Universal Display Corporation (OLED) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 142.21M | 172.93M | 139.61M | 171.79M | 166.28M | 162.29M | 161.63M | 158.5M | 165.26M | 158.32M | 141.08M | 146.56M | 130.47M | 169.03M | 160.56M | 136.56M | 150.47M | 146.25M | 143.62M | 129.66M |
| Revenue Growth % | -14.47% | 6.55% | -13.62% | 8.38% | 0.62% | 2.51% | 14.57% | 8.15% | 26.67% | -6.34% | -12.13% | 7.33% | -13.29% | 15.58% | 11.79% | 5.32% | 12.29% | 3.32% | 22.67% | 123.68% |
| Cost of Goods Sold | 36.12M | 45.95M | 40.21M | 43.87M | 42.79M | 37.35M | 35.81M | 38.33M | 36.97M | 36.02M | 34.25M | 32.14M | 32.97M | 30.1M | 37.4M | 27.24M | 33.16M | 32.24M | 31.48M | 27.97M |
| COGS % of Revenue | 25.4% | 26.57% | 28.8% | 25.54% | 25.74% | 23.02% | 22.16% | 24.18% | 22.37% | 22.75% | 24.28% | 21.93% | 25.27% | 17.81% | 23.29% | 19.95% | 22.04% | 22.05% | 21.92% | 21.57% |
| Gross Profit | 106.09M | 126.97M | 99.4M | 127.93M | 123.48M | 124.94M | 125.81M | 120.18M | 128.29M | 122.3M | 106.83M | 114.43M | 97.5M | 138.93M | 123.16M | 109.32M | 117.31M | 114M | 112.14M | 101.69M |
| Gross Margin % | 74.6% | 73.43% | 71.2% | 74.46% | 74.26% | 76.98% | 77.84% | 75.82% | 77.63% | 77.25% | 75.72% | 78.07% | 74.73% | 82.19% | 76.71% | 80.05% | 77.96% | 77.95% | 78.08% | 78.43% |
| Gross Profit Growth % | -14.09% | 1.63% | -21% | 6.45% | -3.75% | 2.16% | 17.77% | 5.03% | 31.58% | -11.97% | -13.26% | 4.67% | -16.89% | 21.87% | 9.83% | 7.5% | 5.97% | -0.47% | 19.68% | 124.36% |
| Operating Expenses | 55.28M | 58.14M | 56.26M | 59.39M | 53.22M | 72.45M | 58.81M | 63.74M | 65.42M | 57.55M | 58.39M | 55.79M | 52.13M | 55.85M | 54.7M | 56.01M | 55.06M | 57.54M | 54.41M | 51.8M |
| OpEx % of Revenue | 38.87% | 33.62% | 40.3% | 34.57% | 32.01% | 44.64% | 36.39% | 40.21% | 39.59% | 36.35% | 41.39% | 38.06% | 39.96% | 33.04% | 34.07% | 41.01% | 36.59% | 39.35% | 37.88% | 39.95% |
| Selling, General & Admin | 20.03M | 18.82M | 18.04M | 20.44M | 17.01M | 19.53M | 15.66M | 19.84M | 19.25M | 16.83M | 18.08M | 17.08M | 15.4M | 18.51M | 18.44M | 19.87M | 21.06M | 22.77M | 20.96M | 20.24M |
| SG&A % of Revenue | 14.09% | 10.89% | 12.92% | 11.9% | 10.23% | 12.03% | 9.69% | 12.52% | 11.65% | 10.63% | 12.82% | 11.65% | 11.8% | 10.95% | 11.49% | 14.55% | 14% | 15.57% | 14.59% | 15.61% |
| Research & Development | 35.25M | 36.91M | 36.34M | 36.36M | 34.3M | 46.29M | 36.09M | 36.83M | 37.98M | 33.64M | 33.1M | 32.32M | 31.42M | 31.91M | 30.41M | 28.2M | 26.55M | 26.94M | 25.33M | 24.1M |
