OLED provider Universal Display (NASDAQ: OLED) will be announcing earnings results tomorrow after market hours. Here’s what to expect.

Universal Display beat analysts’ revenue expectations by 8.7% last quarter, reporting revenues of $162.3 million, up 2.5% year on year. It was a slower quarter for the company, with full-year revenue guidance missing analysts’ expectations and a significant miss of analysts’ EPS estimates.

Is Universal Display a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Universal Display’s revenue to decline 5.8% year on year to $155.6 million, a reversal from the 26.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.12 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Universal Display has missed Wall Street’s revenue estimates six times over the last two years.

Looking at Universal Display’s peers in the analog semiconductors segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Texas Instruments delivered year-on-year revenue growth of 11.1%, beating analysts’ expectations by 4.1%, and Impinj reported a revenue decline of 3.3%, topping estimates by 3.7%. Texas Instruments traded up 6.7% following the results while Impinj was also up 16.9%.

Read our full analysis of Texas Instruments’s results here and Impinj’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the analog semiconductors stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 5.6% on average over the last month. Universal Display is down 8.9% during the same time and is heading into earnings with an average analyst price target of $176.69 (compared to the current share price of $126.55).

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