OLED
Universal Display Corporation

Universal Display CorporationOLED

Technology · Electronic Components
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Nov 04, 2026
OLED overview ready
Universal Display licenses a substantial portfolio of phosphorescent-emitter and display-technology intellectual property and supplies proprietary organic emitter materials used by display-panel manufacturers.
Narrative is still early
Exposed to the Advanced Emissive Display Adoption narrative through Premium IT and Automotive Emissive-Display Capacity Buildout — bottleneck supplier.
Price action is under distribution
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
Valuation not measured
Fundamentals not measured
Primary risk
Dependence on adoption rates of OLED technology by manufacturers.
Market Nov 4Filing Sep 30Price action Nov 4Research Nov 4

Conviction Level

CompanyFit8.0PriceAction8.9Valuation—BusinessPerformance5.0CompanyPosition7.3BusinessQuality8.5Mixed — Revenue growth has accelerated across 3 consecutive quarters, rising from -15% to +15% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations. — From filed financial statements. Describes the recent trajectory of the business, not the stock, and is not a Conviction input.

Conviction uses Company Fit, Price Action, Valuation, Business Quality. Business Performance and Company Position are research context, not inputs.

Theme leadershipGroup context · not a Conviction input
No economic group yet — pending research
Price
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Price Action

Price action is under distribution
Longer-term context reads early recovery, with a near-term setup of reclaim attempt.
EntryReset + recovery

The stock is still rebuilding below its long-term weekly base, and the recent reset toward the daily SMA200 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Avg Volume (60D)
786.3K
60 sessions
Revenue Growth YoY
+0.5%
FY2025 vs FY2024
Gross Margin
+74.9%
Trailing twelve months
Operating Margin
+34.6%
Trailing twelve months
Distance from 200DMA
-1.2%
Market metrics as of Nov 4, 2026
Financial results for the period ended Sep 30, 2026
Filed balance-sheet data as of Sep 30, 2026

Business Performance

Mixed

Revenue growth has accelerated across 3 consecutive quarters, rising from -15% to +15% year over year. Reported earnings improved faster than operating income, so most of the improvement did not come from operations.

Latest reported: Q3 FY2026, ended Sep 30
Revenue growthAccelerating
+15%
$160M in Q3 FY2026 · YoY
YoY growth, last 4 quarters
  1. +6.6%
  2. -15%
  3. -11%
  4. +15%
Earnings growthAccelerating
+87%
Diluted EPS $1.72 vs $0.92 a year earlier · GAAP
Diluted EPS YoY (GAAP), last 4 quarters
  1. +45%
  2. -44%
  3. -25%
  4. +87%
Operating marginStable
33.5%
+2.6 pp YoY · gross margin 73.2% (-1.4 pp)
Earnings improved more than operations did
The comparison is against a weak year-ago quarter

Fundamentals & Valuation

No valuation has been published for this company yet.

Company Research

Thesis
Universal Display licenses a substantial portfolio of phosphorescent-emitter and display-technology intellectual property and supplies proprietary organic emitter materials used by display-panel manufacturers.
Opportunity
Moderate opportunity
Panel manufacturers and device OEMs are expanding high-value emissive-display capacity and adoption in notebooks, tablets, monitors, automotive displays, foldables and other premium form factors, supported by new large-substrate production lines and demand for differentiated visual performance and power efficiency.
Key risk
Dependence on adoption rates of OLED technology by manufacturers.

Economic classification

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Business & Markets

Technology · Electronic Components
What they do

Universal Display Corporation researches, develops, and commercializes OLED technologies and materials for display and solid-state lighting applications, licensing its proprietary technologies to manufacturers.

How it earns

The company generates revenue primarily through licensing fees and royalties from its OLED technology and materials.

Products & services
Phosphorescent OLED (PHOLED) technologies and materials
Flexible OLEDs (FOLED)
Organic vapor jet printing (OVJP) technology
Technology development and support services
Customers & end markets
Display manufacturers
Solid-state lighting manufacturers
Market position

Leader in OLED technology development and licensing with proprietary PHOLED and FOLED technologies.

Demand drivers
Medium cyclicality

Demand for OLED components is linked to consumer electronics and lighting market cycles.