Universal Display (OLED) Q2 2026 Earnings Call Transcript

Universal Display reported Q2 2026 revenue of $152 million, down from $172 million a year earlier, helped by higher customer purchases ahead of anticipated tariff increases. Management updated full-year 2026 guidance to the lower end of a $630 million to $670 million range, citing limited visibility in consumer electronics and cautious customer demand. Materials sales fell to $66 million from $89 million, reflecting lower volumes, changes in customer mix, and catch-up adjustments. Green emitter revenue was $51 million, while red emitters were $15 million. Royalty and license fees rose to $81 million, supported by cumulative catch-up adjustments of about $10 million.