OLED is a display technology that enables thin, efficient, flexible and bright displays, TVs and lighting devices. OLED displays offer the world's best image quality - and enables future foldable and rollable displays (see more here - What is OLED?).
The OLED market is already a multi-billion dollar market, led by Samsung and LG Display with their smartphone and TV OLED businesses. It is estimated that OLED displays generated around $25 billion in revenues in 2018 (and analysts expect the market to continue its fast growth in the future).
For public investors interested in the OLED market, there are several good options:
- Universal Display Corporation: UDC is an OLED pioneer, and holds many of the key patents in the industry (mostly around efficient phosphorescent OLED emitters). Virtually all AMOLED displays on the market adopt UDC's PHOLED materials, and the company experienced very fast growth in revenue in recent years. Universal Display's stock ticker is OLED, you can see the OLED share price here.
- eMagin: eMagin is an OLED microdisplay pioneer, and has been developing and producing such displays for many years, focusing on the defense market and recently also on the consumer VR/AR market. eMagin's stock ticker is EMAN.
- OLED display makers: OLED display makers can be a good investment opportunity - especially companies that have a focus on OLED displays - such as Samsung Display and LG display, BOE Display and more.
- OLED equipment makers: There are several public equipment companies (for example Coherent and Applied Materials) that enjoyed the recent OLED capacity expansion as new OLED fabs require new equipment to produce OLED displays. These companies could be a good investment opportunity to investors who believes a new wave of OLED capacity expansion is near.
For private investors who want to find early-stage startups, we offer the OLED crowdfunding arena, a new and innovative service!
We'll be happy to hear your thoughts on OLED investing - join the discussion at our investment forum!
The latest OLED stock news:
OLED driver IC developer MagnaChip says that it expects revenues in Q4 2019 to reach $198-200 million, up from its earlier estimate of $181-191 million.
MagnaChip says that its OLED revenue was significantly better than had been expected.
In March 2017 OLED maker BOE Technology and OLED microdisplay maker OLiGHTEK announced a new $170 million joint-venture to produce OLED microdisplays for the consumer VR and AR markets
Once complete, BOE's fab will have the largest capacity in the industry - but this is not enough for BOE. Yesterday it was reported in Chinese media that BOE plans to build a second, larger OLED microdisplay fab in Yunnan. BOE will invest $257 million while a state-owned development group will invest $28 million. BOE will also raise $200 million from external sources. Total investment in the new fab will total $486 million.
In October 2019 Samsung Display formally announced its decision to invest $10.85 billion in QD-OLED TV R&D and production lines. SDC was supposed to start the plan in 2019, but according to a report from China the Company is delaying its initial investment. Originally mass production was supposed to begin in Q1 2021, but this may happen later if the investment is delayed.
It seems as if equipment makers expected to receive orders for production equipment, but that did not happen. The report says that Samsung decided to make personnel changes and transfer in January 2020 and only after these changes will the company finalize its investment plan in the new OLED TV fab.
Meyer Burger announced that it is selling its PixDro inkjet printing business to Germany-based Suss MicroTec SE. The agreed price is $5 million, and the transaction is expected to be completed by the end of February 2020. Meyer Burger reveals that PixDro currently has annual sales of around $8 million. This transaction continues Meyer burger's strategic focus on its solar (PV) business.
PixDro develops and manufactures inkjet printing equipment for for the electronics and semiconductor industries. PixDro started out as a startup in Isarel, and was later integrated into the Netherlands-based OTB-Group, which was later renamed Roth & Rau AG, which was then acquired by Meyer Burger. The company continues its journey and will now be part of Suss MicroTec.
The first order is a follow-on order for $4.3 million in connection with the U.S. Army’s Enhanced Night Vision Goggle – Binocular (ENVG-B) program - which is expected to result in more orders as this is a multi-year program. The second order if from a major defense contractor (eMagin did not detail further) - and worth $5.6 million.
In September 2019, CPT (Chunghwa Picture Tubes) filed for bankruptcy - as the company could not repay its debt.
CPT was established in 1971 in Taiwan and was a CRT and LCD display maker. In 2012 CPT started to develop AMOLED technologies and the company established a small-size experimental line. Later on CPT actually started to produce AMOLEDs in low volume, and also developed flexible OLED technologies.
OLED microdisplay maker eMagin reported its financial results for Q3 2019. Revenues were $7.9 million (up from $6.9 million a year ago) and operating loss was $0.4 million (down from $1.3 million in Q3 2018).
eMagin says that these financial results present a significant improvement, with the second highest quarter revenues in the Company's history. The company demonstrated significant improvement in yield and throughput as production volumes increased over 50% from the second quarter.
Photonics-based solutions provider Coherent reported its financial results for Q3 2019 - revenues of $335.5 million and a non-GAAP gross profit of $122 million.
Regarding the OLED market, Coherent says that it finally started to receive some new orders for OLED equipment (ELA), following a "stretch" where there were no new system orders. Coherent says that it looks forward to the OLED ramp - with 2020 as a "bit of a recovery over 2019" - but the real strength coming in 2021 and 2022.
Samsung Electronics reported its financial results for Q3 2019 - with sales of 62 trillion Won ($53 billion USD) and an operating profit of 7.78 trillion Won ($6.6 billion USD). Samsung reported lower memory earnings - but stronger smartphone and OLED panel sales.
Samsung Display saw increased profit from smartphone displays as demand for flexible OLED panels increased. SDC also reported improved OLED utilization rates.
Universal Display reported its Q3 2019 financial results - revenues were $97.5 million, and net income was $37 million. This was another strong quarter for the company, which increased its 2019 guidance to revenues of $400 - $410 million.
UDC believes that year-end 2019 will have an installed OLED square meter cpaacity that is 50% larger than year-end 2017. In 2020 the company sees continued revenue and earnings growth. By 2021, UDC sees OLED capacity to incrase about 50% again over year-end 2019.