2023-08-03 16:34:29 ET
- Universal Display press release ( NASDAQ: OLED ): Q2 GAAP EPS of $1.04 beats by $0.28 .
- Revenue of $146.6M (+7.3% Y/Y) beats by $17.86M .
- Revenue from material sales was $77.1 million in the second quarter of 2023 as compared to $71.9 million in the second quarter of 2022. This increase was primarily due to greater sales volumes of our emitter material.
- Revenue from royalty and license fees was $64.4 million in the second quarter of 2023 as compared to $60.3 million in the second quarter of 2022. This increase was primarily the result of higher sales volume of material.
- The Company has increased the lower end of its previous revenue guidance and believes that 2023 revenue will be in the range of $560 million to $600 million vs. $574.02M consensus
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Universal Display GAAP EPS of $1.04 beats by $0.28, revenue of $146.6M beats by $17.86M