| R&D % of Revenue | 24.78% | 21.34% | 26.03% | 21.16% | 20.63% | 28.52% | 22.33% | 23.23% | 22.99% | 21.25% | 23.46% | 22.05% | 24.09% | 18.88% | 18.94% | 20.65% | 17.64% | 18.42% | 17.64% | 18.59% |
| Other Operating Expenses | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | 42.75M | 68.83M | 43.14M | 68.54M | 70.27M | 52.49M | 67M | 56.44M | 62.87M | 64.75M | 48.44M | 58.64M | 45.37M | 83.08M | 68.46M | 53.31M | 62.25M | 56.46M | 57.73M | 49.9M |
| Operating Margin % | 30.06% | 39.81% | 30.9% | 39.9% | 42.26% | 32.34% | 41.46% | 35.61% | 38.04% | 40.9% | 34.33% | 40.01% | 34.77% | 49.15% | 42.64% | 39.04% | 41.37% | 38.61% | 40.2% | 38.48% |
| Operating Income Growth % | -39.16% | 31.14% | -35.62% | 21.45% | 11.76% | -18.93% | 38.34% | -3.76% | 38.58% | -22.07% | -29.25% | 9.99% | -27.12% | 47.15% | 18.6% | 6.85% | -2.06% | -14.16% | 19.21% | 4310.63% |
| EBITDA | 42.75M | 80.84M | 55.19M | 79.99M | 81.36M | 63.49M | 77.95M | 67.46M | 74.04M | 76.58M | 59.91M | 69.34M | 54.76M | 92.81M | 78.48M | 64.72M | 73.38M | 67.46M | 68.47M | 60.36M |
| EBITDA Margin % | 30.06% | 46.75% | 39.53% | 46.56% | 48.93% | 39.12% | 48.23% | 42.56% | 44.8% | 48.37% | 42.47% | 47.31% | 41.97% | 54.91% | 48.88% | 47.39% | 48.76% | 46.13% | 47.68% | 46.55% |
| EBITDA Growth % | -47.45% | 27.33% | -29.2% | 18.57% | 9.89% | -17.09% | 30.11% | -2.71% | 35.21% | -17.49% | -23.66% | 7.15% | -25.38% | 37.58% | 14.61% | 7.22% | 0.09% | -10.46% | 18.5% | 657.04% |
| D&A (Non-Cash Add-back) | 0 | 12.01M | 12.05M | 11.45M | 11.09M | 11M | 10.95M | 11.03M | 11.16M | 11.83M | 11.48M | 10.71M | 9.39M | 9.73M | 10.02M | 11.4M | 11.13M | 11M | 10.75M | 10.46M |
| EBIT | 0 | 68.83M | 43.14M | 68.54M | 70.27M | 52.49M | 67M | 56.44M | 62.87M | 64.75M | 48.44M | 58.64M | 45.37M | 83.08M | 68.46M | 53.31M | 62.25M | 56.46M | 57.73M | 49.9M |
| Net Interest Income | 0 | 9.82M | 10.05M | 9.76M | 10.07M | 10.61M | 10.59M | 9.91M | 9.57M | 7.87M | 7.14M | 6.2M | 6.97M | 3.5M | 2.43M | 1.58M | 291K | 160K | 137K | 75K |
| Interest Income | 0 | 9.82M | 10.05M | 9.76M | 10.07M | 10.61M | 10.59M | 9.91M | 9.57M | 7.87M | 7.14M | 6.2M | 6.97M | 3.5M | 2.43M | 1.58M | 291K | 160K | 137K | 75K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 2.54M | 7.83M | 11M | 15.34M | 9.85M | 2.84M | 14.41M | 8.45M | 7.63M | 10.86M | 5.44M | 5.41M | 6.26M | -2.44M | 1.63M | 1.67M | 257K | 80K | 35K | 296K |
| Pretax Income | 45.29M | 76.67M | 54.14M | 83.88M | 80.12M | 55.33M | 81.42M | 64.89M | 70.5M | 75.61M | 53.88M | 64.05M | 51.63M | 80.65M | 70.09M | 54.99M | 62.51M | 56.54M | 57.76M | 50.19M |
