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Sep 30, 2023
Universal Display Q3 2023 Earnings Report
Universal Display Reported Third Quarter 2023 Financial Results
Key Takeaways
Universal Display Corporation reported a decrease in revenue for Q3 2023, with total revenue at $141.1 million compared to $160.6 million in Q3 2022. Material sales increased, while royalty and license fees decreased. Net income was $51.5 million, or $1.08 per diluted share, compared to $53.5 million, or $1.12 per diluted share, in the same quarter of the previous year.
Total revenue for Q3 2023 was $141.1 million, down from $160.6 million in Q3 2022.
Material sales revenue increased to $92.5 million, up from $84.2 million in Q3 2022.
Royalty and license fees decreased to $45.9 million, compared to $71.5 million in Q3 2022.
Net income was $51.5 million, or $1.08 per diluted share, compared to $53.5 million, or $1.12 per diluted share, in Q3 2022.
Revenue by Segment
Forward Guidance
The Company has revised its previous revenue guidance and now believes that 2023 revenue will be in the range of $565 million to $590 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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