Universal Display Corp
NASDAQ:OLED

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Universal Display Corp
NASDAQ:OLED
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Price: 167.06 USD 0.7% Market Closed
Market Cap: 7.9B USD
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Income Statement

Earnings Waterfall
Universal Display Corp

Revenue
809m USD
Cost of Revenue
-187.9m USD
Gross Profit
621.1m USD
Operating Expenses
-307.1m USD
Operating Income
313.9m USD
Other Expenses
-20m USD
Net Income
294m USD

Income Statement
Universal Display Corp

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Income Statement
Currency: USD
Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024
Revenue
Revenue
184
N/A
191
+4%
184
-3%
178
-3%
185
+4%
191
+3%
190
-1%
196
+3%
187
-5%
199
+7%
225
+13%
263
+17%
294
+12%
336
+14%
324
-4%
277
-14%
293
+6%
247
-16%
292
+18%
354
+21%
374
+6%
405
+8%
430
+6%
370
-14%
389
+5%
429
+10%
451
+5%
522
+16%
549
+5%
554
+1%
570
+3%
577
+1%
594
+3%
617
+4%
597
-3%
607
+2%
587
-3%
576
-2%
611
+6%
788
+29%
809
+3%
Gross Profit
Cost of Revenue
(41)
(46)
(45)
(72)
(72)
(68)
(65)
(32)
(31)
(32)
(41)
(48)
(55)
(64)
(59)
(57)
(61)
(61)
(70)
(85)
(86)
(87)
(95)
(81)
(88)
(97)
(94)
(108)
(113)
(116)
(126)
(125)
(131)
(129)
(129)
(134)
(130)
(136)
(141)
(186)
(188)
Gross Profit
143
N/A
145
+1%
140
-4%
107
-24%
113
+6%
123
+9%
125
+2%
164
+32%
156
-5%
167
+7%
184
+10%
215
+17%
239
+11%
271
+13%
265
-2%
220
-17%
233
+6%
187
-20%
221
+18%
269
+22%
287
+7%
318
+11%
335
+5%
288
-14%
301
+5%
332
+10%
356
+7%
414
+16%
436
+5%
438
+1%
444
+2%
452
+2%
463
+2%
488
+5%
468
-4%
473
+1%
457
-3%
440
-4%
470
+7%
602
+28%
621
+3%
Operating Income
Operating Expenses
(82)
(87)
(86)
(86)
(90)
(90)
(92)
(93)
(96)
(98)
(106)
(111)
(116)
(125)
(127)
(131)
(133)
(130)
(135)
(145)
(148)
(160)
(167)
(170)
(175)
(175)
(180)
(187)
(199)
(210)
(218)
(222)
(223)
(221)
(218)
(218)
(221)
(223)
(235)
(307)
(307)
Selling, General & Administrative
(44)
(39)
(45)
(45)
(46)
(35)
(47)
(47)
(52)
(39)
(40)
(40)
(38)
(54)
(55)
(57)
(57)
(55)
(56)
(60)
(60)
(66)
(70)
(70)
(72)
(69)
(70)
(74)
(82)
(89)
(93)
(93)
(90)
(86)
(81)
(78)
(79)
(77)
(80)
(105)
(102)
Research & Development
(39)
(41)
(41)
(41)
(44)
(45)
(45)
(46)
(44)
(43)
(44)
(44)
(45)
(49)
(50)
(52)
(54)
(54)
(57)
(63)
(66)
(71)
(75)
(78)
(82)
(84)
(88)
(90)
(95)
(100)
(103)
(107)
(112)
(117)
(122)
(126)
