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Have you looked into how Universal Display Corp. (OLED) performed internationally during the quarter ending December 2025? Considering the widespread global presence of this organic light-emitting diode technology company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.The global economy today is deeply interlinked, making a company's engagement with international markets a critical factor in determining its financial success and g ...

Core Insights - Universal Display Corporation (OLED) reported strong fourth-quarter 2025 results, with adjusted earnings exceeding Zacks Consensus Estimate and revenue growth driven by increased material sales, royalties, and license fees [1][3][4] Financial Performance - Net income for Q4 2025 was $66.3 million or $1.39 per share, up from $46.01 million or 96 cents per share in Q4 2024, beating the Zacks Consensus Estimate by 11 cents [3] - Revenues reached $173 million in Q4 2025, compared to $162.3 million in the same quarter last year, matching consensus estimates [4] - For the full year 2025, net income was $242.1 million or $5.08 per share, an increase from $222.1 million or $4.65 per share in 2024 [3] - Total revenues for 2025 were $650.6 million, slightly up from $647.7 million in 2024 [4] Revenue Breakdown - Material sales contributed $95.5 million to revenues, an increase from $93.3 million in the prior-year quarter, exceeding estimates [5] - Revenues from green emitter sales rose to $74 million from $67 million year-over-year, while red emitter sales decreased to $21 million from $25 million [5] - Royalties and license fees generated $72.6 million, up from $64.4 million in the previous year, although it fell short of estimates [6] Operational Metrics - Quarterly gross profit was $131.6 million, compared to $124.9 million in the prior-year quarter, with a gross margin of 76%, down from 77% [7] - Operating income was $67.2 million, with a margin of 39%, compared to $52.5 million and 32% in the year-ago quarter [7] Cash Flow and Liquidity - In 2025, cash generated from operating activities was $210.8 million, down from $253.7 million in the previous year [8] - As of December 31, 2025, the company had $138.4 million in cash and cash equivalents, an increase from $98.9 million a year ago [8] Future Guidance - For 2026, OLED expects revenues between $650 million and $700 million, with a gross margin forecast of 74% to 76% [10][11] - Management remains optimistic about long-term growth potential, driven by increasing OLED usage in various consumer electronics and IT applications [11]

For the fourth quarter of 2025, revenue was $173 million , up 7% from $162 million in the year-ago period. Fourth-quarter results included a $10 million cumulative catch-up adjustment, compared with $5 million in Q4 2024. Material sales were $96 million versus $93 million a year earlier, with green emitter sales of $74 million (up from $67 million ) and red emitter sales of $21 million (down from $25 million ). Royalty and license fees were $73 million , up from $64 million . Fourth-quarter operating income ...

Universal Display Corp. (OLED) reported $172.93 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 6.6%. EPS of $1.39 for the same period compares to $1.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $173.25 million, representing a surprise of -0.19%. The company delivered an EPS surprise of +9.02%, with the consensus EPS estimate being $1.28.While investors closely watch year-over-year changes in headline numbers -- revenue and ...

Core Viewpoint - Universal Display Corp. reported quarterly earnings of $1.39 per share, exceeding the Zacks Consensus Estimate of $1.28 per share, and showing an increase from $1.22 per share a year ago [1] Earnings Performance - The earnings surprise for the quarter was +9.02%, with the company previously expected to post earnings of $1.19 per share but actually reporting $0.92, resulting in a surprise of -22.69% [2] - Over the last four quarters, Universal Display has surpassed consensus EPS estimates three times [2] Revenue Performance - The company reported revenues of $172.93 million for the quarter ended December 2025, which was slightly below the Zacks Consensus Estimate by 0.19%, compared to $162.29 million in the same quarter last year [3] - Universal Display has topped consensus revenue estimates two times over the last four quarters [3] Stock Performance - Universal Display shares have increased approximately 2.7% since the beginning of the year, outperforming the S&P 500, which gained 0.5% [4] Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [5] - The current consensus EPS estimate for the next quarter is $1.24 on revenues of $166.51 million, and for the current fiscal year, it is $5.38 on revenues of $715.67 million [8] Industry Context - The Electronics - Miscellaneous Components industry, to which Universal Display belongs, is currently ranked in the top 22% of over 250 Zacks industries, indicating a favorable outlook [9]

