Universal DisplayOLED
▼ NegativeCapitalrelevance
Missed Q2 sales estimates and revenue declined 11.4% YoY, with operating margin and free cash flow margin falling.
Impact on stocks 1
Spatial Computing / AR/VR
Universal DisplayUniversal Display reported second-quarter revenue of $152.2 million, missing analyst estimates of $157.8 million and marking an 11.4% year-on-year decline. The company's GAAP earnings per share of $1.06 beat consensus estimates by 2.4%. Universal Display reconfirmed its full-year revenue guidance of $650 million at the midpoint, which is 0.8% above analyst expectations. Operating margin fell to 35.3% from 39.9% a year earlier, and free cash flow margin dropped to 13.4% from 21.8%. Inventory days outstanding rose to 617 from 585 in the prior quarter.
Universal DisplayMissed Q2 sales estimates and revenue declined 11.4% YoY, with operating margin and free cash flow margin falling.