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EarningsQ3 2026 Earnings Report
OLED Q3 2026 EPS Results
Actual EPS$1.72
Consensus EPS$1.13
Beat/MissBeat by +$0.59
One Year Ago EPS$0.92
OLED Q3 2026 Revenue Results
Actual Revenue$160.43M
Expected Revenue$162.72M
Beat/MissMissed by -$2.29M
YoY Revenue Growth+14.91%
Earnings Announcement Details
QuarterQ3 2026
Date10/28/2026
TimeAfter Close
Conference CallWednesday, October 28, 2026
OLED Upcoming Earnings
Universal Display's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
OLED Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was broadly positive, supported by year-over-year revenue, royalty revenue, operating income and net income growth; strong foldable and IT OLED adoption trends; continued technology progress in OLEDX, phosphorescent blue and AI-enabled materials discovery; the NovaJet commercialization milestone; and substantial shareholder returns. These positives were tempered by lower material and green-emitter sales, gross-margin pressure from customer and product mix, macroeconomic and memory-cost uncertainty, anticipated 2027 input-cost pressures and temporarily lower blue development revenue.Company Guidance
Quarterly Revenue Growth
Third-quarter 2026 revenue was $160 million, up from $140 million in the prior-year period, an increase of approximately 14%. Management said full-year revenue is expected to track toward the lower end of the prior $630 million to $670 million guidance range.
Royalty and License Revenue Growth
Royalty and license fee revenue increased to $75 million from $53 million, up approximately 42%, primarily due to higher unit material volume, customer mix and the absence of a $9.5 million out-of-period adjustment that reduced the prior-year period.
Improved Operating and Net Income
Operating income rose to $54 million from $43 million, with operating margin improving to 33% from 31%. GAAP net income increased to $79 million, or $1.72 per diluted share, from $44 million, or $0.92 per diluted share. Results included a $29 million unrealized noncash gain on a UDC Ventures investment; excluding that gain net of tax, adjusted net income was approximately $56 million, or $1.23 per diluted share.
Foldable OLED Momentum
Apple launched the iPhone Duo, its first foldable smartphone, with initial production allocations selling out within minutes of preorders opening and delivery estimates extending into 2027 due to strong demand and limited early supply. Samsung, Xiaomi and Huawei also launched new foldable or tri-fold devices. Omdia forecasts foldable smartphone shipments will reach 45 million units by 2030, up approximately 150% from 18 million units in 2025.
Accelerating OLED Adoption in IT
OLED adoption is accelerating across notebooks, tablets and monitors. Omdia expects OLED IT shipments to reach 89 million units in 2030, more than tripling from 27 million units in 2025. Display makers have collectively committed approximately $20 billion toward Gen 8.6 OLED capacity, including investments by Samsung Display, BOE, Visionox and TCL China Star.
Expansion of OLED Capacity
Samsung Display announced plans to restart construction of a new greenfield OLED facility focused on foldables and IT applications, while LG Display is expanding Gen-6 capacity and evaluating future Gen-8 investments.
OLED TV and Automotive Opportunities
New OLED TV models from LG, Sony and Panasonic are using LG Display's lower-cost SE architecture to broaden OLED's addressable market while preserving premium picture quality. In automotive, OLED's design flexibility, image quality and support for immersive digital interiors were highlighted as opportunities for next-generation vehicle platforms. Audi also marked 10 years of OLED lighting in production vehicles.
OLEDX Platform Introduction
UDC introduced OLEDX, a proprietary platform designed to increase the amount of OLED-generated light that reaches the user. Management said OLEDX and phosphorescent technologies together could enable higher efficiency, enhanced image fidelity and greater control over the viewing experience.
Progress in Phosphorescent Blue and New Materials
UDC reported continued advancements in phosphorescent blue across efficiency, color, lifetime and manufacturability, while expanding work into additional materials and device architectures. The company is also developing next-generation red and green emitters for broader color gamut and emerging PSF, or phosphor-sensitized fluorescent OLED, architectures. Management said PSF is currently viewed as being in the same range as pure phosphorescence for doping percentage and revenues.
AI-Enabled Materials Discovery
UDC's AI-enabled discovery platform has generated a virtual library of more than 1 billion molecular designs and evaluated approximately 50 million candidates using proprietary models. The company has identified hundreds of promising molecular cores, synthesized new candidates and generated leads for its commercial blue program.
NovaJet Commercialization Milestone
UDC subsidiary Universal Vapor Jet Corporation launched NovaJet, described as its first commercial system and a major commercialization milestone. The initial small-footprint tool is intended to allow researchers and technologists to evaluate dry-printing applications across life sciences, semiconductors and semiconductor packaging, photovoltaics, solid-state batteries and organic electronics.
Adesis Revenue Growth
Adesis, UDC's contract development and manufacturing subsidiary, generated $5.2 million of quarterly revenue compared with $3.7 million in the prior-year period, an increase of approximately 41%.
Shareholder Returns and Strong Liquidity
UDC repurchased approximately 963,000 shares for approximately $79 million during the quarter and approximately 2.1 million shares for approximately $193 million during the first nine months. Over the last 12 months, the company returned more than $340 million to shareholders through dividends and share repurchases and reduced its outstanding share count by more than 5%. The board declared a fourth-quarter cash dividend of $0.50 per share. UDC ended the quarter with approximately $828 million in cash, cash equivalents and investments.
UDC Ventures Innovation Platform
UDC Ventures has approximately a dozen investments and approximately $80 million in assets under management, focused on display ecosystem innovations, AI and machine learning for materials discovery, and disruptive technologies with potential to create new markets. Management said the platform is already providing strategic benefits through technologies and relationships.
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