UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 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 | 23 ...

Financial Data and Key Metrics Changes - Third quarter 2022 revenue reached a record high of $161 million, compared to $144 million in the prior year period, representing a year-over-year increase of approximately 12% [10][19] - Operating profit was $68 million with an operating margin of 43%, up from $58 million and a 40% margin in the third quarter of 2021 [23][24] - Net income for the third quarter was $53 million or $1.12 per diluted share, compared to $46 million or $0.97 per diluted share in the same quarter of 2021 [24] - Total gross margins were 77%, slightly down from 78% in the prior year [21] Business Line Data and Key Metrics Changes - Total material sales were $84 million in Q3 2022, up from $76 million in Q3 2021 [19] - Green emitter sales, including yellow-green emitters, were $64 million, compared to $58 million in the prior year [20] - Red emitter sales increased to $20 million from $18 million in the same period last year [20] - Royalty and license fees for Q3 2022 were $71 million, up from $64 million in Q3 2021 [20] Market Data and Key Metrics Changes - OLED shipments for IT products are expected to grow more than 400% over the next five years, with unit shipments projected to reach 48.8 million by 2027, up from 9.5 million in 2022 [12] - The OLED market is forecasted to reach approximately $100 billion by 2030, more than doubling from an estimated $45 billion by the end of 2022 [13] Company Strategy and Development Direction - The company believes 2024 will be a pivotal year for the OLED industry, with significant CapEx growth cycles anticipated due to planned investments by panel makers [11] - The company is focusing on expanding its leadership position in the OLED ecosystem and is committed to R&D initiatives to support future growth [30][31] - The Shannon manufacturing site is expected to meet increasing customer needs and diversify the global manufacturing footprint [22][23] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that near-term OLED demand may fluctuate due to macroeconomic uncertainties but remains optimistic about long-term growth in the OLED industry [10][11] - The company is committed to investing in R&D and infrastructure despite short-term challenges [30][31] Other Important Information - The Board of Directors approved a $0.30 quarterly dividend, reflecting the company's commitment to return capital to shareholders [25] - The company ended the quarter with approximately $844 million in cash, cash equivalents, and investments, equating to $17.77 per diluted share [24] Q&A Session Summary Question: Thoughts on calendar '23 and deferred revenues - Management indicated that 2023 guidance will be provided in February and noted that macroeconomic conditions will significantly impact demand [35] Question: Progression of gross margins with Shannon underutilization - Management expects to utilize the Shannon facility more effectively as volumes increase, which should help improve margins over time [39] Question: Dynamics in major end markets - Management noted softness across the board but indicated that the high-end cell phone market is holding up reasonably well, with growth expected in IT [46] Question: Share buyback considerations - Management stated that the Board regularly reviews capital structure and options for returning capital to shareholders, with the current focus on the dividend program [61] Question: Pricing strategies and customer demand - Management expressed confidence in current pricing strategies, supported by long-term contracts with customers [72]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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) Pennsylvan ...

Financial Data and Key Metrics Changes - Second quarter 2022 revenue was $136.6 million, down from $150.5 million in the first quarter and up from $129.7 million in the second quarter of 2021 [13][24] - Operating profit for Q2 2022 was $53.3 million, with a net income of $41.5 million or $0.87 per diluted share, compared to $50 million or $1.05 per diluted share in the previous quarter [13][32] - The company revised its 2022 revenue forecast to approximately $600 million, plus or minus $10 million, due to macroeconomic uncertainties [13][33] - Gross margins for Q2 2022 were 80%, compared to 78% in the previous quarter and the same quarter last year [28] Business Line Data and Key Metrics Changes - Total material sales in Q2 2022 were $71.9 million, down from $86.7 million in Q1 2022 and up from $77.4 million in Q2 2021 [24] - Green emitter sales were $54.5 million in Q2 2022, down from $66.4 million in Q1 2022 and $57.8 million in Q2 2021 [25] - Royalty and license fees for Q2 2022 were $60.3 million, slightly up from $59.8 million in Q1 2022 and significantly up from $48.2 million in Q2 2021 [27] Market Data and Key Metrics Changes - The company noted that macroeconomic uncertainties and inflationary pressures are impacting consumer spending across the board, affecting demand for consumer electronics [43] - There are reports of a slowdown in consumer electronics demand, particularly in China due to lockdowns, which may impact future sales [43] Company Strategy and Development Direction - The company is focused on investing in its people, technologies, materials, and infrastructure to reinforce its first-mover advantage and expand its portfolio [15] - A significant new wave of Gen 6 and Gen 8.5 OLED capacity plans is reportedly in the works, which is expected to drive growth in the OLED industry [16][17] - The company is innovating new OLED phosphorescent emissive materials and is on track to meet preliminary target specs for commercial phosphorescent blue by year-end 2022 [18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term momentum in the OLED pipeline despite near-term headwinds [14] - The company believes that 2024 will be a pivotal year for the OLED industry, with new capacity and technology developments expected to drive growth [16][36] Other Important Information - The company announced a quarterly dividend of $0.30, reflecting its commitment to return capital to shareholders [34] - A leadership transition was announced, with Sid Rosenblatt retiring at the end of the year and Brian Mullard appointed as the new CFO [8][12] Q&A Session Summary Question: Demand Softening Breakdown - Management noted that macroeconomic uncertainties and inflation are impacting consumer spending across the board, with specific challenges in China due to lockdowns [43] Question: Competitive Landscape and Material Status - Management believes that phosphorescence will continue to dominate the OLED market and is making progress on blue materials, with a commercial introduction expected in 2024 [45] Question: Operating Leverage and Earnings Power - Management indicated that they expect operating margins to remain strong and are guiding towards the lower end of their expense increase range [53] Question: Revenue Contribution from Chinese Customers - Management acknowledged that sales to Chinese customers can be unpredictable but noted that they are working hard to grow their OLED market share [71] Question: Impact of New Facility on Gross Margin - Management expects the new facility to double capacity and be cost-effective, with no significant negative impact on gross margins anticipated [66]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (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, 2022 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 Indicate by check mark whether the registrant (1) has filed all report ...

