环球显示公司 2026年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended June 30, 2026 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 UNIVERSAL DISPLAY CORPORATION (Exact name of registrant as specified in its charter) Pennsylvania23-2372688(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification No.) 250 Phillips Boulevard, Ewing, New Jersey08618(Address of principal executive offices)(Zip Code) Registrant’s telephone number, including area code: (609) 671-0980 Securities registered pursuant to Section 12(b) of the Act: Title of each classTrading Symbol(s)Name of each exchange on which registeredCommon Stock, $0.01 par valueOLEDThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to filesuch reports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filer☒Accelerated filerNon-accelerated filer☐Smaller reporting company ☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial account standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of July 27, 2026, the registrant had outstanding 45,966,835 shares of common stock. TABLE OF CONTENTS PART I – FINANCIAL INFORMATION Item 1. Financial Statements (unaudited)Consolidated Balance Sheets – June 30, 2026 and December 31, 20251Consolidated Statements of Income – Three and six months ended June 30, 2026 and 20252Consolidated Statements of Comprehensive Income – Three and six months ended June 30, 2026 and 20253Consolidated Statements of Shareholders’ Equity – Three and six months ended June 30, 2026 and 20254Consolidated Statements of Cash Flows – Six Months Ended June 30, 2026 and 20256Notes to Consolidated Financial Statements7Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations29Item 3. Quantitative and Qualitative Disclosures About Market Risk36Item 4. Controls and Procedures37 PART II – OTHER INFORMATION Item 1. Legal Proceedings37Item 1A. Risk Factors37Item 2. Unregistered Sales of Equity Securities and Use of Proceeds37Item 3. Defaults Upon Senior Securities38Item 4. Mine Safety Disclosures38Item 5. Other Information38Item 6. Exhibits39 UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIESCONSOLIDATED BALANCE SHEETS (UNAUDITED) UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) (in thousands, except share and per share data) UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) (in thousands) UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(UNAUDITED) (in thousands, except for share data) UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(UNAUDITED) (in thousands, except for share data) (UNAUDITED) (in thousands) UNIVERSAL DISPLAY CORPORATION AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 1.BUSINESS: UniversalDisplay Corporation and its subsidiaries(the Company)is a leader in the research,development andcommercialization of organic light emitting diode (OLED) technologies and materials for use in display and solid-state lightingapplications. OLEDs are thin, lightweight and power-efficient solid-state devices that emit light and can be manufactured on bothflexible and rigid substrates, making them highly suitable for use in full-color displays and as lighting products. OLED displays arecapturing a growing share of the display market, especially in the mobile phone, television, monitor, wearable, tablet, notebook andpersonal computer, augmented reality (AR), virtual reality (VR) and automotive markets. The Company believes this is becauseOLEDs offer potential adva