For the twelve months ended Sep 30, 2026, Universal Display Corporation reported $627.73M of revenue and $230.60M of net income.
OLED revenue was $160.43M in fiscal Q3 2026 (ended Sep 30, 2026), up 14.9% from a year earlier and up 5.4% from the prior quarter. For the full fiscal 2025 it was $650.61M, up 0.5% from fiscal 2024. Compound annual growth was +8.7% over 5 years and +13.0% over 10 years. It rose in 8 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
OLED net income was $78.95M in fiscal Q3 2026 (ended Sep 30, 2026), up 79.3% from a year earlier and up 59.7% from the prior quarter. For the full fiscal 2025 it was $242.07M, up 9.0% from fiscal 2024. Compound annual growth was +12.7% over 5 years and +8.8% over 10 years. It rose in 6 of the last 10 fiscal years. Fiscal 2025 is the highest of the 15 fiscal years on file.
OLED diluted EPS was $1.72 in fiscal Q3 2026 (ended Sep 30, 2026), up 87.0% from a year earlier and up 62.3% from the prior quarter. For the full fiscal 2025 it was $5.08, up 9.2% from fiscal 2024. Compound annual growth was +12.7% over 5 years and +8.8% over 10 years.
OLED free cash flow was $95.93M in fiscal Q3 2026 (ended Sep 30, 2026), up 13.8% from a year earlier and up 371.5% from the prior quarter. For the full fiscal 2025 it was $154.36M, down 26.9% from fiscal 2024. Compound annual growth was +5.0% over 5 years and +3.6% over 10 years. It rose in 5 of the last 10 fiscal years.
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $650.61M | $647.68M | $576.43M | $616.62M | $553.52M | $428.87M | $405.18M | $247.41M | $335.63M | $198.89M |
| Cost of revenue | $154.13M | $148.46M | $135.38M | $127.90M | $114.99M | $85.48M | $75.37M | $53.54M | $54.70M | $26.29M |
| Gross profit | $496.49M | $499.22M | $441.05M | $488.72M | $438.53M | $343.39M | $329.80M | $193.87M | $280.93M | $172.60M |
| Research and development | $146.10M | $157.19M | $130.48M | $117.06M | $99.67M | $83.89M | $71.28M | $53.72M | $49.14M | $42.74M |
| Selling, general and admin | $74.32M | $74.29M | $67.39M | $77.89M | $80.37M | $61.35M | $59.61M | $47.00M | $46.81M | $32.88M |
| Operating income | $248.58M | $238.80M | $217.19M | $267.11M | $227.64M | $157.53M | $158.34M | $56.73M | $146.25M | $68.41M |
| Pre-tax income | $294.80M | $272.13M | $245.17M | $268.23M | $228.25M | $163.53M | $169.91M | $64.31M | $149.54M | $68.60M |
| Income tax | $52.72M | $50.05M | $42.16M | $58.17M | $44.03M | $30.16M | $31.60M | $5.47M | $45.65M | $20.53M |
| Net income | $242.07M | $222.08M | $203.01M | $210.06M | $184.21M | $133.37M | $138.30M | $58.84M | $103.89M | $48.07M |
| EPS, basic | $5.09 | $4.66 | $4.25 | $4.41 | $3.87 | $2.80 | $2.92 | $1.24 | $2.19 | $1.02 |
| EPS, diluted | $5.08 | $4.65 | $4.24 | $4.40 | $3.87 | $2.80 | $2.92 | $1.24 | $2.18 | $1.02 |
| Diluted shares | 47.7M | 47.7M | 47.6M | 47.5M | 47.4M | 47.2M | 47.0M | 46.9M | 46.8M | 46.5M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $138.35M | $98.98M | $91.98M | $93.43M | $311.99M | $630.01M | $131.63M | $211.02M | $132.84M | $139.37M |
