What is Universal Display's R&D?

Universal Display (OLED) reported R&D of $35.25M in Q1 2026.

How has Universal Display's R&D changed year-over-year?

Universal Display's R&D increased by 1.0% year-over-year, from $34.9M to $35.25M.

What is the long-term trend for Universal Display's R&D?

Over 4 years (2021 to 2025), Universal Display's R&D has grown at a 10.0% compound annual growth rate (CAGR), from $99.67M to $146.1M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Universal Display OLED R&D

R&D at other companies

AdeiaADEA

$18.2M+10.5%

Dolby Laboratories, Inc.DLB

$63.65M+3.2%

PPG IndustriesPPG

$113M+10.8%

RambusRMBS

$50.23M+17.9%

Applied MaterialsAMAT

$1.03B+15.0%

West Pharmaceutical ServicesWST

$15.8M-3.1%

Other financials

Income statement

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Revenue$142.2M-14.5%

Gross profit$106.1M-17.2%

Operating income$42.8M-38.6%

Net income$35.9M-44.3%

EPS (diluted)$0.76-43.7%

Balance sheet

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Cash & equivalents$159.4M—

Total debt$40.9M—

Total equity$1.7B+2.7%

Total assets$1.9B—

Cash flow

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Operating cash flow$108.9M+256%

CapEx$8.6M-34.1%

Free cash flow$100.3M+473%

Valuation

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Market cap$4B-34.8%

Profitability

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Gross margin75.7%-1.2pp

Operating margin35.4%-2.5pp

Net margin34.1%-1.3pp

FCF margin37.8%+12.6pp

Returns & leverage

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Return on equity12.7%-1.9pp

Debt / equity0×—

Current ratio9.5×—

Where this comes from

Reported directly by Universal Display in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Universal Display’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Universal Display's R&D?: Universal Display (OLED) reported R&D of $35.25M in Q1 2026.
How has Universal Display's R&D changed year-over-year?: Universal Display's R&D increased by 1.0% year-over-year, from $34.9M to $35.25M.
What is the long-term trend for Universal Display's R&D?: Over 4 years (2021 to 2025), Universal Display's R&D has grown at a 10.0% compound annual growth rate (CAGR), from $99.67M to $146.1M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.