| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 46 | 20.2x | 17.8x | Around median | |
Growth | 45 | -8.3% | 7.1% | Around median | |
Quality | 79 | 9.6% | 4.5% | Top tier | |
Safety | 95 | — | 2.6x | Top tier | |
Capital Return | 74 | 2.27% | 2.12% | Top tier | |
Momentum | 8 | -40.7% | 2.9% | Bottom tier | |
Sentiment | 39 | 6 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Universal Display Corporation develops materials, technologies, and an intellectual property portfolio for the OLED display industry, generating revenue primarily from sales of emissive materials and from royalty and license fees. The company holds more than 7 thousand patents and supports its customers through a global infrastructure that includes its new OLED Technology and Innovation Center in Chengdu, its third innovation center in Asia after Korea and Hong Kong. In Q2 fiscal 2026, material sales were $66 million, including $51 million from green and yellow-green emitters and $15 million from red emitters, while royalty and license revenue was $81 million, and Adhesus generated revenue of $4.8 million.
In Q2 fiscal 2026, the company reported revenue of $152.2 million, gross profit of $115.4 million, and net income of $49.4 million, with earnings per share of $1.06. According to figures from the earnings call, revenue declined from $172 million in Q2 fiscal 2025, net income declined from $67 million, and earnings per share declined from $1.41; the operating margin also fell from 40% to 35%, while the gross margin was 76% versus 77%. In fiscal 2025, the company generated revenue of $650.6 million, gross profit of $496.5 million, and net income of $242.1 million.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus rates OLED as a "Buy," with an average price target of $122.6 and a wide range between $90 and $168. The average target is approximately 20% below the 52-week range high of $153.38, while the highest target exceeds that high and the lowest target remains close to the range low of $76.42, reflecting notable differences in assessments of the impact of near-term demand weakness and OLED expansion opportunities. A price-to-earnings ratio is not available in the provided data, so valuation cannot be assessed using the earnings multiple, while the reduction in the revenue outlook to near the low end of fiscal 2026 guidance remains a counterweight to the Buy consensus.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
The company generates revenue from sales of emissive OLED materials and from royalty and license fees, in addition to the Adhesus business. In Q2 fiscal 2026, material sales were $66 million, compared with $81 million from royalties and licenses and $4.8 million from Adhesus. Material sales included $51 million from green and yellow-green emitters and $15 million from red emitters.
Management said on July 30, 2026, that higher memory component costs and supply constraints were pressuring smartphone volume forecasts. As a result, customer estimates became more cautious, and the company expects revenue to be concentrated near the low end of the $630–670 million range for fiscal 2026. Management explained that the adjustment resulted from lower volume forecasts rather than unusual pressure on material prices, because customer agreements typically extend for approximately 5 years.
Universal Display describes the phosphorescent blue emitter as one of its most important opportunities because of its expected ability to improve energy efficiency. In May 2026, the company presented progress in efficiency, color, operating lifetime, and manufacturability, and LG also demonstrated again a tablet-sized prototype using phosphorescent blue within a hybrid tandem structure. However, management did not specify a commercialization date and said that the timing depends on customers' commercial plans.
Samsung Display and BOE began mass production at their generation 8.6 facilities, while Visionox and TCL China Star continue developing their new projects. Management said that some of the benefit is already included in fiscal 2026 guidance, including the second half. The company expects a greater benefit in fiscal 2027 and beyond, when the facilities operate at mass-production scale for a full year and at higher utilization rates.
The gross margin was 76% and the operating margin was 35% in Q2 fiscal 2026, compared with 77% and 40%, respectively, in the comparable quarter. Material margins were negatively affected by approximately $7 million due to changes in the material and product mix, but management expects them to return in the second half to the historical level of approximately 60%. For fiscal 2026, the company expects a gross margin of between 74% and 76%, and the result during the first half was slightly above 75%.
The company ended Q2 fiscal 2026 with approximately $855 million in cash, cash equivalents, and investments. During the quarter, it repurchased approximately 531 thousand shares for nearly $48 million and declared a Q3 cash dividend of $0.50 per share. During the twelve months ended July 30, 2026, total dividends and share repurchases exceeded $238 million.
