Universal Display announced its financial results for the first quarter of 2025, with revenues of $166 million (up slightly from $165 million last year), and a net income of $64 million, up 13% from the first quarter of 2024 ($57 million). The company ended the quarter with $918 million in cash and equivalents, and the company announced a $100 million share repurchase authorization (in addition to its quarterly dividend).
While the company is very optimistic about the long-term growth of the OLED market, it acknowledges that it is a time of an increasingly complex global environment. While its business remains largely unaffected by global tariffs and geopolitics, and company is taking a "measured approach in assessing" its future markets. The company projects its revenues in 2025 to be in the range of $640 - $700 million.
Disclaimer: the author of this post holds shares in Universal Display
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