OLED on Nasdaq

Universal Display Corporation

Logo: Universal Display Corporation, Public domain, via Wikimedia Commons4

Developer and manufacturer of OLED technologies

Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries. Founded in 1994, the company currently owns or has license rights to more than 6,500 issued and pending patents worldwide for the commercialization of phosphorescent based OLEDs and also flexible, transparent and stacked OLEDs - for both display and lighting applications.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1994Founded1

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  • TickerOLED on Nasdaq1
  • IndustryOLED, computer hardware industry1
  • HeadquartersEwing Township1
  • Websitewww.udcoled.com
  • Legal formcorporation1
  • Incorporated inPA5
  • Business address250 Phillips Boulevard, Ewing, Nj 086185
  • Filer categoryLarge accelerated filer5

Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

76.3%Gross margin7
38.2%Operating margin7
37.2%Net margin7
0.5%Revenue growth, 20257
13.7%Return on equity7
$154.4MFree cash flow7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Material Sales brought in 54% of the revenue Universal Display Corporation broke down this way in fiscal 2025.

  1. Material Sales$353.0M754%down 3% from 2024
  2. Royalty And License Fees$275.1M742%up 3% from 2024
  3. Contract Research Services$22.5M73%up 46% from 2024
Products and services by year
Products and services202320242025
Material Sales$322.0M$365.4M$353.0M
Royalty And License Fees$238.4M$266.8M$275.1M
Contract Research Services$16.0M$15.4M$22.5M

Regions

South Korea brought in 59% of the revenue Universal Display Corporation broke down this way in fiscal 2025.

  1. South Korea$383.5M759%down 4% from 2024
  2. China$238.2M737%up 4% from 2024
  3. United States$24.4M74%up 70% from 2024
  4. Japan$2.8M70%down 22% from 2024
  5. Other Non U S$1.7M70%down 33% from 2024
Regions by year
Regions202320242025
South Korea$322.5M$397.8M$383.5M
China$229.7M$229.4M$238.2M
United States$12.8M$14.4M$24.4M
Japan$7.0M$3.6M$2.8M
Other Non U S$4.4M$2.5M$1.7M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue23¢$154.1M
  • Research and development22¢$146.1M
  • Selling, general and admin11¢$74.3M
  • Income tax8¢$52.7M
  • Profit36¢$242.1M

Out of $650.6M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Capital spending27¢$56.5M
  • Dividends paid41¢$85.5M
  • Share buybacks16¢$32.9M
  • Kept or used elsewhere17¢$35.9M

