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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.
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 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