OLED materials firm Universal Display Q3 revenue misses estimates, hurt by lower royalty, license fees

Universal Display

06/11/2025 22:00

Overview

Universal Display Q3 revenue of $139.6 mln missed analyst expectations

Net income for Q3 was $44 mln, down from $66.9 mln in 2024

Company revises 2025 revenue guidance to lower end of previous range

Outlook

Company revises 2025 revenue guidance to lower end of previous forecast of $650 mln to $700 mln range

Result Drivers

ROYALTY AND LICENSE FEES - Decrease due to changes in customer mix and a $9.5 mln out-of-period adjustment

MATERIAL SALES - Slight decrease attributed to lower unit material volume and changes in customer mix

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$139.61 mln
$163.90 mln (6 Analysts)
Q3 Net Income
$44 mln
Q3 Gross Margin
75.00%
Q3 Operating Income
$43.10 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 $177.06, about 17.1% above its November 5 closing price of $146.75

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 27 three months ago

Press Release: ID:nBw3m9H1ra

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(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.)