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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.
Revenue by Segment
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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