Universal Display (OLED) Q2 Earnings: What To Expect

Kayode Omotosho /
2023/08/02 4:17 am EDT

OLED provider Universal Display (NASDAQ:OLED) will be reporting earnings tomorrow afternoon. Here's what investors should know.

Last quarter Universal Display reported revenues of $130.5 million, down 13.3% year on year, missing analyst expectations by 3.49%. It was a weak quarter for the company, with a miss of analysts' revenue estimates and a decline in its operating margin.

Is Universal Display buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Universal Display's revenue to decline 5.73% year on year to $128.7 million, a deceleration on the 5.32% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.72 per share.

Universal Display Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company missed Wall St's revenue estimates three times over the last two years.

Looking at Universal Display's peers in the semiconductors segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. ON Semiconductor delivered top-line growth of 0.45% year on year, beating analyst estimates by 3.66% and Lattice Semiconductor reported revenues up 17.8% year on year, exceeding estimates by 1.47%. ON Semiconductor traded up 5.56% on the results, Lattice Semiconductor was down 1.16%. Read our full analysis of ON Semiconductor's results here and Lattice Semiconductor's results here.

There has been positive sentiment among investors in the semiconductors segment, with the stocks up on average 4.05% over the last month. Universal Display is up 3.69% during the same time, and is heading into the earnings with analyst price target of $161.20, compared to share price of $143.66.

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The author has no position in any of the stocks mentioned.