| Pretax Margin % | 31.85% | 44.33% | 38.78% | 48.82% | 48.18% | 34.09% | 50.37% | 40.94% | 42.66% | 47.76% | 38.19% | 43.7% | 39.57% | 47.71% | 43.66% | 40.26% | 41.54% | 38.66% | 40.22% | 38.71% |
| Income Tax | -9.4M | 10.32M | 10.11M | 16.61M | 15.67M | 9.31M | 14.55M | 12.55M | 13.64M | 13.63M | 2.36M | 14.38M | 11.79M | 15.51M | 16.64M | 13.48M | 12.54M | 10.67M | 11.65M | 9.65M |
| Effective Tax Rate % | -20.75% | 13.47% | 18.68% | 19.81% | 19.56% | 16.82% | 17.87% | 19.35% | 19.35% | 18.03% | 4.39% | 22.44% | 22.84% | 19.23% | 23.73% | 24.52% | 20.06% | 18.86% | 20.18% | 19.23% |
| Net Income | 35.9M | 66.34M | 44.02M | 67.26M | 64.44M | 45.95M | 66.87M | 52.34M | 56.85M | 61.98M | 51.52M | 49.68M | 39.84M | 65.13M | 53.17M | 41.27M | 49.65M | 45.88M | 45.85M | 40.29M |
| Net Margin % | 25.24% | 38.36% | 31.53% | 39.15% | 38.76% | 28.31% | 41.37% | 33.02% | 34.4% | 39.15% | 36.52% | 33.89% | 30.54% | 38.53% | 33.11% | 30.22% | 32.99% | 31.37% | 31.93% | 31.08% |
| Net Income Growth % | -44.3% | 44.39% | -34.16% | 28.52% | 13.35% | -25.87% | 29.8% | 5.35% | 42.71% | -4.85% | -3.1% | 20.38% | -19.75% | 41.98% | 15.95% | 2.41% | -3.28% | -14.27% | 14% | 4880.72% |
| Net Income (Continuing) | 35.9M | 66.34M | 44.02M | 67.26M | 64.44M | 46.02M | 66.87M | 52.34M | 56.85M | 61.98M | 51.52M | 49.68M | 39.84M | 65.13M | 53.45M | 41.5M | 49.97M | 45.88M | 46.11M | 40.54M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.76 | 1.39 | 0.92 | 1.41 | 1.35 | 0.97 | 1.40 | 1.10 | 1.19 | 1.29 | 1.08 | 1.04 | 0.83 | 1.36 | 1.12 | 0.87 | 1.05 | 0.96 | 0.97 | 0.85 |
| EPS Growth % | -43.7% | 43.3% | -34.29% | 28.18% | 13.45% | -24.81% | 29.63% | 5.77% | 43.37% | -5.15% | -3.57% | 19.54% | -20.95% | 41.67% | 15.46% | 2.35% | -2.78% | -15.04% | 14.12% | 4150% |
| EPS (Basic) | 0.76 | 1.39 | 0.93 | 1.41 | 1.35 | 0.97 | 1.40 | 1.10 | 1.19 | 1.30 | 1.08 | 1.04 | 0.83 | 1.37 | 1.12 | 0.87 | 1.05 | 0.96 | 0.97 | 0.85 |
| Diluted Shares Outstanding | 47.21M | 47.69M | 47.68M | 47.67M | 47.69M | 47.67M | 47.67M | 47.63M | 47.63M | 47.66M | 47.63M | 47.62M | 47.57M | 47.49M | 47.47M | 47.46M | 47.44M | 47.39M | 47.36M | 47.36M |
| Basic Shares Outstanding | 47.08M | 47.56M | 47.55M | 47.59M | 47.57M | 47.55M | 47.54M | 47.55M | 47.56M | 47.57M | 47.57M | 47.57M | 47.52M | 47.4M | 47.4M | 47.39M | 47.37M | 47.32M | 47.29M | 47.3M |
| Dividend Payout Ratio | 65.38% | 32.15% | 48.62% | 31.81% | 33.24% | 39.9% | 28.64% | 36.61% | 34.35% | 26.87% | 32.34% | 33.52% | 42.09% | 21.89% | 26.8% | 34.52% | 28.7% | 20.67% | 20.67% | 23.53% |