United Microelectronics (NYSE:UMC) Announces Earnings Results

Posted by Geri Gentry on Jul 29th, 2026

United Microelectronics (NYSE:UMC – Get Free Report) posted its quarterly earnings results on Wednesday. The semiconductor company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.37, FiscalAI reports. United Microelectronics had a net margin of 20.71% and a return on equity of 13.67%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion.

Here are the key takeaways from United Microelectronics’ conference call:

Second-quarter performance improved: Revenue rose 12.6% quarter over quarter to TWD 68.73 billion, gross margin reached 32.5%, utilization increased to 85%, and wafer shipments grew 10.6%.
UMC expects continued momentum in the third quarter, guiding for high-single-digit shipment growth, utilization above 90%, firm U.S.-dollar ASPs, and gross margin in the mid-30% range, supported by power-management ICs, sensors, microcontrollers, and a rebound in 8-inch demand.
Management projects AI-related revenue of approximately US$300 million in 2026 and more than US$1 billion within three years, spanning connectivity, power management, FPGA, advanced packaging, and silicon photonics.
The board approved phased capacity investments, including clean-room expansion at Singapore P4 and a new Tainan fab for advanced packaging; 2026 CapEx was raised to US$2 billion from US$1.5 billion to prepare for AI-driven demand.
Management said the recovery is not yet broad-based; handset, PC, and notebook demand is expected to decline year over year, while customer inventories remain elevated in consumer, smartphone, automotive, and industrial segments. Increased investment is also expected to drive low-teens annual depreciation growth for at least the next two years, potentially limiting gross-margin expansion.

United Microelectronics Stock Up 0.0%

NYSE:UMC traded up $0.01 on Wednesday, hitting $17.36. 11,521,981 shares of the company’s stock traded hands, compared to its average volume of 13,803,392. The company has a market cap of $43.72 billion, a PE ratio of 26.69, a price-to-earnings-growth ratio of 2.26 and a beta of 1.58. United Microelectronics has a 1 year low of $6.56 and a 1 year high of $28.96. The company has a current ratio of 2.72, a quick ratio of 2.23 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $22.54 and a 200-day moving average price of $14.94.

United Microelectronics Increases Dividend

The firm also recently disclosed an annual dividend, which will be paid on Thursday, August 6th. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.4122 per share. This represents a yield of 166.0%. The ex-dividend date is Wednesday, July 8th. This is a boost from United Microelectronics’s previous annual dividend of $0.37. United Microelectronics’s dividend payout ratio is 49.23%.

Wall Street Analyst Weigh In

UMC has been the subject of a number of research analyst reports. Wall Street Zen upgraded United Microelectronics from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of United Microelectronics in a report on Tuesday, May 26th. Finally, BNP Paribas Exane reissued an “underperform” rating on shares of United Microelectronics in a research note on Thursday, May 28th. One research analyst has rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Strong Sell” and an average target price of $8.60.

View Our Latest Analysis on UMC

Institutional Trading of United Microelectronics

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in United Microelectronics by 873.8% in the 4th quarter. AQR Capital Management LLC now owns 9,464,312 shares of the semiconductor company’s stock valued at $74,389,000 after buying an additional 8,492,466 shares during the period. Rafferty Asset Management LLC boosted its stake in shares of United Microelectronics by 50.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 8,403,064 shares of the semiconductor company’s stock valued at $64,283,000 after buying an additional 2,826,486 shares during the period. Bank of America Corp DE grew its holdings in shares of United Microelectronics by 4.9% during the 3rd quarter. Bank of America Corp DE now owns 7,388,868 shares of the semiconductor company’s stock valued at $56,008,000 after acquiring an additional 344,416 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of United Microelectronics by 10.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,655,721 shares of the semiconductor company’s stock valued at $40,438,000 after acquiring an additional 537,777 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of United Microelectronics by 35.2% in the fourth quarter. Barclays PLC now owns 5,511,784 shares of the semiconductor company’s stock worth $43,323,000 after acquiring an additional 1,435,780 shares during the last quarter. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Key United Microelectronics News

Here are the key news stories impacting United Microelectronics this week:

Positive Sentiment: Q2 earnings beat expectations: UMC reported earnings of $0.53 per share, well above the $0.16 consensus estimate, while revenue of $2.16 billion slightly exceeded forecasts. Separately, the company reported second-quarter revenue of NT$68.73 billion, up 12.6% sequentially and 17.0% year over year, with a 32.5% gross margin. UMC Reports Second Quarter 2026 Results
Positive Sentiment: AI-related capacity expansion: UMC’s board approved additional cleanroom capacity at its Singapore facility and construction of a new fab building at its Tainan campus. The investments are intended to address accelerating AI-driven demand and support future revenue growth. Taiwan’s UMC raises 2026 capex
Positive Sentiment: Technology and analyst support: UMC expects Intel 12-nanometer design kits by year-end and said silicon photonics production is underway. Wedbush raised its price target following the results, while Zacks added UMC to its Rank #1 momentum-stock list. United Microelectronics price target raised at Wedbush
Neutral Sentiment: UMC filed its reviewed second-quarter financial statements with the U.S. Securities and Exchange Commission, providing formal regulatory disclosure of the results. UMC files reviewed Q2 financials
Negative Sentiment: The stock had fallen sharply ahead of the earnings release, reflecting investor caution and marking its fourth consecutive declining session. Higher capital spending for new capacity could also pressure near-term cash flow before the investments generate returns. UMC declines ahead of earnings

About United Microelectronics

(Get Free Report)

United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that provides wafer fabrication and related manufacturing services to a global customer base. Founded in 1980, the company operates as a pure-play foundry, producing integrated circuits for a range of customers including fabless semiconductor companies and integrated device manufacturers. UMC is publicly listed (NYSE: UMC) and focuses on high-reliability manufacturing rather than branding consumer products.

UMC’s core services encompass wafer fabrication using a portfolio of process technologies, with particular emphasis on mature and specialty nodes that support analog, power-management, radio-frequency (RF), and mixed-signal applications.