Filing Flows › Universal Display (OLED) › Q2 2026
Universal Display (OLED) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Universal Display (OLED) reported revenue of $152M for the second quarter 2026 (Q2 2026), -11% from a year earlier and +7% from the quarter before. Operating margin was 35.3%, net earnings $49.4M (32.5% of revenue).
Universal Display, Q2 2026: revenue $152M (-11% year over year), operating margin 35.3%, net earnings $49.4M, operating cash flow $25.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $152M | +7% | -11% |
| Gross profit | $115M | +9% | -13% |
| Operating profit | $53.6M | +25% | -22% |
| Net earnings | $49.4M | +38% | -27% |
| Operating cash flow | $25.0M | -77% | -52% |
| Free cash flow | $20.3M | -80% | -46% |
What changed
Revenue was $152.2M in Q2 2026, down 11% year over year and up 7% from the previous quarter. Royalty and License Fees was the largest line at 53% of revenue. Material Sales lost $22.5M year over year (down 25%), 114% of the total change.
Gross margin was 75.8%, down 1.4 points from Q2 2025. Operating profit was $53.6M, a 35.3% margin (down 4.6 points year over year). Operating expenses fell 4% while revenue fell 11%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $49.4M, down 27% year over year. The effective tax rate was 19.0%.
Operating cash flow was $25.0M (down 52% year over year), 51% of net earnings. Non-cash charges added back $13.5M of depreciation and amortization and $4.9M of share-based compensation. Working capital and other items used $42.9M. Capital expenditures of $4.6M left free cash flow of $20.3M.
Questions
What was Universal Display's revenue in the second quarter 2026?
Universal Display (OLED) reported revenue of $152M for the second quarter 2026 (Q2 2026), -11% from a year earlier and +7% from the quarter before.
Was Universal Display profitable in the second quarter 2026?
Operating profit was $53.6M (35.3% of revenue) and net earnings $49.4M.
Source: Universal Display 10-Q on SEC EDGAR.