Universal Display Corporation (NASDAQ:OLED) is one of the On May 4, Citi lowered its price target on Universal Display Corporation (NASDAQ:OLED) to $100 from $105.
It retained a “Neutral” rating on the shares
On April 30, Universal Display Corporation (NASDAQ:OLED) reported revenue of $142.2 million for the Q1 of 2026, dropping from $166.3 million the last year, the firm claimed. Material sales produced $83.7 million, while royalty and license fees provided $54.2 million. Both declined because of changes in client mix and reduced unit volume, based on the report.
The company had an operating income of $42.8 million, dipping from $69.7 million, and a gross margin of 75%, down from 77%. Net income was $35.9 million, or $0.76 per diluted share, down from $64.4 million, or $1.35 per share, according to the firm. Image Credit: Pixabay Chief Financial Officer Brian Millard said, “near-term market conditions have become more measured.” The company expected Gen 8.6 capacity additions in Korea and China.