Universal Display EPS misses by $0.02, beats on revenue

• Universal Display (NASDAQ:OLED): Q2 GAAP EPS of $0.85 misses by $0.02.
• Revenue of $129.7M (+123.6% Y/Y) beats by $1.65M.
• Revenue from material sales was $157.2 million in the first half of 2021 as compared to $98.5 million in the first half of 2020.
• Revenue from royalty and license fees was $99.1 million in the first half of 2021 as compared to $65.5 million in the first half of 2020.
• Cost of material sales was $46.3 million in the first half of 2021 as compared to $30.5 million in the first half of 2020.
• Operating income was $113.5 million in the first half of 2021 as compared to $43.3 million in the first half of 2020.

• 2021 Guidance: The Company continues to believe that its 2021 revenue will be approximately in the range of $530 million to $560 million (vs. consensus $558.85M)

• Press Release