Flexible Electronics News

Universal Display Announces 2Q 2023 Financial Results

Total revenue in the second quarter of 2023 was $146.6 million as compared to $136.6 million in the second quarter of 2022.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Universal Display reported financial results for the second quarter ended June 30, 2023. “We are pleased with our solid performance and results in the second quarter. Our full year revenue projections are aligning closely to prior expectations, and we have narrowed our guidance accordingly,” said Brian Millard, VP and CFO of Universal Display. “The OLED industry continues to lay the groundwork for promising growth in 2024 and beyond as the OLED IT adoption wave is poised to commence,” Mill...

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