(129)
(130)
(137)
(180)
(183)
Depreciation & Amortization
0
(6)
0
0
0
(11)
0
0
0
(17)
(22)
(28)
(33)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(22)
(20)
(18)
(15)
(13)
(14)
(16)
(18)
(23)
(23)
Operating Income
61
N/A
59
-4%
54
-8%
21
-62%
23
+11%
32
+42%
33
+2%
72
+117%
60
-16%
68
+14%
78
+14%
104
+34%
123
+18%
146
+19%
139
-5%
89
-36%
99
+11%
57
-43%
87
+53%
124
+44%
139
+12%
158
+14%
169
+6%
119
-30%
126
+6%
158
+25%
177
+12%
228
+29%
237
+4%
228
-4%
226
-1%
230
+2%
241
+5%
267
+11%
250
-6%
256
+2%
236
-8%
217
-8%
235
+8%
295
+26%
314
+6%
Pre-Tax Income
Interest Income Expense
1
1
1
1
1
1
1
1
2
2
3
3
3
3
4
5
6
8
9
10
11
11
10
9
7
5
3
2
1
1
1
2
5
8
15
19
24
28
31
44
48
Total Other Income
0
0
0
0
0
0
0
(2)
(2)
(2)
(2)
0
0
0
0
0
0
(0)
0
1
1
1
1
1
1
1
1
1
0
0
0
(0)
(1)
(7)
(7)
(8)
(9)
(0)
(1)
(4)
1
Pre-Tax Income
62
N/A
59
-4%
54
-8%
21
-61%
23
+11%
33
+41%
34
+3%
71
+109%
60
-16%
69
+14%
78
+14%
107
+36%
126
+18%
150
+19%
143
-5%
94
-34%
105
+12%
64
-39%
96
+49%
135
+41%
151
+11%
170
+13%
179
+6%
128
-29%
134
+5%
164
+22%
181
+10%
230
+28%
239
+4%
228
-4%
227
-1%
232
+2%
244
+5%
268
+10%
257
-4%
266
+4%
250
-6%
245
-2%
264
+8%
335
+27%
363
+8%
Net Income
Tax Provision
25
(18)
(15)
(14)
(14)
(18)
(19)
(22)
(20)
(21)
(22)
(25)
(29)
(34)
(32)
(19)
(22)
(7)
(13)
(19)
(21)
(32)
(34)
(25)
(28)
(30)
(34)
(44)
(46)
(44)
(45)
(48)
(53)
(58)
(57)
(58)
(44)
(42)
(44)
(56)
(68)
Income from Continuing Operations
87
42
39
7
10
15
15
49
40
48
57
82
97
115
111
75
84
58
83
116
130
138
145
102
106
133
147
187
192
184
183
184
191
210
200
208
206
203
220
280
295
Net Income (Common)
87
N/A
42
-52%
39
-7%
7
-82%
10
+39%
15
+53%
15
+3%
49
+221%
40
-17%
48
+19%
56
+17%
81
+44%
96
+18%
102
+7%
98
-4%
62
-37%
72
+15%
58
-19%
83
+43%
116
+39%
130
+12%
137
+6%
144
+5%
102
-29%
105
+3%
132
+26%
146
+10%
185
+27%
191
+3%
183
-4%
181
-1%
182
+1%
190
+4%
209
+10%
199
-5%
207
+4%
205
-1%
202
-2%
219
+8%
279
+27%
294
+6%
EPS (Diluted)
1.86
N/A
0.9
-52%
0.85
-6%
0.16
-81%
0.22
+38%
0.31
+41%
0.32
+3%
1.03
+222%
0.85
-17%
1.03
+21%
1.22
+18%
1.7
+39%
2.06
+21%
2.18
+6%
2.08
-5%
1.31
-37%
1.52
+16%
1.24
-18%
1.77
+43%
2.46
+39%
2.76
+12%
2.92
+6%
3.06
+5%
2.12
-31%
2.23
+5%
2.8
+26%
3.08
+10%
3.91
+27%
4.03
+3%
3.87
-4%
3.83
-1%
3.85
+1%
4
+4%
4.4
+10%
4.18
-5%
4.35
+4%
4.31
-1%
4.24
-2%
4.6
+8%
5.85
+27%
6.17
+5%

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