Universal Display Corporation (OLED)

Universal Display’s second fiscal quarter of 2026 was mixed versus consensus, with EPS topping expectations while revenue trailed, as reported July 30, 2026. Revenue fell 11.4% to roughly $152.2 million (down from about $171.8 million a year ago), and on the comparison to Street estimates it came in at $152.2 million versus $157.5 million, -3.4% (trailed). EPS was $1.06, down 24.8% from $1.41 a year ago, and still $1.06 versus the $1.03 estimate, +2.9% (topped). Profitability remained high, with gross margin at roughly 76% and operating margin near 35%, translating into operating income of about $53.6 million and net income down 26.5% to roughly $49.4 million (from about $67.3 million a year ago). The company generated about $25.0 million of operating cash flow during the quarter, and returned cash through roughly $48.1 million of share repurchases and about $23.2 million paid in dividends. For the next period, consensus calls for EPS of $1.14 on revenue of $162.7 million.