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Universal Display (OLED) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 28, 2026
Universal Display (OLED) reported revenue of $160M for the third quarter 2026 (Q3 2026), +15% from a year earlier and +5% from the quarter before. Operating margin was 33.5%, net earnings $78.9M (49.2% of revenue).
Universal Display, Q3 2026: revenue $160M (+15% year over year), operating margin 33.5%, net earnings $78.9M, operating cash flow $100M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $160M | +5% | +15% |
| Gross profit | $117M | +2% | +13% |
| Operating profit | $53.7M | +0.1% | +24% |
| Net earnings | $78.9M | +60% | +79% |
| Operating cash flow | $100M | +301% | +3% |
| Free cash flow | $95.9M | +371% | +14% |
What changed
Revenue was $160.4M in Q3 2026, up 15% year over year and up 5% from the previous quarter. Material Sales was the largest line at 50% of revenue. Royalty and License Fees added $22.2M year over year (up 42%), 107% of the total change. Material Sales declined 4%.
Gross margin was 73.1%, down 1.4 points from Q3 2025. Operating profit was $53.7M, a 33.5% margin (up 2.6 points year over year). Of the extra revenue versus Q3 2025, 51% reached operating profit, above the 31% margin then. Operating expenses grew 4% against revenue growth of 15%. The fastest-growing cost line was SG&A (+16%). Net earnings were $78.9M, up 79% year over year. The effective tax rate was 20.4%. Non-operating items added $45.5M, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $100.2M (up 3% year over year), 127% of net earnings. Non-cash charges added back $11.3M of depreciation and amortization and $6.4M of share-based compensation. Capital expenditures of $4.3M left free cash flow of $95.9M.
Questions
What was Universal Display's revenue in the third quarter 2026?
Universal Display (OLED) reported revenue of $160M for the third quarter 2026 (Q3 2026), +15% from a year earlier and +5% from the quarter before.
Was Universal Display profitable in the third quarter 2026?
Operating profit was $53.7M (33.5% of revenue) and net earnings $78.9M.
Source: Universal Display 10-Q on SEC EDGAR.