| Short-term investments | $464.00M | $393.69M | $422.14M | $484.35M | $351.19M | $100.00M | $514.46M | $304.32M | $287.45M | $188.64M |
| Receivables | $119.95M | $113.65M | $139.85M | $92.66M | $107.64M | $82.26M | $60.45M | $43.13M | $52.35M | $24.99M |
| Inventory | $240.91M | $182.94M | $175.79M | $183.22M | $134.16M | $91.59M | $63.95M | $70.00M | $36.27M | $17.31M |
| Current assets | $1.09B | $899.83M | $917.13M | $899.45M | $925.93M | $924.61M | $792.44M | $634.84M | $519.18M | $385.37M |
| Goodwill | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M |
| Total assets | $1.96B | $1.83B | $1.67B | $1.53B | $1.47B | $1.27B | $1.12B | $933.42M | $779.96M | $627.56M |
| Current liabilities | $108.01M | $125.41M | $118.82M | $135.70M | $187.94M | $164.96M | $161.51M | $133.18M | $63.82M | $40.21M |
| Total liabilities | $202.74M | $215.81M | $221.74M | $257.45M | $367.00M | $356.51M | $308.71M | $242.92M | $120.90M | $99.09M |
| Shareholders' equity | $1.76B | $1.62B | $1.45B | $1.28B | $1.10B | $912.71M | $811.45M | $690.51M | $659.05M | $528.47M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $210.83M | $253.74M | $154.78M | $126.81M | $191.10M | $148.79M | $193.91M | $121.80M | $133.37M | $80.34M |
| Capital expenditures | $56.47M | $42.64M | $59.79M | $42.50M | $43.16M | $27.99M | $30.06M | $25.39M | $29.80M | $7.30M |
| Free cash flow | $154.36M | $211.10M | $94.98M | $84.32M | $147.94M | $120.80M | $163.85M | $96.41M | $103.56M | $73.04M |
| Investing cash flow | -$45.48M | -$164.41M | -$83.29M | -$280.74M | -$457.75M | $391.26M | -$238.71M | -$21.00M | -$125.58M | -$38.47M |
| Financing cash flow | -$125.98M | -$82.33M | -$72.93M | -$64.64M | -$51.37M | -$41.66M | -$34.59M | -$22.61M | -$14.31M | -$14.0K |
| Dividends paid | $85.55M | $76.17M | $66.73M | $57.00M | $37.93M | $28.45M | $18.85M | $11.31M | $5.65M | - |
| Share repurchases | $32.88M | $0 | $0 | - | $0 | $0 | $649.0K | $477.0K | - | - |
| Stock-based compensation | $28.23M | $30.03M | $24.11M | $29.95M | $34.87M | $26.63M | $16.15M | $12.43M | $12.28M | $11.37M |
| Line item | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 0.5% | 12.4% | -6.5% | 11.4% | 29.1% | 5.8% | 63.8% | -26.3% | 68.8% | 4.1% |
| Net income growth, YoY | 9.0% | 9.4% | -3.4% | 14.0% | 38.1% | -3.6% | 135.1% | -43.4% | 116.1% | -53.7% |
| EPS growth, YoY | 9.2% | 9.7% | -3.6% | 13.7% | 38.2% | -4.1% | 135.5% | -43.1% | 113.7% | -53.2% |
| Gross margin | 76.3% | 77.1% | 76.5% | 79.3% | 79.2% | 80.1% | 81.4% | 78.4% | 83.7% | 86.8% |
| Operating margin | 38.2% | 36.9% | 37.7% | 43.3% | 41.1% | 36.7% | 39.1% | 22.9% | 43.6% | 34.4% |
| Net margin | 37.2% | 34.3% | 35.2% | 34.1% | 33.3% | 31.1% | 34.1% | 23.8% | 31.0% | 24.2% |
| Free cash flow margin | 23.7% | 32.6% | 16.5% | 13.7% | 26.7% | 28.2% | 40.4% | 39.0% | 30.9% | 36.7% |
| Return on equity | 13.7% | 13.7% | 14.0% | 16.5% | 16.7% | 14.6% | 17.0% | 8.5% | 15.8% | 9.1% |
| Return on assets | 12.3% | 12.1% | 12.2% | 13.7% | 12.6% | 10.5% | 12.3% | 6.3% | 13.3% | 7.7% |
