Universal Display Corporation
Description
Universal Display Corporation engages in the research, development, and commercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lighting applications in the United States and internationally. The company offers PHOLED technologies and materials for displays and lighting products under the UniversalPHOLED brand. It is also involved in the research, development, and commercialization of other OLED device and manufacturing technologies, including FOLED that are flexible OLEDs for the fabrication of OLEDs on flexible substrates; and OVJP, an organic vapor jet printing technology. In addition, the company provides technology development and support services, including third-party collaboration and support to third parties for the commercialization of their OLED products; and contract research services in the areas of chemical synthesis research, development, and commercialization for non-OLED applications, as well as engages in the intellectual property and technology licensing activities. Universal Display Corporation was founded in 1985 and is headquartered in Ewing, New Jersey.
About
CEO
Mr. Steven V. Abramson
Employees
456
Instrument type
Common Stock
Sector
Technology
Industry
Electronic Components
MIC code
XNGS
Address
250 Phillips Boulevard, Ewing, NJ 08618, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 28, 2025 | — | — | — | — |
| Jul 30, 2025 | — | — | — | — |
| May 1, 2025 | — | — | — | — |
| Feb 20, 2025 | 1.08 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 8 |
| Average estimate | — | 1.09 | — | 5.20 |
| Low estimate | — | 0.96 | — | 4.45 |
| High estimate | — | 1.21 | — | 5.96 |
| Last year EPS | — | 1.19 | — | 4.78 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-16.540%
Next qtr. (Mar 2025)
0.120%
Current year
12.570%
Next year (Dec 2025)
14.220%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 576.43M | 616.62M | 553.53M | 428.87M | 405.18M |
| Cost of revenue | 135.38M | 127.90M | 114.99M | 85.48M | 75.37M |
| Gross profit | 441.05M | 488.72M | 438.53M | 343.39M | 329.80M |
| Operating expense | |||||
| Research & development | 130.48M | 117.06M | 99.67M | 83.89M | 71.28M |
| Selling general and admin | 67.39M | 77.89M | 80.37M | 61.35M | 59.61M |
| Other operating expenses | 10.00M | 9.21M | 8.85M | 18.65M | 18.61M |
| Operating income | 217.19M | 267.11M | 227.64M | 157.53M | 158.34M |
| Non operating interest income | |||||
| Income | 28.17M | 7.81M | 505,000 | 5.14M | 10.80M |
| Expense | — | — | — | — | — |
| Other income expense | -184,000 | -6.69M | 98,000 | 864,000 | 767,000 |
| Pretax income | 245.17M | 268.23M | 228.25M | 163.53M | 169.91M |
| Tax provision | 42.16M | 58.17M | 44.03M | 30.16M | 31.60M |
| Net income | 203.01M | 210.06M | 184.21M | 133.37M | 138.30M |
| Basic EPS | 4.25 | 4.41 | 3.87 | 2.80 | 2.92 |
| Diluted EPS | 4.24 | 4.40 | 3.87 | 2.80 | 2.92 |
| Basic average shares | 47.56M | 47.39M | 47.30M | 47.20M | 46.96M |
| Diluted average shares | 47.56M | 47.39M | 47.30M | 47.20M | 46.96M |
| EBITDA | 260.59M | 309.38M | 269.61M | 194.71M | 192.76M |
| Net income from continuing op. | 203.01M | 210.06M | 184.21M | 133.37M | 138.30M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | 993,000 | 1.22M | 1.14M | 1.00M | 1.11M |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 1.67B | 1.53B | 1.47B | 1.27B | 1.12B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 91.99M | 93.43M | 311.99M | 630.01M | 131.63M |
| Other short term investments | 422.14M | 484.35M | 351.19M | 100.00M | 514.46M |
