Universal Display (OLED) Q3 2026 earnings summary

Executive summary

• Q3 revenue rose to $160.4M from $139.6M YoY; net income was $78.9M, including a $28.9M investment gain, while adjusted net income was $56.2M.

• OLEDX was introduced, phosphorescent blue development advanced, and UVJC launched NovaJet, its first commercial dry-printing system.

Financial highlights

• Q3 operating income was $53.7M vs. $43.1M; diluted EPS was $1.72 vs. $0.92.

• 9M revenue was $454.8M vs. $477.7M; operating income was $150.1M vs. $181.3M; net income was $164.3M vs. $175.7M.

• 9M diluted EPS was $3.52 vs. $3.68; adjusted net income was $141.5M, or $3.04 per diluted share, excluding the investment gain and related tax expense.

Outlook and guidance

• FY2026 revenue is expected near the low end of the $630M–$670M range; gross margin is expected near the low end of 74%–76%.

• Q4 strength is expected from second-half product launches and production for launches typically occurring in Q1.

• 2027 outlook reflects macro and memory-market uncertainty, higher input costs, and gross-margin pressure, partly offset by scale efficiencies and manufacturing improvements; formal guidance is due in February.

• Phosphorescent blue revenue is expected to remain lower during the strategic transition; commercialization timing depends on customer roadmaps.