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A number of stocks fell in the morning session after benchmark 10-year U.S. Treasury yields rose above 5.1%, renewing pressure on high-multiple technology valuations.
OLED provider Universal Display (NASDAQ:OLED) missed Wall Street’s revenue expectations in Q2 CY2026, with sales falling 11.4% year on year to $152.2 million. On the other hand, the company’s full-year revenue guidance of $650 million at the midpoint came in 0.8% above analysts’ estimates. Its GAAP profit of $1.06 per share was 2.4% above analysts’ consensus estimates.
A number of stocks fell in the afternoon session after investors took profits following the chip sector's strong rally in the first half of the year as Middle East tensions escalated.
A number of stocks fell in the afternoon session after a report that South Korea's SK Hynix is slowing its high-bandwidth memory (HBM) expansion rattled the AI-chip complex.
OLED provider Universal Display (NASDAQ:OLED) fell short of the market’s revenue expectations in Q1 CY2026, with sales falling 14.5% year on year to $142.2 million. The company’s full-year revenue guidance of $650 million at the midpoint came in 3.5% below analysts’ estimates. Its non-GAAP profit of $0.76 per share was 36.7% below analysts’ consensus estimates.
The analysts might have been a bit too bullish on Universal Display Corporation ( NASDAQ:OLED ), given that the company...
OLED Q1 earnings and revenues miss as weak demand, mix shifts and lower volumes weigh, prompting a 2026 revenue outlook cut amid uncertainty.
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