Investing in OLEDs: discover OLED stocks to invest in - Page 2

Universal Display reports its financial results for Q3 2023, is on track for a commercial blue in 2024

Universal Display reported its financial results for Q3 2023, with revenues of $141 million (down from $161 million last year) and a net income of $52 million (slightly down from 2022). At the end of the quarter, UDC had $779 in cash and equivalents, and the company updated its guidance for 2023, with revenues to be in the range of $565 million to $590 million.

UDC PHOLED materials photo (2017)
UDC is  optimistic about the near future in the OLED industry, citing market reports that suggest increased demand and production for foldable smartphones and laptops, IT OLED displays, OLED TVs and automotive OLED displays.

Read the full story Posted: Nov 03,2023

Samsung Electronics reports its latest financial results, is optimistic about the mobile OLED market

Samsung Electronics reported its financial results for Q3 2023, with revenues of $50 billion, down 12% from last year, and an operating profit of $1.78 billion - down 78% than last year, but an increase over the previous two quarters. Samsung says that there are still macroeconomic uncertainties, but it sees a recovery in the memory  market in 2024.

Samsung Display reports strong performance in the mobile panel business, as there's good demand for premium OLED smartphone panels panels, and it expects this to be maintained in the near future. The company also hope to expand its large-area QD-OLED panel sales, led by seasonal demand.

Read the full story Posted: Oct 31,2023

Everdisplay's losses increase as demand for OLED displays in sluggish

China-based AMOLED producer Everdisplay (EDO) reported its financial results for Q3  2023. Net loss increased to 1.1 billion Yuan ($150 million USD), and total loss in 2023 so far was 2.39 billion Yuan (around $325 million USD). 

Everdisplay 6-gen flexible OLED fab Shanghai (render)

The company says that the increased loss and drop in revenues were due to the global economic recession and weak demand in the consumer electronics market. The industry is facing a fierce price competition with radical price drops by AMOLED makers causing revenues and losses to decline.

Read the full story Posted: Oct 30,2023

Valiant plans to spin-off and list its OLED production subsidiary, Yantai Gem Chemicals

China-based Valiant announced plans to spin-off its OLED production subsidiary, Yantai Gem Chemicals. 

Yantai Gem Chemicals was established in 2005, and it produces intermediate materials for OLED panels (and other applications). If Valiant is successful in its plan, Yantai Gem will list in Shanghai's stock exchange. Following the spin-off, it will become an independent company, while Valiant will remain the major shareholder.

Read the full story Posted: Aug 22,2023

Everdisplay reports an increased financial loss in the first half of 2023 as demand for OLED displays continues to be weak

China-based AMOLED producer Everdisplay (EDO) reported its financial results for the first half of 2023. The company's income was 1.373 billion yuan ($189 million USD), a decrease of 23.4% from the first half of 2022. The company's loss was 1.296 billion yuan ($178 million USD), an increase of 173% from 2022. 

Everdisplay 6-gen flexible OLED fab Shanghai (render)

Everdisplay attributes its loss to the global economic recession that results in weak demand for consumer electronics, and also to the overcapacity in the industry which leads to aggressive pricing by OLED makers. In addition to the market conditions, Everdisplay's interest expenses has increased and exchange rate fluctuations results in more losses.

Read the full story Posted: Aug 14,2023

LGD reports its financial results for Q2 2023, is on track in its 6-Gen line, but delays plans for an 8-Gen laptop OLED line

LG Display reported its financial results for Q2 2023, with revenues of 4.74 trillion Won ($3.7 billion USD) - up 7% from last quarter, and an operating loss of 881 billion Won ($690 million USD). LGD says that demand for display panels increased during the quarter.

LGD is on track to begin mass production of medium-sized panels in the first half of 2024, building a new 6-Gen production line, that is reportedly aimed to supply for Apple's iPad Pro, the first Apple tablet to sport an AMOLED display.

Read the full story Posted: Jul 27,2023

Tianma, BOE and Visionox report their latest financial results as profits decline, but demand for OLED panels increases

Three display makers in China (BOE, Tianma and Visionox) reported their preliminary financial results for the first half of 2023. It seems as if all companies are facing a sluggish economy and lower demand for displays - but the OLED business is actually seeing increased demand.

We'll start with BOE, that expects an operating profit of around 700-800 million Yuan ($97-110 million USD) in the first half of 2023, a decrease of around 90% from last year. BOE says that it is starting to see demand increasing as the year progresses.

Read the full story Posted: Jul 16,2023