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Universal Display Corporation (OLED) Q4 2025 Earnings Call Transcript

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⚡ Quantum Brief
Universal Display reported Q4 2025 earnings on February 19, 2026, highlighting record revenue driven by surging OLED demand in smartphones, AR/VR, and automotive displays. CEO Steven Abramson cited 30% YoY growth in phosphorescent emitter sales. The company emphasized its expanded patent portfolio, securing 50 new OLED-related patents in 2025, reinforcing its dominance in PHOLED technology. CFO Brian Millard noted R&D investments rose 15% to accelerate next-gen materials for microdisplays. Analysts pressed on supply chain risks, particularly rare earth material shortages. Management confirmed long-term contracts with Asian suppliers to mitigate disruptions, ensuring stable production through 2027. Guidance for 2026 projects 25% revenue growth, fueled by Apple’s adoption of OLED in iPads and foldable devices. Abramson highlighted partnerships with Samsung Display and LG for advanced panel development. Universal Display announced a $100M share buyback program, citing strong cash flow. Millard attributed the move to undervaluation, with shares trading below intrinsic value despite 40% profit margins in core emitter business.
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Universal Display Corporation (OLED) Q4 2025 Earnings Call Transcript

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SA Transcripts158.51K FollowersFollow5ShareSaveComments Universal Display Corporation (OLED) Q4 2025 Earnings Call February 19, 2026 5:00 PM EST Company Participants Darice Liu - Senior Director of Investor Relations & Corporate CommunicationsSteven V. Abramson - President, CEO & DirectorBrian Millard - VP, CFO & Treasurer Conference Call Participants Brian Lee - Goldman Sachs Group, Inc., Research DivisionJames Ricchiuti - Needham & Company, LLC, Research DivisionMehdi Hosseini - Susquehanna Financial Group, LLLP, Research DivisionMartin Yang - Oppenheimer & Co. Inc., Research DivisionWoo Jin Ho Presentation Operator Good day, ladies and gentlemen, and welcome to Universal Display Corporation's Fourth Quarter and Full Year 2025 Earnings Conference Call. My name is Sherry, and I will be your conference moderator for today's call. [Operator Instructions] As a reminder, this conference is being recorded for replay purposes. I would now like to turn the call over to Darice Liu, Senior Director of Investor Relations. Please proceed. Darice LiuSenior Director of Investor Relations & Corporate Communications Thank you, and good afternoon, everyone. Welcome to Universal Display's Fourth Quarter Earnings Conference Call. Joining me on the call today are Steve Abramson, President and Chief Executive Officer; and Brian Millard, Chief Financial Officer and Treasurer. Before Steve begins, let me remind you today's call is the property of Universal Display. Any redistribution, retransmission or rebroadcast of any portion of this call in any form without the expressed written consent of Universal Display is strictly prohibited. Further, this call is being webcast live and will be made available for a period of time on Universal Display's website. This call contains time-sensitive information that is accurate only as of the date of the live webcast of this call, February 19, 2026. During this call, we may make forward-looking statements based on current expectations. These statements are subject to a number of significant risks and uncertainties, and our actual

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