Out of $210.8M of cash from operations.7

Financial statements

Revenue8910117$650.6M in 2025+61% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $405.2M$405.2M20192020: $428.9M$428.9M2020+6%2021: $553.5M$553.5M2021+29%2022: $616.6M$616.6M2022+11%2023: $576.4M$576.4M2023−7%2024: $647.7M$647.7M2024+12%2025: $650.6M$650.6M2025+0%
Gross profit8910117$496.5M in 2025+51% since 2019
0$200.0M$400.0M$600.0M2019: $329.8M$329.8M20192020: $343.4M$343.4M2020+4%2021: $438.5M$438.5M2021+28%2022: $488.7M$488.7M2022+11%2023: $441.1M$441.1M2023−10%2024: $499.2M$499.2M2024+13%2025: $496.5M$496.5M2025−1%
Operating income8910117$248.6M in 2025+57% since 2019
0$100.0M$200.0M$300.0M2019: $158.3M$158.3M20192020: $157.5M$157.5M2020−1%2021: $227.6M$227.6M2021+45%2022: $267.1M$267.1M2022+17%2023: $217.2M$217.2M2023−19%2024: $238.8M$238.8M2024+10%2025: $248.6M$248.6M2025+4%
Net income8910117$242.1M in 2025+75% since 2019
0$100.0M$200.0M$300.0M2019: $138.3M$138.3M20192020: $133.4M$133.4M2020−4%2021: $184.2M$184.2M2021+38%2022: $210.1M$210.1M2022+14%2023: $203.0M$203.0M2023−3%2024: $222.1M$222.1M2024+9%2025: $242.1M$242.1M2025+9%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Total revenue$650.6M$647.7M$576.4M
COST OF SALES$154.1M$148.5M$135.4M
Gross margin$496.5M$499.2M$441.1M
Research and development$146.1M$157.2M$130.5M
Selling, general and administrative$74.3M$74.3M$67.4M
Amortization of acquired technology and other intangible assets$18.2M$18.2M$16.0M
Patent costs$8.8M$8.7M$9.4M
Royalty and license expense$504.0K$2.0M$647.0K
Total operating expenses$247.9M$260.4M$223.9M
OPERATING INCOME$248.6M$238.8M$217.2M
Interest income, net$39.7M$40.7M$28.2M
Other and other income, net$6.5M-$7.4M-$184.0K
Interest and other income, net$46.2M$33.3M$28.0M
Income before income taxes$294.8M$272.1M$245.2M
INCOME TAX EXPENSE-$52.7M-$50.0M-$42.2M
NET INCOME$242.1M$222.1M$203.0M
BASIC$5.09$4.66$4.25
DILUTED$5.08$4.65$4.24
BASIC47.5M shares47.5M shares47.6M shares
DILUTED47.7M shares47.7M shares47.6M shares
CASH DIVIDEND DECLARED PER COMMON SHARE$1.80$1.60$1.40

Compare Universal Display Corporation with another company

Leadership

Who has led Universal Display Corporation, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (16)

Products and brands

Products that use UDC technology

Apple began using OLED panels in its watches in 2015 and in its laptops in 2016 with the introduction of an OLED touchbar to the MacBook Pro. In 2017, Apple announced the introduction of their tenth anniversary iPhone X with their own optimized OLED display licensed from Universal Display Corporation. All subsequent iPhones have had OLED displays. Apple has also expanded the use of OLED displays into iPads and also future MacBooks

The Korea Times claimed that Google's wearable display headset Google Glass would use OLED microdisplays made by Samsung Display, with licensed technology from Universal Display.

Sony have announced the 3rd generation of their Heads Up Micro-Displays (HMD) using OLED panels from UDC.

Smartphones

Universal Display's OLED screens are in Samsung's Galaxy S, S II and S III, Galaxy S IV, and Galaxy S5 smartphones.

Read the full text

The Galaxy S4 has a 4.99" Full-HD (1920x1080, 441 PPI) Super AMOLED display behind a Corning Gorilla Glass 3.

Universal Display reported that Samsung Display Corporation (SDC) adopted UDC's green PHOLED (host and emitter) in the 5" Full-HD Super AMOLED display used in the Galaxy S4 smartphone. This is a significant development as the green PHOLED increases energy efficiency of displays by up to 25%

Nokia's Lumia 1020 smartphone and BlackBerry's Q10 and Z30 models have OLED screens.

In October 2013, Samsung released the first ever curved display smartphone called the Galaxy Round. Samsung also introduced the "Roll Effect" where when the phone's screen is off and is rolled, it displays basic information like time or battery percentage. While it is possible to curve LCD screens, analysts say OLED screens provide better technical benefits.

Samsung introduced the Galaxy Round in the Korean market in October 2013. The device features a 1080p screen, measuring 5.7 inches (14 cm), that curves on the vertical axis in a rounded case.

The Galaxy S5, launched in Feb 2014, has a 5-inch Super AMOLED screen.

Smart watches

In September 2013 Samsung unveiled their Galaxy Gear Smartwatch having a 1.6 inch OLED screen and multiple apps to link the watch to an Android smartphone. It originally went on sale in the US in October 2013 for $299 and featured a 1.63" 320x320 (275 PPI) Super AMOLED display.

The LG G Watch R is smartwatch featuring a circular face and an OLED screen.

