Universal Display Corporation

OLED Technology Electronic Components

Universal Display Corporation’s revenue for fiscal 2025 (year ended December 2025) was $650.6 million, roughly unchanged from fiscal 2024.

Revenue
+14.9%
EPS
+85.6%
Free cash flow
+13.8%

Quarter to September 2026, against a year earlier

88.66 1.53 +1.76%
Market cap
$3.9B
P/E
17.8×
Fwd P/E
19.2×
Dividend yield
2.22%
F-score
6/9
Altman Z
18.56
Beneish M
−2.35
Dividend safety
86/100

Universal Display Corporation (OLED) Gross margin

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Universal Display Corporation's gross margin over the twelve months to 30 September 2026 was 74.9%, down 1.4 percentage points from fiscal 2025 (76.3%). Over the past ten years it has ranged from 67.0% (fiscal 2015) to 86.8% (fiscal 2016); the current reading is higher than 18% of that period. That is above the Electronic Components industry median of 32.8% and above the Technology sector median of 46.9%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 76.3% (0.77)
FY2024 77.1% 0.57
FY2023 76.5% (2.75)
FY2022 79.3% 0.03
FY2021 79.2% (0.84)
FY2020 80.1% (1.33)
FY2019 81.4% 3.04
FY2018 78.4% (5.34)
FY2017 83.7% (3.08)
FY2016 86.8% 19.75

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 73.2% (2.67)
Jun 2026 75.8% 1.22
Mar 2026 74.6% (1.52)
Dec 2025 76.1% 1.54
43 more quarters

Against its own ten years

Low 67.0% High 86.8%
Ten-year median 79.2%
Current reading's percentile 5

Gross margin against peers

Company Gross margin
OLED Universal Display Corporation 74.9%
OUST Ouster, Inc. compare 49.1%
KN Knowles Corporation compare 44.4%
BELFA Bel Fuse Inc. compare 39.9%
BELFB Bel Fuse Inc. compare 39.9%
OSIS OSI Systems, Inc. compare 32.9%
ROG Rogers Corporation compare 32.7%
BHE Benchmark Electronics, Inc. compare 10.4%
PLXS Plexus Corp. compare 10.1%
Electronic Components industry median 32.8%
Technology sector median 46.9%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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