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.04%
5 Years8.69%
3 Years1.8%
TTM-3.42%

Profit CAGR

10 Years32.35%
5 Years12.66%
3 Years4.84%
TTM-7%

EPS CAGR

10 Years32.27%
5 Years12.65%
3 Years4.91%
TTM-7.05%

Return on Capital

10 Years15.8%
5 Years16.5%
3 Years14.48%
Last Year14.04%

OLED Recent Earnings

Universal Display Corporation (OLED) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 6/12 qtrs (50%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$0.76-32.7%
$1.13
Rev
$142M-11.8%
$161M
Q1 2026
Feb 19, 2026
Metric
Actual
Est
EPS
$1.39+8.6%
$1.28
Rev
$173M-0.2%
$173M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.92-22.0%
$1.18
Rev
$140M-15.7%
$166M
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$1.41+21.6%
$1.16
Rev
$172M+2.9%
$167M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$0.76vs $1.13-32.7%
$142Mvs $161M-11.8%
Q1 2026Feb 19, 2026
$1.39vs $1.28+8.6%
$173Mvs $173M-0.2%
Q4 2025Nov 6, 2025
$0.92vs $1.18-22.0%
$140Mvs $166M-15.7%
Q3 2025Jul 31, 2025
$1.41vs $1.16+21.6%
$172Mvs $167M+2.9%
Based on last 12 quarters of dataView full earnings history →

Latest OLED News

Recent stock market news and headlines for Universal Display Corporation (OLED)

Business Wire·Jun 29, 2026
Universal Display Corporation's Dr. Julie Brown Receives Prestigious IEEE Frederik Philips Award

EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--UDC today announced that Dr. Julie Brown, Executive Vice President and Chief Technical Officer, has been honored with the IEEE Frederik Philips Award.

GuruFocus·Jun 23, 2026
Kopin Expands U.S. Operations With New Optics & Photonics Design Center in Dallas, Texas

Kopin Corporation (NASDAQ: KOPN) a leading provider of application-specific optical systems and high-performance microdisplays for defense, training, enterpris

Business Wire·Jun 22, 2026
Universal Display Corporation Congratulates Prof. Stephen R.

EWING, N.J.--(BUSINESS WIRE)---- $OLED #OLED--Universal Display Corporation congratulates Prof. Stephen R. Forrest on election to the UK's Royal Society.

GlobeNewsWire·Jun 22, 2026
OLED Display Market Size to Grow $163.19 Billion by 2035 | SNS Insider

Austin, June 22, 2026 (GLOBE NEWSWIRE) -- OLED Display Market Size & Growth Insights: According to the SNS Insider, “The global OLED Display Market size was worth USD 51.84 Billion in 2025 and is expected to reach USD 163.19 Billion by 2035, expanding at a CAGR of 13.70% from 2026 to 2035.” Expanding OLED Adoption Across Smartphones, Laptops, and Automotive Applications Accelerates Global Market Growth The OLED Display Market is seeing fast growth since OLEDs are becoming more widely available to various consumer products.

Peers Comparison

Key metrics vs top competitors for Universal Display Corporation (OLED)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
OLED logoOLEDUniversal Display CorporationCurrent
$79.77$3.76B15.700.45%37.21%14.33%2.25%
LITE logoLITELumentum Holdings Inc.
$698.91$49.9B1888.9521.03%17.68%30.68%—
COHU logoCOHUCohu, Inc.
$50.97$2.39B-32.0612.74%-11.54%-6.84%—
ONTO logoONTOOnto Innovation Inc.
$279.93$13.92B100.691.82%10.33%5.19%—
VECO logoVECOVeeco Instruments Inc.
$53.35$3.26B90.42-7.39%3.53%2.64%—
KOPN logoKOPNKopin Corporation
$3.79$692.35M259.25-23.58%4.86%4.31%—

Compare OLED vs Peers

Universal Display Corporation (OLED) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs LITE

Most directly comparable listed peer for OLED.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare OLED against a more recognizable public peer.

Peer Set

Compare Top 5

vs LITE, COHU, ONTO, VECO

OLED SEC Filings & Documents

Universal Display Corporation (OLED) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

FY 2024

Feb 22, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 30, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Jul 31, 2025·SEC

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OLED Frequently Asked Questions

Universal Display Corporation (OLED) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Universal Display Corporation's revenue?

Universal Display Corporation (OLED) reported $626.5M in revenue for fiscal year 2025. This represents a 626445% increase from $0.1M in 1996.

How fast is Universal Display Corporation growing?

Universal Display Corporation (OLED) grew revenue by 0.5% over the past year. Growth has been modest.

Is OLED profitable?

Yes, Universal Display Corporation (OLED) is profitable, generating $213.5M in net income for fiscal year 2025 (37.2% net margin).

Dividend & Returns
Does OLED pay dividends?

Yes, Universal Display Corporation (OLED) pays a dividend with a yield of 2.25%. This makes it attractive for income-focused investors.

What is OLED's return on equity?

Universal Display Corporation (OLED) has a return on equity (ROE) of 14.3%. This is reasonable for most industries.

What is Universal Display Corporation's free cash flow?

Universal Display Corporation (OLED) generated $237.1M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in OLED back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →