Citi Retains Neutral Rating On Universal Display Corporation (OLED)

On May 4, Citi lowered its terms people connected Universal Display Corporation (NASDAQ:OLED) to $100 from $105. It retained a “Neutral” standing connected the shares.

On April 30, Universal Display Corporation (NASDAQ:OLED) reported gross of $142.2 cardinal for the Q1 of 2026, dropping from $166.3 cardinal the past year, the steadfast claimed. Material income produced $83.7 million, portion royalty and licence fees provided $54.2 million. Both declined due to the fact that of changes successful lawsuit premix and reduced portion volume, based connected the report.

The institution had an operating income of $42.8 million, dipping from $69.7 million, and a gross borderline of 75%, down from 77%. Net income was $35.9 million, oregon $0.76 per diluted share, down from $64.4 million, oregon $1.35 per share, according to the firm.

Image Credit: Pixabay

Chief Financial Officer Brian Millard said, “near-term marketplace conditions person go much measured.” The institution expected Gen 8.6 capableness additions successful Korea and China.

Universal Display Corporation (NASDAQ:OLED) is peculiarly skilled successful the research, development, and merchantability of integrated light-emitting diode technologies and materials for usage successful displays and solid-state lighting systems.

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