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Q121 Display Revenue Forecast To Reach $27B Up 53% Y/Y But Down 11% From Q420’s Record $30.5B
Prices are up, demand is up from WFH/LFH and rebounding economies. Operating margins are expected to improve from -4% a year ago to a much healthier 11% in Q1’21. Net margins are expected to improve from -2% to +7%. DSCC’s Quarterly Display Supply Chain Financial Health Report goes back to Q1’13 and double-digit operating margins have only been realized in four of the last 32 quarters. The quarter with the highest operating margins was in Q1’17 at 13%. DSCC says that 13% OPMs can be eclipsed in the next couple of quarters as prices continue to rise helped by rising demand.
Table 1: Q121 Panel Revenue, Share, Growth
Prices are up, demand is up from WFH/LFH and rebounding economies. Operating margins are expected to improve from -4% a year ago to a much healthier 11% in Q1’21. Net margins are expected to improve from -2% to +7%. DSCC’s Quarterly Display Supply Chain Financial Health Report goes back to Q1’13 and double-digit operating margins have only been realized in four of the last 32 quarters. The quarter with the highest operating margins was in Q1’17 at 13%. DSCC says that 13% OPMs can be eclipsed in the next couple of quarters as prices continue to rise helped by rising demand.
Table 1: Q121 Panel Revenue, Share, Growth
Expectations are that in 2021 substrates for small/medium displays (m2), will grow 34% Y/Y from 19.1m to 25.7m.
Figure 1: Small/Medium Substrate Volume by Technology
Figure 1: Small/Medium Substrate Volume by Technology
Table 2: 2021 Mobile Substrates by Technology
