Universal Display Corporation (OLED): Expansion in IT and Consumer Electronics OLED Adoption Is A Crucial Growth Factor! 

Universal Display Corporation reported a robust performance in the second quarter of 2024, with revenues reaching $159 million, marking an 8% increase from the same period in the previous year. The company’s operating income stood at $56 million, translating into a 36% operating margin, slightly down from the 40% seen in the prior year’s quarter. Net income was reported at $52 million, or $1.10 per diluted share, showing growth compared to $50 million, or $1.04 per diluted share, in 2023.