Universal Display Corporation

Universal Display Corporation is rated Sell, with a fair value estimate of $82 per share versus a $90.41 close. Despite strong cash generation, OLED faces declining per-gram pricing, falling gross margins, and increasing competition, especially from China's Summer Sprout. Operating income for the first nine months of 2026 fell 17.2% year over year, signaling underlying business weakness masked by one-off gains.

Universal Display NASDAQ: OLED reported third-quarter revenue of $160 million, up from $140 million a year earlier, as higher royalty and license revenue offset a decline in material sales. The OLED technology company said it continues to expect full-year revenue toward the lower end of its previously issued $630 million to $670 million guidance range.

The headline numbers for Universal Display (OLED) give insight into how the company performed in the quarter ended September 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Universal Display Corporation (OLED) Q3 2026 Earnings Call Transcript