| Accounts receivable | 139.85M | 92.66M | 107.64M | 82.26M | 60.45M |
| Other receivables | — | — | — | — | — |
| Inventory | 175.80M | 183.22M | 134.16M | 91.59M | 63.95M |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 87.37M | 45.79M | 20.95M | 20.75M | 21.95M |
| Non current assets | |||||
| Properties | 24.91M | 31.49M | 30.61M | 8.75M | — |
| Land and improvements | 12.23M | 2.64M | 2.64M | 2.64M | 2.64M |
| Machinery furniture equipment | 167.44M | 147.77M | 123.39M | 94.80M | 82.32M |
| Construction in progress | 22.49M | 10.57M | 18.66M | 23.59M | 12.19M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -143.91M | -117.12M | -92.46M | -72.49M | -57.28M |
| Goodwill | 128.27M | 77.70M | 90.45M | 112.01M | 133.92M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 97.20M | 46.63M | 59.38M | 80.94M | 102.85M |
| Investments and advances | 299.55M | 259.86M | 168.08M | 5.00M | 5.00M |
| Other non current assets | 139.49M | 136.41M | 138.55M | 132.29M | 116.47M |
| Total liabilities | 221.74M | 257.45M | 367.01M | 356.51M | 308.71M |
| Current liabilities | |||||
| Accounts payable | 10.93M | 9.52M | 14.96M | 13.80M | 13.30M |
| Accrued expenses | 22.62M | 19.25M | 17.79M | 19.26M | 18.73M |
| Short term debt | — | — | — | — | — |
| Deferred revenue | 47.71M | 45.60M | 120.86M | 105.22M | 97.33M |
| Tax payable | — | — | — | — | — |
| Pensions | 29.46M | 31.75M | 27.69M | 22.15M | 30.30M |
| Other current liabilities | 8.10M | 29.58M | 6.65M | 4.54M | 1.86M |
| Non current liabilities | |||||
| Long term debt | 22.86M | 29.04M | 27.26M | 6.88M | — |
| Provision for risks and charges | 15.75M | 14.59M | 47.79M | 48.87M | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 54,000 | 54,000 | 1.02M | 192,000 | 48.55M |
| Shareholders equity | |||||
| Common stock | 487,000 | 491,000 | 491,000 | 490,000 | 489,000 |
| Retained earnings | 789.55M | 653.28M | 500.21M | 353.93M | 249.00M |
| Other shareholders equity | -1.09M | -18.45M | -18.24M | -36.02M | -17.00M |
| Total shareholders equity | 1.45B | 1.28B | 1.10B | 912.71M | 811.45M |
| Additional paid in capital | 699.55M | 681.34M | 658.73M | 635.60M | 620.24M |
| Treasury stock | 41.28M | 41.28M | 41.28M | 41.28M | 41.28M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||
| Net Income | 203.01M | 210.06M | 184.21M | 133.37M | 138.30M | 58.84M | 103.89M | 48.07M | 14.68M | 41.85M | 74.05M | 9.66M | 3.16M | -19.92M | -20.51M | -19.14M | -15.98M | -15.19M | -15.80M | -15.78M | -17.35M | -31.02M | -16.36M | -9.53M | -5.13M | -2.79M | -5.93M | -1.80M | -3.10M |
| Depreciation | 43.40M | 42.27M | 41.96M | 37.19M | 34.42M | 30.57M | 26.90M | 20.76M | 14.09M | 13.07M | 13.02M | 6.85M | 1.50M | 2.94M | 3.76M | 3.64M | 3.16M | 3.37M | 3.24M | 3.07M | 3.80M | 16.59M | 4.51M | 1.05M | 56,368 | 27,879 | 27,398 | — | — |
| Deferred Taxes | -3.77M | -26.95M | 1.75M | -4.45M | -5.78M | -12.81M | 24.40M | 3.09M | 7.14M | 9.11M | -41.42M | -11,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 24.11M | 29.95M | 36.28M | 28.28M | 17.70M | 16.80M | 14.89M | 13.09M | 10.46M | 8.27M | 6.89M | 5.04M | 5.76M | 5.93M | 3.92M | 4.41M | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | -225.55M | -184.00M | -135.37M | -68.91M | -10.60M | -7.41M | -8.99M | -4.27M | -5.88M | -5.28M | -3.27M | -3.72M | 1.17M | -294,857 | 5.10M | 6.02M | — | — | — | — | — | — | — | 100,000 | -100,000 | — | — |
