Universal Display Q2 2026 revenue fell 11.43% to $152.2 million; diluted EPS dropped 24.82% to $1.06.
Operating income declined 21.79% to $53.6 million; gross margin narrowed 1 percentage point to 76%.
Net income dropped 26.53% to $49.4 million.
Revenue mix and outlook
Material sales slid 25.37% to $66.2 million, partly due to lower unit material volume, customer mix shifts, and a $6.9 million unfavorable catch-up adjustment.
Royalty and license fees rose 7.27% to $81.2 million on a $16.3 million favorable catch-up adjustment, partly offset by lower unit material volume.
2026 revenue outlook shifted to the lower end of the $630 million-$670 million range; a $0.50 per share dividend was declared for Q3 2026.
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