Update: Universal Display Shares Rise After $400 Million Share Repurchase Plan, Q1 Results

MT Newswires Live
May 02

(Updates with the latest stock movement in the first paragraph and headline.)

Universal Display's (OLED) shares were up roughly 11% in Friday trading after the company announced a new $400 million stock repurchase plan and reported Q1 results.

The company reported Q1 earnings late Thursday of $0.76 per diluted share, down from $1.35 a year earlier.

Analysts polled by FactSet expected $1.16.

Revenue for the quarter ended March 31 was $142.2 million, down from $166.3 million a year earlier.

Analysts surveyed by FactSet expected $161.2 million.

The company lowered its 2026 revenue guidance to $630 million to $670 million from the prior forecast of $650 million to $700 million. Analysts surveyed by FactSet expect $673.6 million.

Universal Display kept its quarterly dividend at $0.50 a share, payable June 30 to holders of record June 16.

The board also authorized a new share repurchase program of up to $400 million.

Price: 96.56, Change: +9.47, Percent Change: +10.87

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