Universal Display Corporation announced second-quarter 2026 revenue of $152.2 million, down from $171.8 million a year earlier, and said it now expects full-year revenue around the lower end of its $630 million to $670 million guidance range. Material sales fell to $66.2 million from $88.7 million, while royalty and license fees rose to $81.2 million from $75.7 million, driven by a $16.3 million favorable cumulative catch-up adjustment. Net income was $49.4 million, or $1.06 per diluted share, compared with $67.3 million, or $1.41 per diluted share, in the prior-year quarter. The company also declared a third-quarter cash dividend of $0.50 per share and repurchased $48.2 million of its common stock during the quarter.
Universal Displayrevenue down YoY and full-year guidance revised to lower end of range
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