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's customer list include lists Samsung, LG, Konica Minolta, BOE and others. In fact almost all OLED displays on the market make use of the company's emitters.

UDC trades in the NASDAQ (ticker: OLED).

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

The latest UDC news:

Apple finalizes its supply chain for the iPhone 14 AMOLED displays, starts ordering panels from BOE again

According to reports from Korea, Apple has started to sign agreements regarding the supply of OLED displays for the next iPhone model (iPhone 14). As always, the main supplier will be Samsung Display, which will supply 80 million units of its latest LTPO AMOLED display (M12 stack) to Apple.



Apple iPhone 13 photo

Apple is set to release four iPhone models. The iPhone 14 (6.1-inch), 14 Plus (6.7-inch), 14 Pro (6.1-inch) and 14 Pro Max (6.7-inch).

UBI: the OLED emitter material market up 9% to $420 million in Q1 2022

UBI Research says that the OLED emitter material market reached $421 million in Q1 2022, down 21.1% from the previous quarter, but up 9% compared to Q1 2021. UBI estimates that the OLED emitter material market will reach $1.77 billion in 2022, and will grow to $2.4 billion by 2026.

UDC RGB PHOLED materials photo

UBI says that sale of materials for TV and mobile devices decreased (compared to Q4 2021) while sales of materials for the production of IT (laptops, tablets and monitors) displays were up $6.6 million.

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.

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%).

ETNews: Samsung did not update its OLED material stack for the Galaxy S22 series

According to reports from Korea, Samsung decided to use the same OLED material stack (the so-called M11 stack) in its Galaxy S22 Ultra smartphone (the M11 was used in the S21 Ultra phone). The lower-end Galaxy S21 still uses the M10 stack, same as in the S20.

Samsung Galaxy S22 Ultra photoThe lower-end model did get an update - the S22 Plus has been upgraded to the M11 stack (the S21 Plus used the M10 stack).

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.

DSCC: the AMOLED material market to grow to $1.4 billion in 2021, $2.18 billion in 2025

DSCC updated its AMOLED material market forecast, saying that the market will reach $1.4 billion in 2021 (up 32% from 2020), and grow at a 16% CAGR from 2019 ($927 million) to 2025, to reach $2.18 billion by 2025.

AMOLED material revenues  forecast (2019-2025, DSCC)

DSCC takes a look into the material cost for LG Display's WOLED TV panels. LGD will likely manage to implement incremental improvements in material utilization and price, which will enable the company to almost halve the material cost of its TV panels- from $88.14 per sqm in 2019 to $47.19 per sqm by 2025.

UDC reported its financial results for Q1 2021

Universal Display reported its financial results for Q1 2021. UDC's revenues for the quarter were $134 million (down from $141.5 million in Q4 2020 and up from $112.3 million from Q1 2020) and net income was $51.7 million.

UDC RGB PHOLED materials photo

At the end of the quarter, UDC had $727 million in cash or equivalents. The company retained its 2021 guidance with revenues between $530 - $560 million.

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