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Jun 30, 2021
Universal Display Q2 2021 Earnings Report
Universal Display's revenue significantly increased due to strong demand for OLED products and recovery from the COVID-19 pandemic impact.
Key Takeaways
Universal Display Corporation reported a strong second quarter with a significant increase in total revenue, driven by increased demand for OLED products and recovery in sales affected by the COVID-19 pandemic. The company's operating income and net income also saw substantial improvements compared to the previous year.
Total revenue increased to $129.7 million, compared to $58.0 million in the second quarter of 2020.
Material sales revenue was $77.4 million, up from $31.9 million in the same quarter last year.
Royalty and license fees revenue increased to $48.2 million, compared to $22.4 million in the second quarter of 2020.
Operating income was $49.9 million, a significant improvement from the operating loss of $1.2 million in the prior year.
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 continues to believe that its 2021 revenue will be approximately in the range of $530 million to $560 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income