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Side-by-side financial comparison of Arlo Technologies, Inc. (ARLO) and UNIVERSAL DISPLAY CORP \PA\ (OLED). Click either name above to swap in a different company.
UNIVERSAL DISPLAY CORP \PA\ is the larger business by last-quarter revenue ($142.2M vs $141.3M, roughly 1.0× Arlo Technologies, Inc.). UNIVERSAL DISPLAY CORP \PA\ runs the higher net margin — 25.2% vs 4.1%, a 21.2% gap on every dollar of revenue. On growth, Arlo Technologies, Inc. posted the faster year-over-year revenue change (16.2% vs -14.5%). Over the past eight quarters, Arlo Technologies, Inc.'s revenue compounded faster (6.7% CAGR vs -5.3%).
Arlo Technologies is an American company that makes wireless surveillance cameras. Prior to an initial public offering (IPO) on the New York Stock Exchange in August 2018, Arlo was a brand of such products by Netgear, which retained majority control after the IPO.
Universal Display Corporation is a developer and manufacturer of organic light emitting diode (OLED) technologies and materials, and it is a provider of services to the display and lighting industries.
ARLO vs OLED — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $141.3M | $142.2M |
| Net Profit | $5.8M | $35.9M |
| Gross Margin | 46.4% | 74.6% |
| Operating Margin | 3.3% | 30.1% |
| Net Margin | 4.1% | 25.2% |
| Revenue YoY | 16.2% | -14.5% |
| Net Profit YoY | 218.6% | -44.3% |
| EPS (diluted) | $0.06 | $0.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $142.2M | ||
| Q4 25 | $141.3M | $172.9M | ||
| Q3 25 | $139.5M | $139.6M | ||
| Q2 25 | $129.4M | $171.8M | ||
| Q1 25 | $119.1M | $166.3M | ||
| Q4 24 | $121.6M | $162.3M | ||
| Q3 24 | $137.7M | $161.6M | ||
| Q2 24 | $127.4M | $158.5M |
| Q1 26 | — | $35.9M | ||
| Q4 25 | $5.8M | $66.3M | ||
| Q3 25 | $6.9M | $44.0M | ||
| Q2 25 | $3.1M | $67.3M | ||
| Q1 25 | $-835.0K | $64.4M | ||
| Q4 24 | $-4.9M | $46.0M | ||
| Q3 24 | $-4.4M | $66.9M | ||
| Q2 24 | $-11.6M | $52.3M |
| Q1 26 | — | 74.6% | ||
| Q4 25 | 46.4% | 76.1% | ||
| Q3 25 | 40.5% | 74.6% | ||
| Q2 25 | 44.9% | 77.2% | ||
| Q1 25 | 44.3% | 77.1% | ||
| Q4 24 | 36.9% | 77.0% | ||
| Q3 24 | 35.2% | 77.8% | ||
| Q2 24 | 36.8% | 75.8% |
| Q1 26 | — | 30.1% | ||
| Q4 25 | 3.3% | 38.9% | ||
| Q3 25 | 0.6% | 30.9% | ||
| Q2 25 | 1.5% | 39.9% | ||
| Q1 25 | -1.2% | 41.9% | ||
| Q4 24 | -5.0% | 32.3% | ||
| Q3 24 | -4.0% | 41.5% | ||
| Q2 24 | -10.0% | 35.6% |
| Q1 26 | — | 25.2% | ||
| Q4 25 | 4.1% | 38.4% | ||
| Q3 25 | 4.9% | 31.5% | ||
| Q2 25 | 2.4% | 39.2% | ||
| Q1 25 | -0.7% | 38.8% | ||
| Q4 24 | -4.0% | 28.4% | ||
| Q3 24 | -3.2% | 41.4% | ||
| Q2 24 | -9.1% | 33.0% |
| Q1 26 | — | $0.76 | ||
| Q4 25 | $0.06 | $1.40 | ||
| Q3 25 | $0.06 | $0.92 | ||
| Q2 25 | $0.03 | $1.41 | ||
| Q1 25 | $-0.01 | $1.35 | ||
| Q4 24 | $-0.05 | $0.96 | ||
| Q3 24 | $-0.04 | $1.40 | ||
| Q2 24 | $-0.12 | $1.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $146.4M | $516.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $127.8M | — |
| Total Assets | $310.5M | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $516.4M | ||
| Q4 25 | $146.4M | $602.4M | ||
| Q3 25 | $86.0M | $603.0M | ||
| Q2 25 | $71.2M | $525.2M | ||
| Q1 25 | $84.0M | $571.3M | ||
| Q4 24 | $82.0M | $492.7M | ||
| Q3 24 | $77.0M | $551.6M | ||
| Q2 24 | $62.9M | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | $127.8M | $1.8B | ||
| Q3 25 | $129.2M | $1.7B | ||
| Q2 25 | $118.3M | $1.7B | ||
| Q1 25 | $103.4M | $1.7B | ||
| Q4 24 | $100.9M | $1.6B | ||
| Q3 24 | $96.9M | $1.6B | ||
| Q2 24 | $99.3M | $1.5B |
| Q1 26 | — | $1.9B | ||
| Q4 25 | $310.5M | $2.0B | ||
| Q3 25 | $350.9M | $1.9B | ||
| Q2 25 | $319.7M | $1.9B | ||
| Q1 25 | $296.6M | $1.9B | ||
| Q4 24 | $298.4M | $1.8B | ||
| Q3 24 | $312.4M | $1.8B | ||
| Q2 24 | $295.8M | $1.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $19.8M | $108.9M |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 3.43× | 3.03× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $108.9M | ||
| Q4 25 | $19.8M | $31.1M | ||
| Q3 25 | $19.2M | $97.2M | ||
| Q2 25 | $8.8M | $51.9M | ||
| Q1 25 | $30.9M | $30.6M | ||
| Q4 24 | $6.7M | $34.7M | ||
| Q3 24 | $18.4M | $79.9M | ||
| Q2 24 | $6.5M | $67.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $15.1M | ||
| Q3 25 | — | $84.3M | ||
| Q2 25 | — | $37.5M | ||
| Q1 25 | $28.1M | $17.5M | ||
| Q4 24 | $5.6M | $22.0M | ||
| Q3 24 | $17.4M | $66.2M | ||
| Q2 24 | $6.2M | $57.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | 8.7% | ||
| Q3 25 | — | 60.4% | ||
| Q2 25 | — | 21.8% | ||
| Q1 25 | 23.6% | 10.5% | ||
| Q4 24 | 4.6% | 13.6% | ||
| Q3 24 | 12.6% | 41.0% | ||
| Q2 24 | 4.8% | 36.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 9.3% | ||
| Q3 25 | — | 9.2% | ||
| Q2 25 | — | 8.4% | ||
| Q1 25 | 2.4% | 7.9% | ||
| Q4 24 | 0.9% | 7.8% | ||
| Q3 24 | 0.7% | 8.4% | ||
| Q2 24 | 0.2% | 5.8% |
| Q1 26 | — | 3.03× | ||
| Q4 25 | 3.43× | 0.47× | ||
| Q3 25 | 2.79× | 2.21× | ||
| Q2 25 | 2.83× | 0.77× | ||
| Q1 25 | — | 0.47× | ||
| Q4 24 | — | 0.75× | ||
| Q3 24 | — | 1.19× | ||
| Q2 24 | — | 1.28× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARLO
| Subscriptions And Services | $89.4M | 63% |
| Products | $51.9M | 37% |
OLED
| Material sales | $83.7M | 59% |
| Royalty and license fees | $54.2M | 38% |
| Contract research services | $4.3M | 3% |
