Universal Display Corp at Oppenheimer Technology, Internet & Communications Conference (Virtual) Transcript

Aug 11, 2021

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Aug 11, 2021 / 02:45PM GMT
Martin Yang - Oppenheimer & Co. Inc., Research Division - Associate

Good morning, everyone. Welcome to the 24th Oppenheimer Tech Conference. This morning, we have the pleasure to host a fireside chat with the CFO of Universal Display, Sidney Rosenblatt. Welcome, Sidney.

Sidney D. Rosenblatt - Universal Display Corporation - Executive VP, CFO, Treasurer, Secretary & Director

Thank you very much for having us today, Martin.

Questions and Answers:

Martin Yang - Oppenheimer & Co. Inc., Research Division - Associate

Great. Let's dive right into the questions. You just reported your 2Q earnings last week, and one focus on the call was the gross margin. Material gross margin also has been a recurring topic for investors, and it varied between quarter-on-quarter. Sometimes those variants can be greater than 500 basis points, as we saw in the most recent quarter. Can you maybe provide us with more context and color on the 2Q gross margin and just, in general, some of the moving parts to your material gross

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