Universal Display Declares $0.50 Quarterly Dividend
Universal Display Corporation, a leader in OLED technologies, announced a $0.50 per share quarterly dividend payable March 31. The company also reported 2025 net income of $242.1 million and issued 2026 revenue guidance of $650 million to $700 million.
Universal Display Corporation (Nasdaq: OLED), a leader in organic light emitting diode technologies and materials, declared a first quarter 2026 cash dividend of $0.50 per share on its common stock. The dividend will be paid March 31, 2026 to shareholders of record as of March 17, 2026. Read more dividend announcements.
The company, which develops OLED technologies for display and solid-state lighting applications, did not announce an ex-dividend date.
| Dividend Details | |
|---|---|
| Amount | $0.50 per share |
| Record Date | March 17, 2026 |
| Payment Date | March 31, 2026 |
| Frequency | Quarterly |
2025 Financial Performance
Universal Display reported net income of $242.1 million, or $5.08 per diluted share, for 2025 compared to $222.1 million, or $4.65 per diluted share, in 2024. Total revenue reached $650.6 million in 2025, up slightly from $647.7 million in 2024.
Material sales declined to $353.0 million in 2025 from $365.4 million in 2024, while royalty and license fees increased to $275.1 million from $266.8 million. The revenue increase from royalties was primarily driven by changes in customer mix, though partially offset by a $7.1 million out-of-period adjustment recorded in the third quarter of 2025.
Operating income rose to $248.6 million in 2025 from $238.8 million in 2024. The company's effective income tax rate was 17.9% in 2025 compared to 18.4% in 2024.
Total gross margin was 76% in 2025 versus 77% in 2024. Gross margin on material sales specifically was 60% in 2025, down from 63% in 2024.
2026 Outlook and Share Repurchases
The company issued 2026 revenue guidance of $650 million to $700 million. Universal Display noted that the OLED industry remains at a stage where many variables can have a material impact on results.
Universal Display repurchased 291,210 shares of common stock for $34.1 million during 2025. Year to date through February 17, 2026, the company has repurchased an additional 163,203 shares for $19.2 million.
Founded in 1994 with subsidiaries and offices worldwide, Universal Display owns, exclusively licenses, or has the sole right to sublicense more than 7,000 patents issued and pending worldwide related to OLED technologies.