LG has released a second premium smart watch called the "Urbane" which retails for $590.

OLED displays are expected to dominate the smart watch market with 58% market share.

Apple began using OLED panels in its watches in 2015 and all subsequent watches.

Tablets

Panasonic has showcased a 20-inch OLED screened tablet with a resolution of 4K (3840×2160 pixels).

Samsung has released two Galaxy Tablets using OLED technology. The Galaxy Tab S 10.5 was released with Android 4.4.2 Kitkat.

The Galaxy Tab S 10.5 has a 10.5-inch WQXGA Super AMOLED screen with a resolution of 2560x1600 pixels and a pixel density of 287 ppi.

The Galaxy Tab S 8.4 has an 8.4-inch Full HD Super AMOLED screen with a resolution of 2560x1600 pixels and a pixel density of 359 ppi.

Televisions

Samsung and LG-Display showed 55-inch OLED-Television devices at CES-2012. But both companies had to delay their mass production. Also AUO, Sony and Epson will start AMOLED-TV production in 2014.

In June 2013 Samsung announced the Korean availability of a 55-inch curved OLED HDTV. Priced at 15 million Korean won (around $13,500). Samsung also reiterates the claim LG made when it launched its own curved OLED model that "keeping all parts of the screen an equal distance from the viewer makes for a better viewing experience." By August 2013, Samsung dropped the price of the OLED television by 30% claiming "better yields" in manufacturing.

In September 2013 at the IFA electronics show, Samsung unveiled their 98-inch 4K AMOLED television.

LG showcased an Ultra High Definition (UHD) curved 77inch screen at the IFA electronics show. This is a 4K WRGB OLED screen. In October 2014, LG reported that their Television sales has jumped 20x in volume shipments since 2013.

CNET reviewed the LG 55EC9300 OLED Television in September 2014 and called it "The best. Picture. Ever." Combining the best qualities of LED and Plasma without the disadvantages.

With the arrival of Quantum Dot LCD displays, LG released an article describing why they still see OLED as the future of Television displays: "In fact, OLED technology is the technology that is so much advanced that it should not be compared to an LCD based QD. Hence, even though LG already has the technology to create QD backlighting, it is focusing on developing OLED".

In January 2015, LG Display signed a long-term agreement with UDC for the supply of OLED materials and the right to use their patented OLED emitters. LG is the leader in the push for OLED Televisions.

In 2017, LG revealed five new models of OLED TVs, the flagship model being as thin as 0.9mm.

Technological advantages of OLED

The different manufacturing process of OLEDs lends itself to several advantages over flat panel displays made with current LCD technology.

Lower cost in the futureOLEDs can be printed onto any suitable substrate by an inkjet printer or even by screen printing, theoretically making them cheaper to produce than LCD or plasma displays. However, fabrication of the OLED substrate is more costly than that of a TFT LCD, until mass production methods lower cost through scalability. Roll-to-roll vapour-deposition methods for organic devices do allow mass production of thousands of devices per minute for minimal cost, although this technique also induces problems in that devices with multiple layers can be challenging to make because of registration, lining up the different printed layers to the required degree of accuracy.

Lightweight and flexible plastic substratesOLED displays can be fabricated on flexible plastic substrates leading to the possible fabrication of flexible organic light-emitting diodes for other new applications, such as roll-up displays embedded in fabrics or clothing. As the substrate used can be flexible such as polyethylene terephthalate (PET), the displays may be produced inexpensively.

Wider viewing angles and improved brightnessOLEDs can enable a greater artificial contrast ratio (both dynamic range and static, measured in purely dark conditions) and a wider viewing angle compared to LCDs because OLED pixels emit light directly. OLED pixel colors appear correct and unshifted, even as the viewing angle approaches 90° from normal.