| Current ratio | 10.06 | 7.18 | 7.72 | 6.63 | 4.93 | 5.61 | 4.91 | 4.77 | 8.13 | 9.58 |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $160.43M | $152.16M | $142.21M | $172.93M | $139.61M | $171.79M | $166.28M | $162.29M | $161.63M | $158.50M | $165.26M | $158.32M |
| Cost of revenue | $43.08M | $36.79M | $36.12M | $41.30M | $35.49M | $39.20M | $38.13M | $37.35M | $35.81M | $38.33M | $36.97M | $36.02M |
| Gross profit | $117.36M | $115.37M | $106.09M | $131.63M | $104.12M | $132.59M | $128.14M | $124.94M | $125.81M | $120.18M | $128.29M | $122.30M |
| Research and development | $36.35M | $34.97M | $35.25M | $38.50M | $36.34M | $36.36M | $34.90M | $46.29M | $36.09M | $36.83M | $37.98M | $33.64M |
| Selling, general and admin | $20.89M | $18.57M | $20.03M | $18.82M | $18.04M | $20.44M | $17.01M | $19.53M | $15.66M | $19.84M | $19.25M | $16.83M |
| Operating income | $53.70M | $53.65M | $42.75M | $67.24M | $43.14M | $68.54M | $69.66M | $52.49M | $67.00M | $56.44M | $62.87M | $64.75M |
| Pre-tax income | $99.17M | $61.00M | $45.29M | $76.67M | $54.14M | $83.88M | $80.12M | $55.33M | $81.42M | $64.89M | $70.50M | $75.61M |
| Income tax | $20.22M | $11.58M | $9.40M | $10.32M | $10.11M | $16.61M | $15.67M | $9.31M | $14.55M | $12.55M | $13.64M | $13.63M |
| Net income | $78.95M | $49.42M | $35.90M | $66.34M | $44.02M | $67.26M | $64.44M | $46.02M | $66.87M | $52.34M | $56.85M | $61.98M |
| EPS, basic | $1.73 | $1.06 | $0.76 | $1.40 | $0.93 | $1.41 | $1.35 | $0.97 | $1.40 | $1.10 | $1.19 | $1.30 |
| EPS, diluted | $1.72 | $1.06 | $0.76 | $1.40 | $0.92 | $1.41 | $1.35 | $0.96 | $1.40 | $1.10 | $1.19 | $1.29 |
| Diluted shares | 45.8M | 46.7M | 47.2M | - | 47.7M | 47.7M | 47.7M | - | 47.7M | 47.6M | 47.6M | - |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $93.45M | $120.56M | $159.35M | $138.35M | $121.61M | $95.80M | $157.47M | $98.98M | $79.56M | $92.86M | $74.01M | $91.98M |
| Short-term investments | $340.02M | $350.75M | $357.06M | $464.00M | $481.37M | $429.40M | $413.81M | $393.69M | $471.99M | $437.67M | $465.29M | $422.14M |
| Receivables | $89.18M | $126.20M | $93.63M | $119.95M | $74.21M | $147.04M | $139.56M | $113.65M | $87.69M | $124.39M | $119.58M | $139.85M |
| Inventory | $236.87M | $249.65M | $248.21M | $240.91M | $212.62M | $208.20M | $197.40M | $182.94M | $175.96M | $171.84M | $172.91M | $175.79M |
| Current assets | $900.28M | $941.76M | $932.28M | $1.09B | $1.04B | $1.01B | $1.02B | $899.83M | $941.85M | $959.48M | $921.27M | $917.13M |
| Goodwill | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M | $15.54M |
| Total assets | $1.88B | $1.89B | $1.89B | $1.96B | $1.95B | $1.93B | $1.86B | $1.83B | $1.81B | $1.78B | $1.68B | $1.67B |
| Current liabilities | $119.10M | $110.82M | $97.76M | $108.01M | $108.64M | $125.56M | $113.10M | $125.41M | $131.16M | $152.00M | $94.98M | $118.82M |
| Total liabilities | $212.91M | $203.77M | $190.74M | $202.74M | $202.65M | $217.09M | $205.16M | $215.81M | $224.13M | $249.72M | $198.81M | $221.74M |
