Overview

* Universal Display ( OLED ) 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 ( OLED ) sees 2025 revenue of $650 mln-$700 mln

* Universal Display ( OLED ) 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/Mis Actual Consensu

s s

Estimate

Q2 Beat $171.80 $160.80

Revenue mln mln (7

Analysts

)

Q2 Net $67.30

Income mln

Q2 Gross 77.0%

Margin

Q2 $68.50

Operatin mln

g Income

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 ( OLED ) 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:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)