Universal Display Corporation reported its financial results for the fourth quarter and full year ended December 31, 2025.

“We ended 2025 with record fourth quarter and annual revenues that were in line with our expectations,” said Brian Millard, Chief Financial Officer and Treasurer of Universal Display Corporation. “As we look ahead, we see meaningful long‑term opportunities, even as the near‑term environment remains dynamic. Several industry shifts continue to support the evolution of the OLED market, including growing interest in IT applications as performance and power‑efficiency requirements increase across laptops, tablets, and monitors. We’re also encouraged by the steady progress in foldable devices, which are moving beyond a niche category and becoming an increasingly important area of innovation for OEMs.” 

Fourth Quarter Results

Total revenue in the fourth quarter of 2025 was $172.9 million as compared to $162.3 million in the fourth quarter of 2024.

Net income was $66.3 million or $1.39 per diluted share in the fourth quarter of 2025 as compared to $46.0 million or $0.96 per diluted share in the fourth quarter of 2024.

Operating income was $67.2 million in the fourth quarter of 2025 as compared to $52.5 million the year prior. Fourth quarter 2024 results included $8.9 million in restructuring costs, recorded in research and development expenses, related to the closure of the OVJP California location and related reorganization.

Full Year 2025

Total revenue in 2025 was $650.6 million as compared to $647.7 million in 2024. 

Net income was $242.1 million or $5.08 per diluted share in 2025, compared to $222.1 million or $4.65 per diluted share in the year prior.

Operating income was $248.6 million in 2025 as compared to $238.8 million in 2024.

Millard added, “While uncertainty persists across parts of the broader consumer electronics landscape, our focus remains on staying agile and closely aligned with our customers. Taken together, these trends reinforce our confidence in the long‑term potential of OLED and our position within the ecosystem.”