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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.
Universal Display
Universal Display
Universal Display Revenue by Segment
Revenue by Segment
Material Sales Revenue
CapyFin.comRoyalty and License Fees Revenue
CapyFin.comContract Research Services Revenue
CapyFin.com 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