An embodiment of the present invention discloses a display panel and a display device. The display panel includes a dual-sided light emitting device layer, an optical modulation layer, and a cover plate layer. The optical modulation layer is located between the dual-sided light emitting device layer and the cover plate layer. The optical modulation layer is configured to reflect light emitted from the dual-sided light emitting device layer toward the cover plate layer. The present invention disposes the optical modulation layer between the dual-sided light emitting device layer and the cover plate layer to prevent light waste.