Summary of Universal Display (OLED) FY Conference Call - August 12, 2025 Company Overview - **Company**: Universal Display Corporation (UDC) - **Industry**: OLED (Organic Light Emitting Diode) technology Key Points Industry Insights - **OLED Penetration in IT Market**: Currently, approximately 5% of global IT units utilize OLED displays, indicating significant growth potential as OEMs show increasing interest in adopting OLED technology across various IT products [3][4][5] - **Growth Opportunities**: The IT market is expected to see substantial growth, particularly in gaming monitors due to OLED's fast refresh rates and potential foldable IT products [4][5] - **CapEx Plans**: Major customers like Samsung, BOE, and Visionox have announced new capital expenditure plans to expand OLED capacity, signaling strong demand [5][6] Product Development - **Tandem Structures**: Tandem OLED structures, which use two emissive layers, require 1.5 to 2 times more material than single-layer structures, presenting a growth opportunity for UDC [6][10] - **Hybrid Tandem Panels**: LG's introduction of a hybrid tandem panel using UDC's phosphorescent blue material has shown a 15% reduction in energy consumption, highlighting the market's interest in energy-efficient solutions [11][12] - **Market Potential for Blue Materials**: UDC is focused on developing high-efficiency blue materials, with the hybrid approach providing a foothold in the market while aiming for an all-phosphorescent solution in the future [12][21] Market Trends - **Smartphone Market**: While tandem structures have seen limited adoption in smartphones, there is potential for growth as OEMs explore their use for improved brightness and longevity [15][16] - **Automotive Sector**: The automotive market is emerging as a significant opportunity for OLEDs, particularly in electric vehicles (EVs), with low current penetration (1% of new vehicles) indicating substantial growth potential [47][52] Financial Performance - **Revenue Generation**: UDC generates revenue from materials used during the qualification processes of new fabs before they enter mass production [8][9] - **Visibility and Forecasting**: UDC has good visibility into customer demand, with larger customers providing longer-term forecasts, allowing for better inventory management [44][46] Capital Allocation Strategy - **Buyback Authorization**: UDC has authorized a $100 million buyback program, marking a shift in capital allocation strategy, which has historically focused on dividends [57][58] - **Investment Focus**: The company prioritizes organic investment in R&D and potential M&A opportunities to enhance its market position [59][60] Emerging Applications - **Wearables and Medical Devices**: While smaller in revenue potential, wearables and medical devices are also being explored as applications for OLED technology [50] Challenges and Future Outlook - **Material Development Challenges**: UDC faces challenges in developing blue materials, particularly in achieving desired lifetime and efficiency characteristics [22][23] - **Outlook for 2026**: UDC anticipates strong growth in the IT market, with ongoing developments in blue materials and increased adoption of OLEDs in smartphones and TVs [66][67] Intellectual Property Strategy - **Patent Portfolio**: UDC holds over 6,500 patents, providing a strong competitive advantage in the OLED space [55][56] Conclusion - UDC is well-positioned to capitalize on the growing demand for OLED technology across various sectors, with a focus on innovation, strategic partnerships, and a robust capital allocation strategy to enhance shareholder value and market leadership.

Core Insights - Universal Display (NASDAQ: OLED) is on the verge of significant developments, yet the market appears largely unaware of its potential [1] - The company's near-term revenue growth may seem unremarkable at first glance, but deeper analysis reveals promising opportunities [1] Company Overview - Universal Display specializes in organic light-emitting diode (OLED) technology, which is increasingly being adopted across various sectors, including consumer electronics and automotive [1] - The company has a strong position in the OLED market, which is expected to grow significantly in the coming years due to rising demand for high-quality displays [1] Market Dynamics - The overall market for OLED technology is expanding, driven by advancements in display technology and increasing consumer preferences for OLED screens [1] - Despite the current perception of slow revenue growth, the underlying trends suggest a robust future for Universal Display as the industry evolves [1]

Financial Performance - Universal Display Corporation (OLED) reported second-quarter 2025 net income of $67.3 million or $1.41 per share, an increase from $52.3 million or $1.10 in the same quarter last year, beating the Zacks Consensus Estimate by 23 cents [3] - Revenues for the quarter reached $171.8 million, up from $158.5 million year over year, exceeding the consensus estimate of $162 million, driven by higher royalty and licensing revenues [4][10] - Material sales contributed $88.6 million to revenues, a decrease from $95.4 million in the prior-year quarter, while revenues from green emitter sales declined to $64 million from $72 million [5] Revenue Breakdown - Revenues from royalties and license fees were $75.7 million, up from $59.6 million in the year-ago quarter, surpassing the estimate of $64.4 million [6] - Contract research services generated $7.4 million in revenues, compared to $3.5 million in the prior-year quarter, beating the estimate of $3.6 million [6] Operational Metrics - Quarterly gross profit was $132.6 million, compared to $120.2 million in the prior-year quarter, with a gross margin of 77%, up from 76% a year ago [7] - Operating income was $68.5 million with a margin of 40%, compared to $56.4 million and 36% in the year-ago quarter [7] Cash Flow and Liquidity - In the first half of fiscal 2025, OLED generated $82.5 million in cash from operating activities, down from $139.2 million in the year-ago period [8] - As of June 30, 2025, the company had $95.8 million in cash and cash equivalents [8] Guidance and Market Outlook - For 2025, OLED upgraded its revenue guidance to a range of $650-700 million, up from the previous forecast of $640-700 million, with a predicted gross margin of 76-77% [9][10] - The company remains optimistic about long-term growth potential, driven by increasing OLED adoption in consumer electronics and automotive sectors [11]

