Universal Display Corporation (OLED) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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OLED Revenue Growth
Revenue Breakdown (FY 2025)
OLED's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
OLED Revenue Analysis (2014–2025)
As of May 7, 2026, Universal Display Corporation (OLED) generated trailing twelve-month (TTM) revenue of $626.5 million, reflecting significant decline in growth of -14.5% year-over-year. The most recent quarter (Q1 2026) recorded $142.2 million in revenue, down 17.8% sequentially.
Looking at the longer-term picture, OLED's 5-year compound annual growth rate (CAGR) stands at +8.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $650.6 million in 2025, representing a new all-time high.
Revenue diversification analysis shows OLED's business is primarily driven by Material Sales (54%), Royalty And License Fees (42%), and Contract Research Services (3%). With over half of revenue concentrated in Material Sales, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including LITE (+69.0% YoY), COHU (+23.1% YoY), and ONTO (-1.5% YoY), OLED has underperformed the peer group in terms of revenue growth. Compare OLED vs LITE →
OLED Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| OLEDCurrent | $627M | -14.5% | +8.7% | 38.5% | |
 LITE | $1.6B | +69.0% | -0.4% | -10.9% | |
 COHU | $453M | +23.1% | -6.6% | -13.3% | |
 ONTO | $1.0B | -1.5% | +12.6% | 13.2% | |
 VECO | $664M | -7.7% | +7.9% | 5.4% | |
 KOPN | $50M | +3.0% | +11.3% | -85.6% |
OLED Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $650.6M | +0.5% | $477.8M | 73.4% | $250.8M | 38.5% |
| 2024 | $647.7M | +12.4% | $499.2M | 77.1% | $238.8M | 36.9% |
| 2023 | $576.4M | -6.5% | $441.1M | 76.5% | $217.2M | 37.7% |
| 2022 | $616.6M | +11.4% | $488.7M | 79.3% | $267.1M | 43.3% |
| 2021 | $553.5M | +29.1% | $438.5M | 79.2% | $227.6M | 41.1% |
| 2020 | $428.9M | +5.8% | $343.4M | 80.1% | $157.5M | 36.7% |
| 2019 | $405.2M | +63.8% | $329.8M | 81.4% | $158.3M | 39.1% |
| 2018 | $247.4M | -26.3% | $193.9M | 78.4% | $56.7M | 22.9% |
| 2017 | $335.6M | +68.8% | $280.9M | 83.7% | $146.2M | 43.6% |
| 2016 | $198.9M | +4.1% | $172.6M | 86.8% | $68.4M | 34.4% |
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Side-by-side business, growth, and profitability comparison vs NVIDIA Corporation.
Start ComparisonOLED — Frequently Asked Questions
Quick answers to the most common questions about buying OLED stock.
Is OLED's revenue growth accelerating or slowing?
OLED revenue declined -14.5% year-over-year, contrasting with the 5-year CAGR of +8.7%. TTM revenue fell to $627M. This reverses the prior growth trend.
What is OLED's long-term revenue growth rate?
Universal Display Corporation's 5-year revenue CAGR of +8.7% reflects the variable expansion pattern. Current YoY growth of -14.5% is below this long-term average.
How is OLED's revenue distributed by segment?
OLED reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.