Financial Data and Key Metrics Changes - Universal Display reported record revenue of $651 million for 2025, with operating income of $249 million and net income of $242 million, translating to $5.08 per diluted share [4][15] - Total gross margin for 2025 was 76%, down from 77% in 2024, while operating expenses decreased to $248 million from $260 million in 2024 [14][15] - Fourth quarter revenue for 2025 was $173 million, up 7% from $162 million in Q4 2024, with a net income of $66 million or $1.39 per diluted share compared to $46 million or $0.96 per diluted share in Q4 2024 [15][17] Business Line Data and Key Metrics Changes - Material sales for 2025 were $353 million, royalty and license revenues were $275 million, and Adesis revenues were $23 million [14] - In Q4 2025, material sales were $96 million, with green emitter sales at $74 million and red emitter sales at $21 million [16] Market Data and Key Metrics Changes - Global OLED shipments are projected to surpass 1.4 billion units by 2030, with significant growth expected in IT applications and automotive OLED shipments [10][11] - OLED smartphone shipments are expected to grow from 810 million units in 2025 to 967 million units by 2030, while OLED IT shipments are forecasted to triple from 27 million to 92 million units over the same period [10] Company Strategy and Development Direction - The company is focused on expanding R&D efforts, strengthening its intellectual property framework, and broadening its global infrastructure to support the next phase of growth in the OLED industry [4][5] - Investments in in-house materials discovery and AI-driven research capabilities are aimed at enhancing innovation and supporting multiple device architectures [9][8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing adoption of OLED technology across various consumer electronics and highlighted the importance of phosphorescent materials in driving efficiency and performance [4][21] - The company anticipates 2026 revenues in the range of $650 million to $700 million, with gross margins expected to be approximately 74%-76% due to higher raw material pricing [18][19] Other Important Information - The company repurchased approximately 454,000 shares of common stock for $53 million and increased its quarterly cash dividend to $0.50 per share [19][20] - The company ended 2025 with $955 million in cash, cash equivalents, and investments, indicating strong financial health [15] Q&A Session Summary Question: Outlook for blue phosphorescent materials - Management indicated that they are on the right path with blue materials, working with multiple customers on development efforts, but progress largely depends on customer commercialization [23][25] Question: Inventory trends and cumulative catch-up payments - Management noted that inventory issues related to tariff buying have mostly resolved and that cumulative catch-up payments were due to revisions in third-party forecasts [28][31] Question: Capacity additions and competitive environment in China - New Gen 8.6 fabs from Samsung and BOE are expected to add significant capacity, with benefits anticipated in the second half of the year [36][37] - The competitive environment in China has intensified, but the company maintains a strong patent position and continues to invest in local support [38][39] Question: Revenue guidance and royalty modeling - The revenue guidance for 2026 aligns with industry growth projections, considering various end markets, while the ratio of materials to licensing is expected to be around 1.3 to 1 [45][48]

Financial Data and Key Metrics Changes - Universal Display reported record revenue of $651 million for 2025, with operating income of $249 million and net income of $242 million, translating to $5.08 per diluted share [4][14] - Total gross margin for 2025 was 76%, down from 77% in 2024, while operating expenses decreased to $248 million from $260 million in the previous year [14][15] - Fourth quarter revenue for 2025 was $173 million, a 7% increase from $162 million in Q4 2024, with a gross margin of 76% [15][16] Business Line Data and Key Metrics Changes - Material sales for 2025 were $353 million, royalty and license revenues were $275 million, and Adesis revenues were $23 million [14] - In Q4 2025, material sales were $96 million, with green emitter sales at $74 million and red emitter sales at $21 million [16] Market Data and Key Metrics Changes - Global OLED shipments are projected to exceed 1.4 billion units by 2030, with significant growth in IT applications and automotive OLED shipments expected to rise from 3 million in 2025 to 14 million by 2030 [10][11] - OLED smartphone shipments are forecasted to grow from 810 million units in 2025 to 967 million units by 2030 [10] Company Strategy and Development Direction - The company is focused on expanding R&D efforts, strengthening intellectual property, and broadening global infrastructure to support the next phase of OLED growth [4][5] - Investments in new materials and technologies are aimed at enabling performance and scalability in the evolving OLED landscape, including the development of phosphorescent blue materials [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing growth of the OLED market, driven by diverse applications and increasing performance expectations [10][21] - The company anticipates 2026 revenues in the range of $650 million to $700 million, with gross margins expected to be around 74%-76% due to higher raw material costs [18][19] Other Important Information - The company repurchased approximately 454,000 shares for $53 million and increased its quarterly cash dividend to $0.50 per share [19][20] - The company has a strong balance sheet with $955 million in cash and investments, enabling continued investment in growth initiatives [15][20] Q&A Session Summary Question: Outlook for blue phosphorescent materials - Management indicated that they are on the right path with blue materials, working with multiple customers on development efforts, but progress largely depends on customer commercialization [23][25] Question: Inventory trends and cumulative catch-up payments - Management noted that inventory issues related to tariff buying have mostly resolved and that cumulative catch-up payments were due to revisions in third-party forecasts [28][31] Question: Capacity additions and competitive environment in China - New Gen 8.6 fabs from Samsung and BOE are expected to add significant capacity, with benefits anticipated in the second half of 2026 [35][37] - The competitive environment in China has increased, but the company maintains a strong patent position and quality of materials [38][39] Question: Revenue guidance assumptions - The revenue guidance for 2026 aligns with industry growth projections and incorporates customer forecasts across various end markets [46][57]

