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Jun 30, 2022
Universal Display Q2 2022 Earnings Report
Second quarter financial results announced with revenue increasing despite economic challenges and revised full-year guidance.
Key Takeaways
Universal Display Corporation reported Q2 2022 revenue of $136.6 million, an increase from $129.7 million in Q2 2021. Despite this increase, the company revised its 2022 revenue forecast to approximately $600 million due to macroeconomic uncertainty and volatility.
Total revenue for Q2 2022 was $136.6 million compared to $129.7 million in Q2 2021.
Material sales revenue was $71.9 million, down from $77.4 million in the same quarter last year.
Royalty and license fees revenue increased to $60.3 million from $48.2 million in Q2 2021.
Operating income rose to $53.3 million, compared to $49.9 million in the previous 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 revised its 2022 revenue forecast to approximately $600 million, plus or minus $10 million, due to downward trends in customer order forecasts and increasing macroeconomic uncertainty.
Positive Outlook
- Well-positioned to continue investing in long-term strategic growth initiatives.
- Reinforce first-mover advantage.
- Expand materials and technologies portfolio.
- Broaden support to customers and the OLED industry.
- On track to meet preliminary target specs with phosphorescent blue by year-end.
Challenges Ahead
- Near-term macro headwinds may weigh on demand.
- Customers lowered their order forecasts.
- Increasing macroeconomic uncertainty.
- Increasing macroeconomic volatility.
- Deterioration in the overall global market economy had a negative impact on the demand for OLED products
Revenue & Expenses
Visualization of income flow from segment revenue to net income