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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.
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 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