NASDAQ$OLED
Universal Display Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported solid first quarter results with revenue growth driven by material sales and royalty and license fees.
Universal Display Corporation reported first quarter 2022 financial results with total revenue of $150.5 million, an increase compared to $134.0 million in the first quarter of 2021. Net income was $50.0 million, or $1.05 per diluted share, compared to $51.7 million, or $1.08 per diluted share in the first quarter of 2021.
- Total revenue was $150.5 million, up from $134.0 million year-over-year.
- Material sales revenue increased to $86.7 million from $79.8 million year-over-year.
- Royalty and license fees revenue rose to $59.8 million from $50.9 million year-over-year.
- The company is on track to meet preliminary target specs with its phosphorescent blue by year-end, which should enable the introduction of its all-phosphorescent RGB stack into the commercial market in 2024.
Headline financials
Revenue & EPS history
Universal Display · Revenue · Quarterly
$150M
Revenue by segment
Universal Display · $150M total across 3 segments · Q1 2022
- Material sales$86.7M+8.6%57.6%
- Royalty and license fees$59.8M+17.5%39.7%
- Contract research services$3.98M+20.3%2.6%
Forward guidance
The Company continues to believe that its 2022 revenue will be approximately in the range of $625 million to $650 million.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+2.4%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.4%
Avg return
30 days after
57%
37 / 65 earnings
Positive
+23.0%
Q1 2017
Best reaction
-27.9%
Q3 2012
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +10.6% | +7.9% | +5.7% | |
| Q4 2025 | -11.2% | -9.4% | -19.1% | |
| Q3 2025 | -7.7% | -10.7% | -10.4% | |
| Q1 2025 | +1.8% | +1.5% | +1.5% | |
| Q4 2024 | +6.8% | +9.7% | +0.8% | |
| Q3 2024 | -15.7% | -16.0% | -23.1% | |
| Q2 2024 | -22.6% | -24.5% | -13.0% | |
| Q1 2024 | +11.9% | +14.8% | +15.1% | |
| Q4 2023 | -6.5% | -8.0% | -9.6% | |
| Q3 2023 | +7.3% | +10.2% | +28.6% | |
| Q2 2023 | +12.7% | +14.4% | +17.0% | |
| Q1 2023 | +3.0% | +6.3% | +13.1% | |
| Q4 2022 | +7.3% | +6.0% | +14.0% | |
| Q3 2022 | +7.0% | +9.2% | +19.6% | |
| Q2 2022 | +3.7% | -3.4% | -11.8% | |
| Q1 2022 | -4.7% | -12.3% | -11.6% | |
| Q4 2021 | +20.1% | +14.0% | +24.1% | |
| Q3 2021 | -5.7% | -6.3% | -21.8% | |
| Q2 2021 | -9.7% | -11.7% | -9.7% | |
| Q1 2021 | +0.6% | -9.1% | -2.2% | |
| Q4 2020 | -6.2% | -12.6% | -4.2% | |
| Q3 2020 | +4.2% | +4.5% | +17.9% | |
| Q2 2020 | -1.9% | -3.0% | -9.6% | |
| Q1 2020 | +2.7% | +1.1% | +12.6% | |
| Q4 2019 | -2.6% | -13.6% | -36.3% | |
| Q3 2019 | +14.4% | +15.2% | +11.0% | |
| Q2 2019 | -2.6% | -2.8% | -2.7% | |
| Q1 2019 | +8.3% | +8.8% | -6.6% | |
| Q4 2018 | +22.5% | +21.4% | +29.7% | |
| Q3 2018 | -16.2% | -20.3% | -25.3% | |
| Q2 2018 | +12.6% | +16.7% | +21.7% | |
| Q1 2018 | +11.3% | +7.3% | +8.4% | |
| Q4 2017 | -16.2% | -16.4% | -32.4% | |
| Q3 2017 | +10.8% | +17.4% | +23.8% | |
| Q2 2017 | -2.1% | -1.7% | +5.7% | |
| Q1 2017 | +23.0% | +25.7% | +29.4% | |
| Q4 2016 | +13.7% | +19.1% | +17.1% | |
| Q3 2016 | +5.3% | +10.3% | +5.9% | |
| Q2 2016 | -10.2% | -13.5% | -20.2% | |
| Q1 2016 | -0.9% | — | — | |
| Q4 2015 | -12.8% | — | — | |
| Q3 2015 | +11.1% | — | — | |
| Q2 2015 | -9.9% | — | — | |
| Q1 2015 | +11.2% | — | — | |
| Q4 2014 | -3.3% | — | — | |
| Q3 2014 | -7.4% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | +16.4% | — | — | |
| Q4 2013 | +1.3% | — | — | |
| Q3 2013 | +22.1% | — | — | |
| Q2 2013 | +11.3% | — | — | |
| Q1 2013 | -16.9% | — | — | |
| Q4 2009 | +10.5% | — | — | |
| Q4 2012 | -0.9% | — | — | |
| Q3 2012 | -27.9% | — | — | |
| Q2 2012 | +15.2% | — | — | |
| Q1 2012 | -9.6% | — | — | |
| Q1 2011 | -9.6% | — | — | |
| Q4 2011 | -2.0% | — | — | |
| Q3 2010 | +5.1% | — | — | |
| Q3 2011 | +5.1% | — | — | |
| Q2 2011 | +19.5% | — | — | |
| Q2 2010 | +19.5% | — | — | |
| Q4 2010 | +19.5% | — | — | |
| Q1 2010 | +14.3% | — | — |
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