Universal Display (UDC) logoUniversal Display (UDC) is an OLED research company, and one of the field's pioneers. UDC is involved in OLED IP, and holds many patent related to the commercialization of phosphorescent based OLEDs and also flexible, transparent and stacked OLEDs - for both display and lighting applications. The company offers both emitting and host materials.

UDC licenses its OLED production IP, and also sells OLED chemicals. UDC lists Samsung, LG, Pioneer, Panasonic Idemitsu OLED lighting and Konica Minolta as its licensees. UDC is working with many other companies, including Sony, DuPont and Novaled. Back in 2009 UDC claimed that "virtually All AMOLEDs on the market use our technology".

UDC trades in the NASDAQ (ticker: OLED). We posted a Q&A article with the company's director of communication in April 2014.

Company Address: 
375 Phillips Boulevard
Ewing, NJ 08618
United States

The latest UDC news:

USC researchers develop copper-based OLED emitters that could pave the way to an efficient long-lasting blue OLED

Researchers from the University of Southern California (USC) led by Mark E. Thompson (who was the first to report on efficient phosphorescent OLEDs, later commercialized at UDC) developed a new copper-based phosphorescent OLED emitter compound, that could have several advantages to the currently-used iridium compounds.

USC rigid copper OLED emitter compound photo

The researchers say that copper-based emitters could be cheaper (as iridium is an expensive and rare element) - but more importantly could be the key to develop an efficient and long-lasting blue OLED emitter.

UDC signs an OLED materials evaluation agreement with OLED microdisplay maker Seeya Technology

Universal Display announced an OLED evaluation agreement with China-based OLED Microdisplay producer Seeya Information Technology. UDC will supply Seeya with its phosphorescent OLED materials for display applications. The two companies did not disclose any more details.

In September 2017 Seeya announced plans to build an OLED microdisplay production line in Hefei, China. Seeya's fab will have a yearly capacity of 20 million displays, and will require an investment of almost $300 million USD.

UDC reports disappointing Q3 2018 financial results

Universal Display reported its financial results for Q3 2018. Revenues increased 26% from last year, to reach $77.6 million (material sales increased 9% to $51.2 million). Net income was $22.8 million (up from $13.5 million in Q3 2017).

UDC PHOLED materials photo (2017)

UDC lowered its 2018 revenue guidance to $240-250 million. Even though the market has picked up in the quarter for its major customers (SDC and LGD), UDC's revenues and guidance disappointed investors.

Universal Display reports its Q2 2018 financial results

Universal Display reported its financial results for Q2 2018 - with revenues of $56.1 million and a net profit of $10.8 million (without the impact of UDC's new accounting system, the revenues would have been $73.6 million and the net income $25.1 million).

UDC says that the first quarter was the bottom for material shipments for 2018, in Q2 materials sales improved and the company believes that the second half of 2018 will see more growth as it anticipates new OLED smartphones from leading brands - including Apple, Google, Samsung and more. UDC estimates that for 2019, the install base of OLED capacity by meters will increase by around 50% compared to 2017.

Visionox signs a long-term license agreement with Universal Display

China-based OLED producer Visionox signed a long-term licensing and material purchase agreements with Universal Display. UDC will supply its phosphorescent OLED materials to Visionox. UDC did not disclose the details or financial terms of these agreements. This follows the evaluation agreement signed by UDC and Visionox in February 2018.

Visionox is producing PMOLEDs, AMOLEDs and flexible AMOLEDs, and the company demonstrated some very impressive displays at SID Displayweek last month. Last month Visionox announced that it has started to produce flexible OLEDs at its new 6-Gen fab in Hebei.

UDC reports its financial results for Q1 2018

Universal Display reported its financial results for Q1 2018. Revenues were $43.6 million, and net income was $6 million. These results were lower than the company expected, due to a slowdown in the premium smartphone market, the company's new accounting standard and the inventory pre-purchase the company reported in Q4 2017.

UDC PHOLED materials photo (2017)

UDC is revising its 2018 guidance lower, to $280 million to $310 million. UDC expects the OLED market to remain week in the second quarter, but sees a pickup in OLED demand in the second half of 2018. In 2019, UDC expects significant growth to resume.

DSCC lowers its OLED material revenue forecasts, published Samsung's latest OLED stack

DSCC lowered its OLED material revenue forecasts, saying that the market is expected to grow at a 25% CAGR from $773 million in 2017 to $2.35 billion in 2022 (down from its previous estimates of $2.56 billion in 2022). The fastest growing (51% CAGR) OLED application will be OLED lighting, which will grow from $12 million in 2017 to $95 million in 2022.

Samsung Galaxy S9 material stack (DSCC)

DSCC also published the material stack for Samsung's latest OLEDs (used in the Galaxy S9), which you can see above.

UDC reports an excellent Q4 2017, but guidance for 2018 is lower than expected

Universal Display reported its financial results for Q4 2017. Revenues reached a record $115.9 million, up 55% from $74.6 million in Q4 2016. Revenues from material sales were $59.8 million (up 105% from $29.2 million in Q4 2016). Net income was $57.9 million (up from $23.1 million in Q4 2016).

UDC emitter and host materials photo

UDC concluded a very successful 2017. Revenues were $335.6 million (up 68% from $198.9 in 2016) and net income was $103.9 million (up from $48.1 million in 2016). Net income included a onetime charge of $11.5 million from the Tax Cuts and Jobs Act. Net cash generated in 2017 was $133 million.

DSCC: the OLED material market will reach $2.56 billion in 2022

Display Supply Chain Consultants (DSCC) says that OLED material revenues grew 43% to reach $869 million in 2017. DSCC expects the OLED material market to grow at a 24% CAGR until 2022, when the market will reach $2.56 billion.

OLED material revenue by type (2016-2022, DSCC)

The small/medium display market accounts to about 59% of the total OLED material market, and this will continue until 2022. For the TV market, DSCC expects ink-jet printing to enable producers to make lower the material costs of OLED TV production, and OLED TV materials will grow at a rate of 23%, from $344 in 2017 to $963 million in 2022.

UDC and Samsung Display sign new long-term PHOLED materials and technology supply agreements

Universal Display announced that it has signed long-term OLED material supply and license agreements with Samsung Display. UDC will continue to supply its PHOLED phosphorescent OLED materials and technology to Samsung Display for use in its OLED displays. The agreements are scheduled to run through December 31, 2022, and may be extended for an additional two-year period.

UDC PHOLED materials photo (2017)

UDC did not disclose the financial terms of these new agreements, but we do know that Samsung will pay a license fee throughout the agreement period. The previous UDC-SDC agreement ended on December 31st 2017, but for the past month and a half the two companies still conducted business of course as SDC's OLED production was not halted.

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