Financial Data and Key Metrics Changes - The company reported significant financial results for Q1 2022, with specific metrics to be detailed later in the call [4]. Business Line Data and Key Metrics Changes - Detailed performance across various business lines will be discussed, highlighting any notable changes in revenue or profitability [4]. Market Data and Key Metrics Changes - The company will provide insights into market performance, including any shifts in demand or competitive positioning [4]. Company Strategy and Development Direction and Industry Competition - Management will outline the strategic direction of the company, including any initiatives aimed at enhancing competitive advantage within the industry [4]. Management's Comments on Operating Environment and Future Outlook - The management team will share their perspectives on the current operating environment and future growth prospects, addressing any potential challenges [4]. Other Important Information - The call will include important disclosures regarding forward-looking statements and associated risks, emphasizing the need for caution in interpreting future performance [5]. Q&A Session All Questions and Answers Question: What are the expectations for revenue growth in the upcoming quarters? - Management will address anticipated revenue trends and factors influencing growth in the near term [4]. Question: How is the company positioned against competitors in the OLED market? - Insights will be provided on competitive positioning and strategies to maintain market leadership [4]. Question: What are the key risks identified for the business moving forward? - The management will discuss identified risks and the company's approach to mitigating them [4].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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 2 ...

Financial Data and Key Metrics Changes - In 2021, the company reported record revenue of $554 million, an increase of 29% year-over-year, with operating income of $228 million and net income of $184 million, translating to $3.087 per diluted share [7][30] - For Q4 2021, revenue was $146 million, operating income was $56 million, and net income was $46 million or $0.96 per diluted share [8][39] - The company expects 2022 revenues to be in the range of $625 million to $650 million, indicating continued growth in the OLED industry [9][40] Business Line Data and Key Metrics Changes - Material sales in 2021 were $319 million, up 39% year-over-year, while royalty and license revenues were $219 million, up 18% year-over-year [30] - In Q4 2021, total material sales were $85.8 million, up 13% sequentially and up 37% year-over-year [33] - Green emitter sales in Q4 2021 were $66.7 million, up 15% sequentially and up 38% year-over-year [34] Market Data and Key Metrics Changes - The OLED penetration in the smartphone market reached 50%, while it remains at only 2% in the IT market and 3% in the TV market [23] - LG Display plans to increase its OLED TV shipments to almost 10 million units in 2022, up from slightly under 8 million units in 2021 [20] - The installed base of OLED square meter capacity increased by approximately 40% over year-end 2019 [24] Company Strategy and Development Direction - The company is focused on expanding its OLED emitter production capacity and establishing a new manufacturing site in Shannon, Ireland [11] - The strategic initiatives include advancing next-generation materials and technologies, particularly in the OVJP manufacturing platform [15][16] - The company aims to leverage its first-mover advantage in the OLED ecosystem to strengthen its growth runway [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the OLED industry's growth, driven by increased adoption across various consumer products [8] - The company anticipates that the commercial introduction of its full-color emissive stack will unlock new opportunities for higher energy efficiency across OLED applications [18] - Management acknowledged potential risks related to supply chain issues and component shortages affecting customer production [73] Other Important Information - The company achieved ISO 45001 certification in 2021, reinforcing its commitment to occupational health and safety management [14] - A quarterly cash dividend of $0.30 per share was approved, reflecting confidence in future growth opportunities [43] Q&A Session Summary Question: Insights on blue phosphorescent materials commercialization - Management indicated that while some phosphorescent blue materials are currently being sold, significant revenue impact is expected only upon commercial launch in 2024 [52] Question: Recent advancements in blue materials - Management highlighted improvements in color point lifetime and efficiency, providing confidence in meeting target specifications [58] Question: Revenue outlook and deferred revenue implications - Management clarified that deferred revenue is no longer predominantly tied to the largest customer, indicating a more diversified customer base [62] Question: Risks associated with supply constraints - Management acknowledged ongoing risks related to component shortages and COVID-19 impacts on customer production [73] Question: Potential for growth in IT market - Management noted that the IT market represents a significant opportunity, with only 2% OLED penetration currently [83]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 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 23-237 ...

Universal Display Corporation (NASDAQ:OLED) Q3 2021 Earnings Conference Call November 4, 2021 5:00 PM ET Company Participants Darice Liu - Investor Relations Steven Abramson - President, Chief Executive Officer and Director Sidney Rosenblatt - Executive Vice President, Chief Financial Officer, Treasurer, Secretary and Director Conference Call Participants C.J. Muse - Evercore ISI Sidney Ho - Deutsche Bank Krish Sankar - Cowen and Company Jim Ricchiuti - Needham and Company Shannon Cross - Cross Research Mar ...