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Sep 30, 2022
Universal Display Q3 2022 Earnings Report
Reported solid third quarter results, including record quarterly revenues.
Key Takeaways
Universal Display Corporation reported a revenue of $160.6 million for Q3 2022, compared to $143.6 million in Q3 2021. The increase was primarily driven by higher unit material volume and customer mix. Net income was $53.5 million, or $1.12 per diluted share, compared to $46.1 million, or $0.97 per diluted share, in the third quarter of 2021.
Total revenue in the third quarter of 2022 was $160.6 million, compared to $143.6 million in the third quarter of 2021.
Revenue from material sales was $84.2 million in the third quarter of 2022, compared to $75.6 million in the third quarter of 2021.
Revenue from royalty and license fees was $71.5 million in the third quarter of 2022, compared to $63.9 million in the third quarter of 2021.
Operating income was $68.5 million in the third quarter of 2022, compared to $57.7 million in the third quarter of 2021.
Revenue by Segment
Forward Guidance
The Company affirms its previous revenue guidance and believes that 2022 revenue will be approximately $600 million, plus or minus $10 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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