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Mar 31, 2023
Universal Display Q1 2023 Earnings Report
Reported financial results for the first quarter ended March 31, 2023, with revenue in line with expectations and reaffirmed full-year 2023 outlook.
Key Takeaways
Universal Display Corporation reported total revenue of $130.5 million for Q1 2023, compared to $150.5 million in Q1 2022. The company reaffirmed its full-year 2023 revenue guidance of $550 million to $600 million.
Total revenue for Q1 2023 was $130.5 million, compared to $150.5 million in Q1 2022.
Revenue from material sales was $70.2 million, down from $86.7 million in Q1 2022.
Revenue from royalty and license fees was $55.2 million, compared to $59.8 million in Q1 2022.
Operating income was $45.4 million, down from $62.3 million in Q1 2022.
Revenue by Segment
Forward Guidance
The Company affirms its previous revenue guidance and believes that 2023 revenue will be the range of $550 million to $600 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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