| Shareholders' equity | $1.67B | $1.68B | $1.70B | $1.76B | $1.74B | $1.71B | $1.66B | $1.62B | $1.59B | $1.53B | $1.48B | $1.45B |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $100.20M | $24.98M | $108.88M | $31.15M | $97.18M | $51.94M | $30.56M | $34.71M | $79.86M | $67.01M | $72.16M | $37.07M |
| Capital expenditures | $4.27M | $4.63M | $8.61M | $16.09M | $12.85M | $14.48M | $13.06M | $12.68M | $13.63M | $9.13M | $7.21M | $7.58M |
| Free cash flow | $95.93M | $20.35M | $100.27M | $15.06M | $84.34M | $37.46M | $17.50M | $22.04M | $66.23M | $57.88M | $64.95M | $29.49M |
| Investing cash flow | -$27.31M | $7.08M | $9.87M | $39.50M | -$50.49M | -$92.66M | $58.17M | $2.73M | -$73.67M | -$29.29M | -$64.18M | -$7.92M |
| Financing cash flow | -$100.01M | -$70.85M | -$97.75M | -$53.91M | -$20.89M | -$20.95M | -$30.24M | -$18.02M | -$19.48M | -$18.88M | -$25.95M | -$16.48M |
| Dividends paid | $22.70M | $23.20M | $23.47M | $21.33M | $21.40M | $21.40M | $21.42M | $18.33M | $19.20M | $19.20M | $19.53M | $16.65M |
| Share repurchases | $77.74M | $48.10M | $67.12M | $32.88M | $0 | $0 | $0 | - | - | - | - | - |
| Stock-based compensation | $6.39M | $4.91M | $7.55M | $5.34M | $6.47M | $9.34M | $7.08M | $6.22M | $5.29M | $9.35M | $9.17M | $5.49M |
| Line item | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue growth, YoY | 14.9% | -11.4% | -14.5% | 6.6% | -13.6% | 8.4% | 0.6% | 2.5% | 14.6% | 8.1% | 26.7% | -6.3% |
| Net income growth, YoY | 79.3% | -26.5% | -44.3% | 44.2% | -34.2% | 28.5% | 13.4% | -25.7% | 29.8% | 5.4% | 42.7% | -4.8% |
| EPS growth, YoY | 87.0% | -24.8% | -43.7% | 45.8% | -34.3% | 28.2% | 13.4% | -25.6% | 29.6% | 5.8% | 43.4% | -5.1% |
| Gross margin | 73.1% | 75.8% | 74.6% | 76.1% | 74.6% | 77.2% | 77.1% | 77.0% | 77.8% | 75.8% | 77.6% | 77.2% |
| Operating margin | 33.5% | 35.3% | 30.1% | 38.9% | 30.9% | 39.9% | 41.9% | 32.3% | 41.5% | 35.6% | 38.0% | 40.9% |
| Net margin | 49.2% | 32.5% | 25.2% | 38.4% | 31.5% | 39.2% | 38.8% | 28.4% | 41.4% | 33.0% | 34.4% | 39.1% |
| Free cash flow margin | 59.8% | 13.4% | 70.5% | 8.7% | 60.4% | 21.8% | 10.5% | 13.6% | 41.0% | 36.5% | 39.3% | 18.6% |
| Current ratio | 7.56 | 8.50 | 9.54 | 10.06 | 9.55 | 8.05 | 9.00 | 7.18 | 7.18 | 6.31 | 9.70 | 7.72 |
Source: XBRL data Universal Display Corporation files with the SEC, latest filing dated Oct 28, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.
* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.
Per-share figures are as filed. The filings show no stock split in these periods.
EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.
| Company | Revenue | Growth | Net income | Net margin | Market cap |
|---|---|---|---|---|---|
| OLED | $627.73M | -1.9% | $230.60M | 36.7% | $4.05B |
| APH | $33.05B | +57.6% | $5.93B | 18.0% | $199.29B |
| TER | $5.00B | +74.9% | $1.37B | 27.5% | $38.41B |
| FLEX | $30.95B | +17.5% | $1.04B | 3.4% | $28.88B |
| VLTO | $5.80B | +6.4% | $1.00B | 17.3% | $28.70B |
| CLS | $18.23B | +61.6% | $1.25B | 6.8% | $28.11B |
| JBL | $35.95B | +20.6% | $1.04B | 2.9% | $26.01B |
| HUBB | $6.59B | +16.0% | $908.90M | 13.8% | $23.33B |
| LFUS | $2.76B | +18.7% | $37.79M | 1.4% | $9.80B |