Better power efficiency and thicknessLCDs filter the light emitted from a backlight, allowing a small fraction of light through. So, they cannot show true black. However, an inactive OLED element does not produce light or consume power, thus allowing true blacks. Dismissing the backlight also makes OLEDs lighter because some substrates are not needed. This allows electronics potentially to be manufactured more cheaply, but, first, a larger production scale is needed, because OLEDs still somewhat are niche products. When looking at top-emitting OLEDs, thickness also plays a role when talking about index match layers (IMLs). Emission intensity is enhanced when the IML thickness is 1.3–2.5 nm. The refractive value and the matching of the optical IMLs property, including the device structure parameters, also enhance the emission intensity at these thicknesses.

Response timeOLEDs also can have a faster response time than standard LCD screens. Whereas LCD displays are capable of between 1 and 16 ms response time offering a refresh rate of 60 to 480 Hz, an OLED theoretically can have a response time less than 0.01 ms, enabling a refresh rate up to 100,000 Hz. OLEDs also can be run as a flicker display, similar to a CRT, in order to eliminate the sample-and-hold effect that creates motion blur on OLEDs.

Some disadvantages include:

Power consumptionWhile an OLED will consume around 40% of the power of an LCD displaying an image that is primarily black, for the majority of images it will consume 60–80% of the power of an LCD. However, an OLED can use more than three times as much power to display an image with a white background, such as a document or web site. This can lead to reduced battery life in mobile devices, when white backgrounds are used.

According to OLED Display "Samsung Display uses different Sub Pixel Matrix technologies for their smartphone Super-Amoled Displays. For the Galaxy S4 and S5 they use the Diamond Pixel Matrix."

From Wikipedia’s article on Universal Display Corporation, shared under CC BY-SA 4.0.6

Former names

  • UNIVERSAL DISPLAY CORP \PA\May 28, 1996 to Oct 9, 20265

Timeline

  1. Jan 11, 2008New chief executive Steven Abramson V. becomes CEO15
  2. Jan 4, 2006New chief executive Sherwin I. Seligsohn becomes CEO16
  3. Apr 12, 1996Went public Listed on NASDAQ1
  4. 1994Founded Founded1

Filings

416 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 31 major events, 321 insider forms, 16 large holders, 28 other. The latest 20:

  1. Oct 9, 20264 EDGAR
  2. Oct 2, 20264 EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Oct 2, 20264 EDGAR
  11. Oct 2, 20264 EDGAR
  12. Aug 20, 20264 EDGAR
  13. Aug 18, 2026144 EDGAR
  14. Aug 13, 2026SCHEDULE 13G/A EDGAR
  15. Jul 30, 202610-Q EDGAR
  16. Jul 30, 20268-K EDGAR
  17. Jul 14, 20264 EDGAR
  18. Jul 2, 20264 EDGAR
  19. Jul 2, 20264 EDGAR
  20. Jul 2, 20264 EDGAR

