NASDAQ$OLED
Universal Display Corp · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported financial results for the first quarter ended March 31, 2023, with revenue in line with expectations and reaffirmed full-year 2023 outlook.
Universal Display Corporation reported total revenue of $130.5 million for Q1 2023, compared to $150.5 million in Q1 2022. The company reaffirmed its full-year 2023 revenue guidance of $550 million to $600 million.
- Total revenue for Q1 2023 was $130.5 million, compared to $150.5 million in Q1 2022.
- Revenue from material sales was $70.2 million, down from $86.7 million in Q1 2022.
- Revenue from royalty and license fees was $55.2 million, compared to $59.8 million in Q1 2022.
- Operating income was $45.4 million, down from $62.3 million in Q1 2022.
Headline financials
Revenue & EPS history
Universal Display · Revenue · Quarterly
$130M
Revenue by segment
Universal Display · $130M total across 3 segments · Q1 2023
- Material sales$70.2M-19.0%53.8%
- Royalty and license fees$55.2M-7.7%42.3%
- Contract research services$5.07M+27.4%3.9%
Forward guidance
The Company affirms its previous revenue guidance and believes that 2023 revenue will be the range of $550 million to $600 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 2023
+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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