Overview
Universal Display Q3 revenue of $139.6 mln missed analyst expectations
Net income for Q3 was $44 mln, down from $66.9 mln in 2024
Company revises 2025 revenue guidance to lower end of previous range
Outlook
Company revises 2025 revenue guidance to lower end of previous forecast of $650 mln to $700 mln range
Result Drivers
ROYALTY AND LICENSE FEES - Decrease due to changes in customer mix and a $9.5 mln out-of-period adjustment
MATERIAL SALES - Slight decrease attributed to lower unit material volume and changes in customer mix
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Miss | $139.61 mln | $163.90 mln (6 Analysts) |
Q3 Net Income | $44 mln | ||
Q3 Gross Margin | 75.00% | ||
Q3 Operating Income | $43.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the semiconductors peer group is "buy"
Wall Street's median 12-month price target for Universal Display Corp is $177.06, about 17.1% above its November 5 closing price of $146.75
The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 27 three months ago
Press Release: ID:nBw3m9H1ra
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)