Earnings ·
Reports Q3 net income of $1.72 per share and announces a $0.50 quarterly dividend
OLEDUniversal Display Corp \PA\
Universal Display reported third-quarter revenue of $160.4 million, up from $139.6 million in the prior-year period, driven by higher royalty and license fees. Net income rose to $78.9 million, or $1.72 per diluted share, compared to $44.0 million, or $0.92 per diluted share, previously. The increase included a $28.9 million gain from a UDC Ventures investment; non-GAAP adjusted net income was $56.2 million, or $1.23 per diluted share. The company also announced a fourth-quarter cash dividend of $0.50 per share, payable on December 31, 2026 to shareholders of record as of December 17, 2026. Additionally, Universal Display repurchased approximately $78.8 million in shares during the quarter and reaffirmed its full-year revenue guidance near the lower end of the previous range of $630 million to $670 million. The company is a global leader in energy-efficient OLED technologies and materials.