Universal Display's Q2 revenue growth beats estimates
Overview
Universal Display Q2 revenue rises 8.4% yr/yr, beating analyst expectations
Net income for Q2 was $67.3 mln, up from $52.3 mln last year
Company raises lower end of 2025 revenue guidance to $650 mln-$700 mln
Outlook
Universal Display sees 2025 revenue of $650 mln-$700 mln
Universal Display expects growth in OLED IT market demand
Result Drivers
ROYALTY AND LICENSE FEES - Increase driven by changes in customer mix, despite lower unit material volume
MATERIAL SALES DECLINE - Decrease attributed to changes in customer mix and lower unit material volume for emitter materials
OLED MARKET EXPANSION - Co sees growth opportunities in OLED IT market, including tablets, laptops, and monitors
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $171.80 mln | $160.80 mln (7 Analysts) |
Q2 Net Income | $67.30 mln | ||
Q2 Gross Margin | 77.0% | ||
Q2 Operating Income | $68.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Universal Display Corp is $176.50, about 17% above its July 30 closing price of $146.45
The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release:
