Universal Display reports Q1 EPS $1.19, consensus $1.09

Reports Q1 revenue $165.3M, consensus $150.8M. “We began the year on a strong note with solid first quarter results across the board,” said Brian Millard, CFO. “With the OLED IT market poised for significant growth, continued OLED proliferation in smartphones and TVs, and projected expansion of foldables, we see meaningful opportunities across multiple market verticals. As we approach UDC’s 30th anniversary next month, we reflect on our amazing journey that has been marked by relentless innovation, exponential growth, and the materialization of products that were once distant dreams. As we look forward, we are excited to reach even greater heights in the future and continue to make a lasting impact on the OLED industry.”