| Accounts Receivable | -47.19M | 14.98M | -25.38M | -21.81M | -17.32M | 9.23M | -27.36M | 1.21M | -2.65M | -6.42M | -7.00M | 2.07M | -3.48M | -3.90M | -893,811 | -55,028 | -282,153 | -169,164 | 644,180 | -1.78M | -142,780 | -121,967 | -228,779 | -44,653 | -145,482 | 18,331 | -140,272 | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -60.37M | -152.61M | -58.12M | 166.70M | 141.33M | 84.55M | -16.65M | -741,000 | 42.45M | -22.45M | 509,000 | -6.11M | 1.03M | 1.15M | 1.53M | 4.08M | -618,460 | 1.02M | 3.73M | 907,978 | 334,241 | 3.93M | 467,347 | 268,647 | 34,030 | -45,754 | -13,369 | -200,000 | — |
| Operating Cash Flow | 159.20M | 117.70M | -44.85M | 155.29M | 173.28M | 118.27M | 115.47M | 78.07M | 77.17M | 39.17M | 40.17M | 12.21M | 4.69M | -17.52M | -11.02M | -7.36M | -8.62M | -4.95M | -8.19M | -13.58M | -13.36M | -10.63M | -11.61M | -8.25M | -5.18M | -2.69M | -6.15M | -2.00M | -3.10M |
| Investing Activities | |||||||||||||||||||||||||||||
| Capital Expenditures | -59.79M | -42.50M | -43.16M | -27.99M | -30.06M | -25.39M | -29.80M | -7.30M | -5.10M | -6.15M | -4.71M | -2.74M | -2.62M | -369,000 | -258,761 | -1.28M | -1.23M | -2.35M | -5.66M | -7.42M | -957,328 | -1.17M | -1.75M | -1.15M | -3.23M | -26,689 | -23,287 | -100,000 | — |
| Net Intangibles | -66.56M | -4.71M | -394,000 | -60,000 | -401,000 | — | — | -95.99M | — | — | -359,000 | -109.10M | -440,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | — | — | — | -33.38M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | -531.10M | -701.99M | -642.18M | -604.15M | -931.85M | -628.79M | -594.28M | -450.28M | -691.88M | -408.97M | -362.84M | -304.50M | -337.44M | -91.39M | -61.35M | -96.86M | -61.34M | -24.37M | -22.79M | -48.65M | -19.22M | -6.90M | -7.10M | -3.37M | -7.78M | -270,932 | -5.02M | -2.40M | — |
| Sale of Investments | 574.17M | 468.46M | 227.98M | 1.02B | 723.60M | 633.18M | 498.51M | 548.47M | 638.41M | 372.82M | 313.13M | 380.25M | 156.72M | 79.93M | 69.63M | 98.74M | 29.89M | 25.59M | 32.39M | 36.16M | 8.11M | 6.36M | 5.28M | 4.96M | 4.00M | 4.28M | 2.91M | — | — |
| Investing Cash Flow | -16.73M | -276.03M | -457.36M | 391.32M | -238.31M | -21.00M | -125.58M | 57.52M | -58.57M | -42.31M | -54.42M | 73.02M | -183.35M | -11.83M | 8.03M | 600,444 | -32.67M | -1.13M | 3.95M | -19.92M | -12.06M | 13.45M | -18.73M | 416,737 | -7.00M | 3.99M | -2.13M | -2.50M | — |
| Financing Activities | |||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -8.21M | -9.21M | -14.95M | -14.39M | -15.98M | -11.62M | -9.43M | -638,000 | -5.34M | -2.84M | -3.27M | -4.14M | -4.47M | -1.17M | -868,557 | -771,555 | -657,485 | — | 4.20M | -4.20M | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | -72.93M | -64.64M | -51.37M | -41.66M | -34.59M | -22.61M | -14.35M | -199,000 | -4.98M | -32.02M | -8.38M | -9.02M | 245.46M | -921,000 | -738,373 | -771,555 | 45.88M | 6.28M | 12.62M | 27.25M | 16.03M | 8.16M | 11.61M | 12.22M | 11.03M | 5,263 | 4.02M | 5.50M | 1.90M |
| Other Cash Details | |||||||||||||||||||||||||||||
| End Cash Position | 91.99M | 93.43M | 311.99M | 630.01M | 131.63M | 211.02M | 132.84M | 139.37M | 97.51M | 45.42M | 70.59M | 85.92M | 111.80M | 20.37M | 22.70M | 28.32M | 33.87M | 31.10M | 30.65M | 18.93M | 14.07M | 15.91M | 7.88M | 7.70M | 1.56M | 1.83M | 85,470 | — | — |
| Income Tax Paid | 96.18M | 72.35M | 52.65M | 36.27M | 46.60M | 17.77M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 28.42M | 79.61M | 147.55M | 120.74M | 163.45M | 96.41M | 103.56M | -22.95M | 108.51M | 41.12M | 39.92M | -94.09M | 13.35M | -4.57M | -14.87M | -9.06M | -11.67M | -7.05M | -6.00M | -14.38M | -6.75M | -5.93M | -9.45M | -7.65M | -7.53M | -2.27M | -2.46M | -2.50M | -1.90M |
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