Company Performance - Universal Display Corp. reported quarterly earnings of $1.41 per share, exceeding the Zacks Consensus Estimate of $1.18 per share, and up from $1.1 per share a year ago, representing an earnings surprise of +19.49% [1][2] - The company posted revenues of $171.79 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 5.86%, and an increase from $158.51 million year-over-year [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.22 on revenues of $167.28 million, and for the current fiscal year, it is $5.03 on revenues of $669.23 million [8] - The estimate revisions trend for Universal Display was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [7] Industry Context - Universal Display operates within the Zacks Electronics - Miscellaneous Components industry, which is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable industry outlook [9] - The company has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance relative to market expectations [2][3]

Universal Display (OLED) Q2 2025 Earnings Call July 31, 2025 05:00 PM ET Speaker0Good day, ladies and gentlemen, and welcome Universal Display Corporation's Second Quarter twenty twenty five Earnings Conference Call. My name is Sherry, and I will be your conference moderator for today's call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. As a reminder, this conference is being recorded for replay purposes.I would now like to turn ...

FORM 10-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ 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 ...

Exhibit 99.1 Press Release Universal Display Contact: Darice Liu investor@oled.com media@oled.com +1 609-964-5123 Universal Display Corporation Announces Second Quarter 2025 Financial Results EWING, N.J. – July 31, 2025 – Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, today reported financial results for the second quarter ended June 30, 2025. "We are pleased to report record financial performance in the secon ...

2024 Corporate Social Responsibility Report © 2025 Universal Display Corporation. All rights reserved. Issued on April 24, 2025. Table of Contents | 3 | Message from Our CEO | 39 | Our Carbon & Climate | | --- | --- | --- | --- | | 4 | Our Company | 43 | Our Environment, Health & Safety | | 13 | Our People | 51 | Our Performance | | 24 | Our Community | 57 GRI Index | | | 28 | Our Supply Chain | 71 SASB Index | | | 36 | Our Certified Management Systems | 75 | About Our Report | 2 A Message From Our CEO Stev ...

Financial Data and Key Metrics Changes - The meeting did not provide specific financial data or key metrics changes for FY 2025 [3][4][12] Business Line Data and Key Metrics Changes - No detailed information on individual business line performance or key metrics was shared during the meeting [3][4][12] Market Data and Key Metrics Changes - There was no discussion regarding market data or key metrics changes in the meeting [3][4][12] Company Strategy and Development Direction and Industry Competition - The meeting focused on formal business matters without a presentation on company strategy or industry competition [3][4][12] Management's Comments on Operating Environment and Future Outlook - Management did not provide comments on the operating environment or future outlook during the meeting [3][4][12] Other Important Information - The meeting included the election of 11 director nominees and an advisory vote on executive compensation, both of which were approved [6][8][11] - KPMG LLP was ratified as the independent auditor for the year ending December 31, 2025 [8][11] Q&A Session Summary - There were no questions submitted during the Q&A session, and thus no responses were provided [9][11]

Core Viewpoint - Zacks Premium provides tools and resources to help investors make informed decisions and maximize their stock market investments Group 1: Zacks Style Scores - Zacks Style Scores rates stocks based on value, growth, and momentum characteristics, aiding investors in selecting securities with high potential to outperform the market in the short term [2][3] - Each stock receives a rating from A to F, with A indicating the highest potential for outperformance [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, which combines all three styles for a comprehensive evaluation [3][4][5][6] Group 2: Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to assist investors in building successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize returns [9] Group 3: Universal Display Corporation (OLED) - Universal Display Corporation is a leading developer in the Organic Light Emitting Diodes (OLED) market, currently rated 3 (Hold) with a VGM Score of B [11] - The company has a Momentum Style Score of A, with shares increasing by 0.8% over the past four weeks [11] - For fiscal 2025, the Zacks Consensus Estimate for OLED's earnings per share has risen by $0.32 to $5.05, with an average earnings surprise of 13.3% [12]