The 416 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

23 open-market trades by officers, directors and large owners since October 2021: 5 buys and 18 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 18, 2026LACERTE LAWRENCEDirectorSale4,967$84.98$422.1KForm 4
May 11, 2026ELIAS RICHARD CDirectorBuy1,000$92.84$92.8KForm 4
May 7, 2026Premutico MauroSVP & CLOBuy3,694$93.40$345.0KForm 4
May 7, 2026ABRAMSON STEVEN VPresident and CEOBuy11,000$93.43$1.0MForm 4
Aug 19, 2025Millard BrianVP/CFOSale2,651$140.75$373.1KForm 4
Nov 4, 2024LACERTE LAWRENCEDirectorBuy742$180.89$134.2KForm 4
Aug 29, 2024ELIAS RICHARD CDirectorSale5,064$192.60$975.3KForm 4
Aug 28, 2024LACERTE LAWRENCEDirectorBuy1,000$187.99$188.0KForm 4
May 8, 2024BROWN JULIA JEVP & Chief Technical OfficerSale10,358$175.00$1.8MForm 4
May 7, 2024Premutico MauroSVP & CLOSale8,202$176.82$1.5MForm 4
Feb 27, 2024LACERTE LAWRENCEDirectorSale7,000$171.32$1.2MForm 4
Sep 6, 2023Premutico MauroSVP & CLOSale9,351$161.17$1.5MForm 4
Aug 9, 2023ELIAS RICHARD CDirectorSale2,000$157.68$315.4KForm 4
Jun 7, 2023BROWN JULIA JEVP & Chief Technical OfficerSale3,450$150.70$519.9KForm 4
Jun 6, 2023BROWN JULIA JEVP & Chief Technical OfficerSale1,764$150.14$264.8KForm 4
May 9, 2023LACERTE LAWRENCEDirectorSale15,000$136.73$2.1MForm 4
Feb 28, 2023LACERTE LAWRENCEDirectorSale21,098$137.56$2.9MForm 4
Nov 14, 2022LACERTE LAWRENCEDirectorSale30,000$110.08$3.3MForm 4
Nov 14, 2022Comparin Cynthia JaneDirectorSale3,628$109.88$398.6KForm 4
Sep 1, 2022ROSENBLATT SIDNEY DDirectorSale50,000$107.25$5.4MForm 4

All 23 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,318,409$373.9M0.0%+28,508
Vanguard Portfolio Management LLC2,971,006$257.3M0.0%+48,953
State Street Corp2,197,143$190.3M0.0%+382,845
Primecap Management Co/ca/2,195,818$190.1M0.1%+8,390
Kayne Anderson Rudnick Investment Management LLC2,166,247$187.6M0.6%−1,051,195
Vanguard Capital Management LLC1,986,898$172.0M0.0%+8,159
First Trust Advisors LP1,471,891$127.5M0.1%+495,468
Marshall Wace, Llp1,340,107$116.0M0.1%+674,225
Geode Capital Management, LLC1,292,818$112.0M0.0%+43,765
Alliancebernstein L.P.1,172,883$107.5M0.0%+101,219
Jpmorgan Chase & Co864,985$74.8M0.0%−838,954
Dimensional Fund Advisors LP854,695$74.0M0.0%+97,529
Franklin Resources Inc821,147$71.1M0.0%+818,572
XXEC, Inc.703,521$63.7M8.3%+316,584
Aqr Capital Management LLC728,128$63.0M0.0%+604,242
Sora Investors LLC701,163$60.7M4.7%+636,163
Brown Advisory Inc693,623$60.1M0.1%+45,356
Morgan Stanley669,924$58.0M0.0%+258,066
Norges Bank581,546$50.4M0.0%New
Copeland Capital Management, LLC553,900$48.0M1.0%−27,876
Wells Fargo & Company/mn466,254$40.4M0.0%−132,024
Adage Capital Partners Gp, L.l.c.459,626$39.8M0.1%+269,500
Charles Schwab Investment Management Inc452,539$39.2M0.0%+35,590
Amundi440,998$38.2M0.0%−18,318
UBS Group AG431,102$37.3M0.0%−166,828

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 20, 2020Alan S. Lowenthal, HouseSale$190+183.4%Report
Oct 20, 2020Alan S. Lowenthal, HouseSale$1,001 - $15,000+183.4%Report
Oct 19, 2020Alan S. Lowenthal, HousePartial sale$192+184.3%Report
Oct 19, 2020Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+184.3%Report
Oct 16, 2020Alan S. Lowenthal, HousePartial sale$191+181.2%Report
Oct 16, 2020Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+181.2%Report
Oct 15, 2020Alan S. Lowenthal, HousePartial sale$192+181.3%Report
Oct 15, 2020Alan S. Lowenthal, HousePartial sale$1,001 - $15,000+181.3%Report
Jul 28, 2020Alan S. Lowenthal, HouseBuy$166−192.6%Report
Jul 28, 2020Alan S. Lowenthal, HouseBuy$1,001 - $15,000−192.6%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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