Universal Display Corporation (OLED) Earnings Call Transcripts

Universal Display Corporation's Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Universal Display Corporation reported revenue of $142 million, a decline of 14% year-over-year, primarily due to customer mix and a softer macro environment. Net income fell to $36 million, or $0.76 per diluted share, compared to $64 million, or $1.35 per diluted share in the prior year. Management revised full-year revenue guidance to a range of $630 million to $670 million, down from $650 million to $700 million, reflecting increased uncertainty in demand and market conditions.

Reported metrics

Guidance from management

Management expects second quarter revenue to be sequentially higher than the first quarter and continues to anticipate a stronger second half of the year. Full-year revenue guidance has been revised to $630 million to $670 million from $650 million to $700 million.

What management said

Well, Brian, as you know, the China revenues are much lumpier over the course of the year than the Korean revenues. We still have a very strong position, obviously, in China. We're working closely with all of our Chinese customers, and we believe that, that's going to pick up throughout the year.

So hybrid means a bunch of different things. And I think it was separate than the Tianma issue. Hybrid in this context means you combine a layer of phosphorescent technology with a layer of fluorescent technology. And what that does is it enables you to get the best of both technologies. So you can get the efficiency from phosphorescence and the color points and lifetimes from fluorescence. And that type of technolog...

What analysts pressed on

Analysts expressed concerns about the impact of reduced visibility on demand forecasts, particularly in the smartphone market, which is expected to decline by 15-20%. There were also questions regarding the softness in China revenue and the implications of tariff-related purchasing from the previous year.

Main topics on the call

• Revenue Decline — Universal Display's revenue decreased to $142 million from $166 million year-over-year, driven by a 'more cautious demand environment' and 'higher component costs'. Management noted that 'visibility across the consumer e...
• Guidance Revision — The company lowered its full-year revenue guidance to $630 million to $670 million from $650 million to $700 million, citing 'reduced near-term visibility' and 'the evolving macro backdrop'. This reflects a more conserva...
• Share Repurchase Program — Universal Display announced a new $400 million share repurchase program following the completion of a previous $100 million program. This decision underscores management's confidence in the long-term trajectory of the bu...
• Phosphorescent Blue Development — Management emphasized the importance of phosphorescent blue, stating it could deliver 'up to an initial 25% improvement in OLED panel energy efficiency'. The company is aligning its development program to meet 'increasin...

Read the full Universal Display Corporation transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 60 Universal Display Corporation earnings call transcripts on record, spanning January 14, 2020 to July 30, 2026. Based on this history, Universal Display Corporation reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OLED

Exchange

NasdaqGS

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

60

First call

January 14, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly