Flexible Electronics News

Universal Display Announces 2Q 2025 Financial Results

Total revenue in the second quarter of 2025 was $171.8 million as compared to $158.5 million in the second quarter of 2024.

Universal Display reports financial results for the second quarter ended June 30, 2025.

“We are pleased to report record financial performance in the second quarter. Reflecting our strong execution and current outlook for the year, we are raising the low end of our 2025 revenue guidance range, which we now project to be $650 million to $700 million,” says Brian Millard, CFO and treasurer of Universal Display Corporation.

“We believe the OLED industry is entering a dynamic new phase of expansion, driven by increasing demand in the nascent OLED IT market—including tablets, laptops, and monitors,” adds Millard. “As OLED adoption broadens across consumer electronics and automotive applications, we believe we are well-positioned to be a key enabler in this next wave of growth.”

Total revenue in the second quarter of 2025 was $171.8 million as compared to $158.5 million in the second quarter of 2024.

Revenue from material sales was $88.7 million in the second quarter of 2025 as compared to $95.4 million in the second quarter of 2024. The decrease in material sales was primarily due to changes in customer mix and lower unit material volume for our emitter materials.

Revenue from royalty and license fees was $75.7 million in the second quarter of 2025 as compared to $59.6 million in the second quarter of 2024. The increase in royalty and license fees was primarily the result of changes in customer mix, partially offset by lower unit material volume.

Total gross margin was 77% in the second quarter of 2025 as compared to 76% in the second quarter of 2024. Operating income was $68.5 million in the second quarter of 2025 as compared to $56.4 million in the second quarter of 2024.

Total revenue in the first half of 2025 was $338.1 million as compared to $323.8 million in the first half of 2024.

Revenue from material sales was $174.8 million in the first half of 2025 as compared to $188.7 million in the first half of 2024. The decrease in material sales was primarily due to lower unit material volume for emitter materials and changes in customer mix.


Revenue from royalty and license fees was $149.2 million in the first half of 2025 as compared to $127.8 million in the first half of 2024. The increase in royalty and license fees was primarily the result of changes in customer mix, partially offset by lower unit material volume.

Total gross margin was 77% in the first half of both 2025 and 2024. Operating income was $138.2 million in the first half of 2025 as compared to $119.3 million in the first half of 2024.

The company also announced a third quarter cash dividend of $0.45 per share on the company’s common stock. The dividend is payable on Sept. 30, 2025 to all shareholders of record as of the close of business on Sept. 16, 2025.

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