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Sep 30, 2024
Universal Display Q3 2024 Earnings Report
Reported financial results for the third quarter ended September 30, 2024.
Key Takeaways
Universal Display Corporation reported a revenue of $161.6 million for the third quarter of 2024, compared to $141.1 million in the third quarter of 2023. The company's net income was $66.9 million, or $1.40 per diluted share, compared to $51.5 million, or $1.08 per diluted share, in the third quarter of 2023. The company is lowering its 2024 revenue forecast range to $625 million to $645 million.
Total revenue in Q3 2024 was $161.6 million, compared to $141.1 million in Q3 2023.
Revenue from material sales was $83.4 million in Q3 2024, compared to $92.5 million in Q3 2023.
Revenue from royalty and license fees was $74.6 million in Q3 2024, compared to $45.9 million in Q3 2023.
Net income was $66.9 million, or $1.40 per diluted share, in Q3 2024, compared to $51.5 million, or $1.08 per diluted share, in Q3 2023.
Revenue by Segment
Forward Guidance
The Company now believes that its 2024 revenue will be in the range of $625 million to $645 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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