Universal Display Raises FY25 Revenue View to $650M-$700M

Universal Display has raised its FY25 revenue guidance to $650M-$700M, up from $640M-$700M. The new range is above the consensus estimate of $670.54M.

Title: Universal Display Raises FY25 Revenue Guidance to $650M-$700M

Universal Display Corporation (OLED) has raised its full-year 2025 revenue guidance to a range of $650 million to $700 million, up from the previous guidance of $640 million to $700 million. This new range exceeds the consensus estimate of $670.54 million, signaling a positive outlook for the company's financial performance.

The updated guidance was disclosed during the company's Q2 2025 earnings call. Steven V. Abramson, President and CEO of Universal Display, highlighted the robust growth in OLED demand, particularly in the IT and automotive sectors. The company's revenue for the second quarter of 2025 was $172 million, with net income of $67 million or $1.41 per diluted share. This represents a significant increase compared to the same period in 2024.

Abramson emphasized that the acceleration in OLED demand, driven by the growing adoption of OLED displays in tablets, laptops, and monitors, is a key factor in the revised revenue guidance. The company has seen substantial investments from major OEMs and panel makers, including Samsung Display, BOE, Visionox, LG Display, and TCL China Star. These investments are expected to further boost the company's capacity and production capabilities.

The CEO also noted the progress in the commercialization of blue phosphorescent OLED, which is a critical step forward in the company's roadmap. This development is expected to enhance the company's product portfolio and contribute to its future growth.

The CFO, Brian Millard, reiterated the company's confidence in its financial outlook. He stated that the first half of the year has been strong and that the company's revenue for the second quarter was $172 million, compared to $159 million in the second quarter of 2024. The company now expects total gross margins for the full year to be in the range of 76% to 77% and operating margins to be at the upper end of its 35% to 40% guidance range.

Analysts were generally positive about the company's performance, with a focus on the granular revenue drivers and market adoption. The tone of the earnings call was more confident compared to the previous quarter, with less uncertainty about tariffs and more focus on growth opportunities and execution.

Overall, Universal Display's revised revenue guidance reflects the company's strong performance and the growing demand for OLED displays. The company's leadership in innovation and its strategic investments in the OLED market position it well for continued growth in the coming years.

References
1. [1] https://seekingalpha.com/news/4476180-universal-display-raises-2025-revenue-guidance-to-650m-700m-as-oled-demand-accelerates-in-it
2. [2] https://www.marketbeat.com/stocks/NYSE/UVV/news/