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, 2023 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 (Exact name of registrant as specified in its charter) Pennsylvania 23-2372688 (State or other ...

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, 2023 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 ...

Universal Display Corporation (NASDAQ:OLED) Q1 2023 Earnings Conference Call May 3, 2023 5:00 PM ET Company Participants Darice Liu - Senior Director-Investor Relations Steven Abramson - President and Chief Executive Officer Brian Millard - Vice President, Chief Financial Officer and Treasurer Conference Call Participants Brian Lee - Goldman Sachs Sydney Ho - Deutsche Bank Mehdi Hosseini - SIG Nam Kim - Arete Research Christopher Grenga - Needham & Company Martin Yang - Oppenheimer Operator Good day, ladi ...

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, 2023 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 ...

Universal Display Corporation (NASDAQ:OLED) Q4 2022 Earnings Conference Call February 23, 2023 5:00 PM ET Company Participants Darice Liu – Senior Director-Investor Relations Steve Abramson – President and Chief Executive Officer Brian Millard – Vice President, Chief Financial Officer and Treasurer Conference Call Participants Brian Lee – Goldman Sachs Krish Sankar – Cowen and Company Sidney Ho – Deutsche Bank Mehdi Hosseini – SIG James Ricchiuti – Needham & Company Atif Malik – Citi Martin Yang – Oppenheim ...

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 ...