EarningsQ2 2026 Earnings Report
MX:OLED Q2 2026 EPS Results
Actual EPS$18.29
Consensus EPS$17.77
Beat/MissBeat by +$0.52
One Year Ago EPS$24.32
MX:OLED Q2 2026 Revenue Results
Actual Revenue$2.62B
Expected Revenue$2.72B
Beat/MissMissed by -$92.94M
YoY Revenue Growth-11.43%
Earnings Announcement Details
QuarterQ2 2026
Date07/30/2026
TimeAfter Close
Conference CallThursday, July 30, 2026
MX:OLED Upcoming Earnings
Universal Display's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:OLED Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call reflects a balanced outlook: meaningful near-term headwinds and notable year-over-year declines in revenue and earnings were contrasted with durable profitability (high gross margins), a strong cash position, continued industry investment and capacity ramps, and ongoing R&D progress (notably on phosphorescent blue and advanced OLED architectures). Management lowered its revenue outlook toward the low end of the prior range due to volume softness but expects seasonally stronger second-half results and highlights long-term growth drivers tied to new fabs, applications (IT, automotive, TV, foldables), and technology advances.Company Guidance
Strong Cash Position and Capital Returns
Ended Q2 with approximately $855 million in cash, cash equivalents and investments; repurchased ~531,000 shares for ~$48 million in the quarter; returned more than $238 million to shareholders over the last 12 months; board declared a Q3 cash dividend of $0.50 per share.
Resilient Profitability and High Gross Margins
Total gross margin remained strong at 76% in Q2 2026 (vs. 77% a year ago); operating income of $54 million and operating margin of 35% despite weaker revenue; company expects full-year total gross margin of 74%–76% and materials gross margins to trend back toward historical ~60% levels in the remainder of the year.
Diversified Revenue Mix with Growing Royalty/License Revenue
Royalty and license revenue increased to $81 million in Q2 2026 from $76 million in Q2 2025 (+6.6%), aided by cumulative catch-up adjustments which had a net favorable impact of approximately $9 million versus Q2 2025.
Industry Investment and Capacity Expansion
Multiple industry-scale investments underway: Gen 8.6 manufacturing entering mass production (Samsung Display, BOE); Visionox and TCL China Star advancing greenfield projects; LG Display and Samsung Display announcing additional Gen 6 investments — setups expected to drive future volume growth.
R&D Momentum and Technology Leadership
Continued technical progress on phosphorescent blue (efficiency, lifetime, manufacturability) presented at SID; advancing PSF, tandem architectures, light-extraction and power-efficiency technologies; leveraging AI/ML and agentic AI for accelerated materials discovery and is a founding member of CuspAI's AI Materials Foundry.
Expanded Global Infrastructure
Opened a new OLED Technology & Innovation Center in Chengdu, China (third in Asia) to provide local support and collaboration with customers, reinforcing on-the-ground presence in key regions.
Second Half Seasonal Upside Expected
Company expects second-half revenue to exceed first-half revenue and has guidance that full-year revenue will likely track toward the lower end of prior $630M–$670M range, indicating anticipated H2 step-up based on product cycles and new fab ramp activity.
MX:OLED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed