Filing Flows › Universal Display (OLED) › Q3 2026 › vs Q2 2026
Universal Display (OLED) Q3 2026 vs Q2 2026 (quarter over quarter)
Universal Display's revenue rose $8.3M (+5%) from $152M in Q2 2026 to $160M in Q3 2026. The biggest changes: Material Sales +$13.5M (+20%); Royalty and License Fees −$5.7M (-7%); Contract Research Services +$474K (+10%). Gross margin 73.1% against 75.8% (-2.7 pts).
Universal Display, Q3 2026: revenue $160M (+15% year over year), operating margin 33.5%, net earnings $78.9M, operating cash flow $100M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Gross margin | 73.1% | 75.8% | -2.7 pts |
| Operating margin | 33.5% | 35.3% | -1.8 pts |
| Net margin | 49.2% | 32.5% | +16.7 pts |
| Free cash flow margin | 59.8% | 13.4% | +46.4 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Material Sales | $79.7M | $66.2M | $13.5M | +20% |
| Royalty and License Fees | $75.5M | $81.2M | −$5.7M | -7% |
| Contract Research Services | $5.2M | $4.8M | $474K | +10% |
| Revenue | $160M | $152M | $8.3M | +5% |
| Gross profit | $117M | $115M | $2.0M | +2% |
| Cost of revenue | $43.1M | $36.8M | $6.3M | +17% |
| Other income, net | $45.5M | $7.4M | $38.1M | +518% |
| Operating profit | $53.7M | $53.6M | $57K | +0.1% |
| Operating expenses | $63.6M | $61.7M | $1.9M | +3% |
| Pre-tax earnings | $99.2M | $61.0M | $38.2M | +63% |
| Research & development | $36.3M | $35.0M | $1.4M | +4% |
| SG&A | $20.9M | $18.6M | $2.3M | +13% |
| Other operating costs | $6.4M | $8.2M | −$1.8M | -22% |
| Net earnings | $78.9M | $49.4M | $29.5M | +60% |
| Income tax | $20.2M | $11.6M | $8.6M | +75% |
| Depreciation & amortization | $11.3M | $13.5M | −$2.2M | -17% |
| Share-based compensation | $6.4M | $4.9M | $1.5M | +30% |
| Working capital & other | $3.6M | −$42.9M | $46.5M | — |
| Operating cash flow | $100M | $25.0M | $75.2M | +301% |
| Free cash flow (OCF − capex) | $95.9M | $20.3M | $75.6M | +371% |
| Capital expenditures | $4.3M | $4.6M | −$362K | -8% |
Questions
How much did Universal Display's revenue grow quarter over quarter in Q3 2026?
Universal Display's revenue rose $8.3M (+5%) from $152M in Q2 2026 to $160M in Q3 2026.
What drove Universal Display's revenue change in Q3 2026?
Material Sales +$13.5M (+20%); Royalty and License Fees −$5.7M (-7%); Contract Research Services +$474K (+10%).