Quarterly ResultApr 30, 2026, 04:23 PM
OLED Q1 Revenue $142.2M, EPS $0.76; New $400M Buyback Auth.
AI Summary
Universal Display Corporation (OLED) reported Q1 2026 financial results with total revenue of $142.2 million and diluted EPS of $0.76, both down significantly year-over-year. The company also revised its full-year 2026 revenue guidance downwards to $630-$670 million. Despite the near-term market conditions, the Board authorized a new $400 million share repurchase program and declared a quarterly cash dividend of $0.50 per share, reflecting confidence in long-term growth and commitment to shareholder returns.
Key Highlights
- Board authorized a new $400 million share repurchase program.
- Declared Q2 2026 cash dividend of $0.50 per share, up from $0.45.
- Q1 2026 total revenue decreased 14.5% to $142.2 million from $166.3 million YoY.
- Q1 2026 diluted EPS decreased 43.7% to $0.76 from $1.35 YoY.
- Q1 2026 net income decreased 44.3% to $35.9 million from $64.4 million YoY.
- Q1 2026 material sales decreased 2.9% to $83.7 million from $86.2 million YoY.
- Q1 2026 royalty and license fees decreased 26.3% to $54.2 million from $73.6 million YoY.
- Revised 2026 revenue guidance to $630-$670 million, down from $650-$700 million.