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Dec 31, 2022
Universal Display Q4 2022 Earnings Report
Universal Display reported record revenues and earnings, driven by higher material sales and royalty and license fees.
Key Takeaways
Universal Display Corporation reported strong financial results for the fourth quarter of 2022, with record revenues of $169.0 million compared to $146.2 million in the fourth quarter of 2021 and net income of $65.1 million or $1.36 per diluted share as compared to $45.9 million or $0.96 per diluted share in the fourth quarter of 2021.
Total revenue in Q4 2022 was $169.0 million, compared to $146.2 million in Q4 2021.
Material sales revenue was $88.3 million in Q4 2022, compared to $85.8 million in Q4 2021.
Royalty and license fees revenue was $75.6 million in Q4 2022, compared to $56.0 million in Q4 2021.
Operating income was $83.1 million in Q4 2022, compared to $56.5 million in Q4 2021.
Revenue by Segment
Forward Guidance
The Company believes that its 2023 revenue will be in the range of $550 million to $600 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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