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Universal Display Corporation OLED

Universal Display Corporation scores good on business quality (6.4 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$74.96Oct 9, 2026
Business qualityGood
Next earningsOct 28, 2026
Insiders, 90 daysSelling

Why it matters

  1. What Universal Display Corporation does

    Universal Display makes money by licensing proprietary OLED technologies and selling specialized emitter materials to display manufacturers. Panel makers pay royalties and material fees to build screens for smartphones, TVs, and smartwatches. The business is betting on expanding adoption in mobile and IT panels to restart its top line.

  2. What it does best

    Universal Display dominates OLED emitter materials, backed by a gross margin of 75.3% that easily outpaces CRUS at 52.8%. Patents and proprietary chemical formulations protect this edge, forcing panel makers to rely on its R&D rather than building competing compounds.

  3. The main risk

    Revenue growth sits in the bottom quartile at 1%, leaving the business vulnerable to prolonged stagnation in consumer electronics demand. When smartphone and TV replacement cycles stall, high material margins cannot offset flat shipment volumes.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margin hits 34.1% and free cash flow margin sits at 74th percentile in the sector. Profitability remains high and stable thanks to high-margin material sales and licensing fees. Scale directly preserves these elite margins.

MoatStrong

Patented emitter technology locks in massive display manufacturers who cannot easily switch suppliers without redesigning displays. This intellectual property advantage secures an operating margin ranking in the top quartile of its sector at 84th percentile.

GrowthSlow

Revenue growth crawls at 0.5%, reflecting a severe stall compared to its historical pace. Sales dipped from $651 million to $607 million recently, showing the top line is actively fading.

Financial healthStrong

Zero debt and $602 million in cash provide total balance sheet safety. Free cash flow reached $170 million recently, supporting consistent buybacks and dividends. The financial foundation is exceptionally strong.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $422K outside pre-planned sales.

Our sealed record on OLED

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is OLED a good business?

Universal Display Corporation scores good on the Cluenex quality check (6.4 of 10), measured against its own industry. Profitability is strong, moat strong, growth slow and financial health strong.

Are insiders buying OLED?

In the last 90 days of SEC Form 4 filings: 1 sold $422K outside pre-planned sales.

When does OLED report earnings?

Oct 28, 2026.

For members

See OLED today

  • Today's verdict on OLED, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Universal Display Corporation (OLED)”, https://cluenex.com/stocks/oled/, data as of Oct 10, 2026.