Financial Data and Key Metrics Changes - Universal Display reported record revenue of $651 million for 2025, with operating income of $249 million and net income of $242 million, translating to $5.08 per diluted share [4][14] - Total gross margin for 2025 was 76%, a slight decrease from 77% in 2024, while operating expenses decreased to $248 million from $260 million in 2024 [13][14] - Fourth quarter revenue for 2025 was $173 million, up 7% from $162 million in Q4 2024, with a gross margin of 76% [14][15] Business Line Data and Key Metrics Changes - Material sales for 2025 were $353 million, royalty and license revenues were $275 million, and Adesis revenues were $23 million [13] - In Q4 2025, material sales were $96 million, with green emitter sales at $74 million and red emitter sales at $21 million [15] Market Data and Key Metrics Changes - Global OLED shipments are projected to surpass 1.4 billion units by 2030, with smartphone shipments expected to grow from 810 million units in 2025 to 967 million units by 2030 [10] - OLED IT shipments are forecasted to triple from 27 million to 92 million units over the same period, while automotive OLED shipments are expected to increase from 3 million in 2025 to 14 million units by 2030 [10][11] Company Strategy and Development Direction - The company is focused on expanding R&D efforts, strengthening its intellectual property framework, and broadening its global infrastructure to support the next phase of growth in the OLED industry [4][5] - Investments in in-house materials discovery and AI-driven research capabilities are aimed at enhancing innovation and supporting multiple device architectures [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ongoing adoption of OLED technology across various consumer electronics and highlighted the importance of new applications and architectural advancements [10][20] - The company anticipates 2026 revenues in the range of $650 million to $700 million, with gross margins expected to be approximately 74%-76% due to higher raw material pricing [17][18] Other Important Information - The company repurchased approximately 454,000 shares of common stock for $53 million and increased its quarterly cash dividend to $0.50 per share [18] - Installed OLED capacity increased by approximately 10% between year-end 2023 and year-end 2025, with expectations for an additional 10% increase by the end of 2027 [12] Q&A Session Summary Question: Outlook for blue phosphorescent materials - Management indicated that they are on the right path with blue materials, working with multiple customers on development efforts, but progress largely depends on customer commercialization [23][25] Question: Inventory trends and cumulative catch-up payments - Management noted that inventory issues related to tariff buying have mostly resolved and that cumulative catch-up payments were due to revisions in third-party forecasts [29][31] Question: Capacity additions and Gen 8.6 launch - New fabs from Samsung and BOE are expected to add significant capacity, but full operations will not be realized until later in the year, impacting guidance for the second half [36][37] Question: Competitive environment in China - Management acknowledged increased competition in China but emphasized the quality of their materials and strong patent position as key advantages [39][40] Question: Guidance assumptions for 2026 - The guidance reflects industry growth projections and customer forecasts across various end markets, with considerations for potential downsides from component costs [45][46]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the fiscal year ended December 31, 2025 OR FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ___________ Commission File Number 1-12031 UNIVERSAL DISPLAY CORPORATION (Exact name of registrant as specified in its charter) | Pennsylvania | | ...