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Jun 30, 2023
Universal Display Q2 2023 Earnings Report
Universal Display's Q2 2023 financial results were announced, showing revenue increase and solid performance.
Key Takeaways
Universal Display Corporation reported a revenue of $146.6 million for Q2 2023, compared to $136.6 million in Q2 2022. Net income increased to $49.7 million, or $1.04 per diluted share, from $41.5 million, or $0.87 per diluted share, in the same period last year. The company narrowed its full-year revenue guidance to $560 million to $600 million.
Total revenue for Q2 2023 increased to $146.6 million from $136.6 million in Q2 2022.
Revenue from material sales rose to $77.1 million, driven by higher emitter material sales volumes.
Royalty and license fees revenue increased to $64.4 million due to higher material sales volume.
Net income for Q2 2023 was $49.7 million, or $1.04 per diluted share, compared to $41.5 million, or $0.87 per diluted share, in Q2 2022.
Revenue by Segment
Forward Guidance
The company believes that 2023 revenue will be in the range of $560 million to $600 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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