OLED Universal Display margins

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Relative Growth: Rel. Growth: 66
Relative Strength: Rel. Strength: 38
Relative Valuation: Rel. Valuation: 52
Relative Profitability: Rel. Profitability: 85
Gross margin
74.9%
Operating margin
34.6%
EBITDA margin
52.9%
Net margin
36.7%

Based on the latest figures, Universal Display reports a gross margin of 74.9%, an operating margin of 34.6%, an EBITDA margin of 52.9%, and a net margin of 36.7%. EBITDA margin reported the largest year-over-year gain at 3 percentage points, while operating margin reported the largest decline at 1.9 percentage points.

OLED margin history

Gross, operating, EBITDA and net margin trends

Looking back over the last 3 years, Universal Display recorded average margins of 76.31% gross, 37.08% operating, 50.58% EBITDA, and 35.44% net. The current figures show EBITDA and net margins are above their three-year averages, while gross and operating margins are below their three-year averages.

OLED margin expansion

Year-over-year margin changes in percentage points

Universal Display's EBITDA margin expanded by 3 percentage points and net margin by 2.1 percentage points, but gross margin contracted by 1.6 percentage points and operating margin by 1.9 percentage points.

Gross margin expansion
-1.6pp
Operating margin expansion
-1.9pp
EBITDA margin expansion
3pp
Net margin expansion
2.1pp

OLED Gross margin

Over the last 3 years, Universal Display's gross margin averaged 76.31%. Currently, Universal Display's current gross margin is 74.9%, which is 1.4 percentage points below its three-year average. During this period, gross margin reached a high of 77.2% in Jun 2025 and a low of 74.9% in Sep 2026.

OLED Operating margin

The average operating margin for Universal Display was 37.08% over the last 3 years. As of the latest period, the current operating margin for Universal Display is 34.6%, 2.5 percentage points below its three-year average. The operating margin for Universal Display moved between 34.1% in Jun 2026 and 39% in Sep 2024.

OLED EBITDA margin

The average EBITDA margin for Universal Display was 50.58% over the last 3 years. The latest EBITDA margin for Universal Display is 52.9%, 2.3 percentage points above its three-year average. The EBITDA margin for Universal Display moved between 47.4% in Jun 2026 and 52.9% in Sep 2026.

OLED Net margin

The average net margin for Universal Display was 35.44% across the past 3 years. The latest net margin for Universal Display is 36.7%, 1.3 percentage points above its three-year average. The net margin for Universal Display moved between 32.2% in Jun 2026 and 37.2% in Dec 2025.

OLED margin group comparison

Margins compared with peer-group, industry and sector averages

Universal Display's gross margin of 74.9% is higher than the Technology sector and the industry average. In comparison with the Technology sector average of 52.3%, Universal Display's gross margin is 43% higher.

OLED margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Universal Display's gross margin?

For the period ending Sep 30, 2026, OLED recorded a gross margin of 74.9%.

What is Universal Display's operating margin?

The current operating margin for OLED is 34.6% as of Sep 30, 2026.

What is Universal Display's EBITDA margin?

The current EBITDA margin for OLED is 52.9% as of Sep 30, 2026.

What is Universal Display's net margin?

As of Sep 30, 2026, OLED has a net margin of 36.7%.

What are the average margins of OLED?

Over the past 3 years, OLED reported average margins of 76.3% gross, 37.1% operating, 50.6% EBITDA, and 35.4% net.

What are the highest historical margins of OLED?

Universal Display's highest recorded margins during the past 5 years were 79.1% gross in Dec 2022, 43.3% operating in Dec 2022, 52.9% EBITDA in Sep 2026, and 37.2% net in Dec 2025.

What are the lowest historical margins of OLED?

Universal Display's lowest recorded margins during the past 5 years were 74.9% gross in Sep 2026, 34.1% operating in Jun 2026, 47.4% EBITDA in Jun 2026, and 31.8% net in Jun 2022.