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Sep 30, 2021
Universal Display Q3 2021 Earnings Report
Reported solid third quarter results with record revenue.
Key Takeaways
Universal Display Corporation reported strong third-quarter results, highlighted by a record revenue of $143.6 million, driven by increased royalty and license fees, as well as higher material sales due to stronger demand in the OLED display market. The company reaffirms its revenue guidance range of $530 million to $560 million despite global supply chain disruptions.
Total revenue reached a record $143.6 million, up from $117.1 million in Q3 2020.
Revenue from material sales increased to $75.6 million, compared to $68.7 million in the prior year.
Royalty and license fees revenue rose to $63.9 million, a significant increase from $44.6 million in Q3 2020.
Operating income was $57.7 million, compared to $48.4 million in the third quarter of 2020.
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
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Avg. Return Before/After Earnings
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