UDC reports its financial results for Q2 2022, lowers its 2022 guidance

Universal Display reported its latest financial results, for Q2 2022, with revenues of $136.6 million, an operating profit of $53.3 million and a net income of $41.5 million. These results were less than expected by analysts. The company ended the quarter with $834 million in cash and equivalents.

Universal Display PHOLED materials photo (2020)

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

DSCC: OLED material sales to reach almost $3 billion by 2026

DSCC updated its OLED material market data, and it now sees AMOLED stack material revenues growing at a 18% from 2020 ($1.07 billion) to 2026 ($2.9 billion). If UDC actually manages to release a commercial blue PHOLED, the market could even exceed $3 billion.

OLED material revenues by application (2019-2026, DSCC)

The majority of OLED material revenues from from TV applications, but the market share of mobile devices is expected to grow and reach almost 50% by 2026.

Kyulux explains how narrow-spectrum Hyperfluorescence emission is more efficient than PHOLED emission

Second-generation OLED phosphorescence emission features an internal quantum efficiency of almost 100% - which would normally mean you cannot get more efficient than that.

As Kyulux explains in a recent post, though, phosphorescent suffers from a wide emission spectrum. In order to achieve a good color gamut (for which as narrow-spectrum emission as possible is best) display makers have to filter out the "tail" of the emission. This results in reduced brightness and efficiency.

UDC reported excellent financial results for Q1 2022

Universal Display reported its financial results for Q1 2022, with revenues of $150.5 million and a net income of $50 million. UDC's results were better than expected as the adoption of OLED displays increases in AR/VR, smartphones, foldables, TVs, IT and automotive markets.

UDC RGB PHOLED materials photo

UDC reiterated its estimation that it will be ready to introduce a commercial blue PHOLED material to the market in 2024.

On SEL's ExTET OLED device architecture

In 2016, Researchers from Japan's Semiconductor Energy Laboratory (SEL) announced a new OLED device architecture, called ExTET ('exciplex–triplet energy transfer'), that can increase the performance of OLED devices. The technology was applied for a patent in 2011.

Conventional Vs. EXTeT OLED mechanisms (SEL)

The ExTET technology, which is a modification of the host material and the EML layer in phosphorescent OLED devices, have since been introduced to commercial AMOLED panels, increasing the efficiency and lifetime of the materials, while also lowering the drive voltage.

Universal Display reports its financial results for Q4 2021, hopes to have a commercial blue PHOLED by 2024

Universal Display reported its financial results for Q4 2021. Revenues for the quarter were $146 million, while net income was $46 million

Universal Display PHOLED materials photo (2020)

UDC's 2021 revenues were a record high of $554 million, with a net profit of $184 million. UDC expects the OLED industry to continue to grow in 2022, and the company believes its revenues in 2022 will be between $625 million to $650 million (an increase of 12% - 17%).

Universal Display reports record revenues in Q3 2021

Universal Display reported its financial results for Q3 2021. Revenues were a record $143.6 million, up from $117.1 million in Q3 2020 and net profit was $46.1 million (up from $40.5 million from Q3 2020). The company has about $789 million in cash and equivalents, the it reiterates its full-year 2021 revenue guidance to be between $530 million and $560 million.

UDC RGB PHOLED materials photo

Regarding its blue PHOLED R&D effort, UDC says it is making "excellent progress", and the company believes that a commercial blue material is a question of when and not if.

Kyulux: our green Hyperfluoresence emitter is getting close to commercialization

Hyperfluoresence emitter system developer Kyulux announced that its green material is getting close to commercialization. The company is now working closely with OLED makers, preparing for early adoption.

Kyulux OLEDs World Summit 2021 slide image

Kyulux says that its green emitter has not only met the required performance of OLED panel makers, in terms of efficiency, lifetime and driving voltage - but has actually surpassed the performance of green phosphorescent emitters in top emission devices. The green HF device achieves higher current efficiency, longer lifetime and offers a narrow emission spectrum and can thus enable better chromaticity.

Kyulux reveals its latest TADF material performance

During SID Display Week 2021, Kyulux detailed its latest TADF material performance. The red and green materials are "close to commercialization", and the company reports "excellent progress" with its blue emitter.

Using simulations, Kyulux shows how its Hyperfluorescence system is more efficient than a comparable phosphorescence emitter. While both emitters feature pretty much the same EQE, the narrow spectrum of the HF system which results in higher light intensity and can enable more efficient displays - by around 10%, according to Kyulux.

Kyulux - Hyperfluoresence OLED emittersKyulux - Hyperfluoresence OLED emitters