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United Microelectronics (UMC) investor relations material
United Microelectronics Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q3 revenue rose 8.0% QoQ and 25.6% YoY to NT$74,239M; operating income increased 24.7% QoQ and 67.7% YoY to NT$18,643M.
Record wafer shipments reached 1.212M 12-inch-equivalent wafers, up 7.3% QoQ; utilization rose to 92% from 85%.
Q3 parent-attributable net income was NT$16,434M, down 61.1% QoQ as Q2 non-operating income was exceptionally high.
Nine-month revenue reached NT$204,010M, up 16.1% YoY; parent-attributable net income rose 136.5% to NT$74,865M.
2027 growth is expected to shift toward richer product mix and pricing, with shipment growth constrained by manufacturing capacity.
Financial highlights
Q3 gross profit was NT$25,205M, up 12.9% QoQ and 43.0% YoY; gross margin was 34.0%, versus 32.5% in Q2 and 29.8% in Q3 2025.
Q3 operating expenses were NT$7,272M, down 8.0% QoQ; operating margin rose to 25.1% from 21.8%.
Q3 net income was NT$16,389M, down 61.2% QoQ and up 9.7% YoY; EPS was NT$1.32 and EPADS was US$0.206.
Q3 net non-operating income was NT$1,268M, versus NT$30,236M in Q2, including NT$1,160M net investment gain and NT$130M net interest income.
Nine-month gross profit was NT$65.3B and gross margin 32.0%; operating income rose 41.4% to NT$44,869M, and EPS was NT$6.00.
Outlook and guidance
Q4 wafer shipments are expected to rise at a low-single-digit rate QoQ; USD ASP is expected to remain firm, gross margin comparable to Q3, and utilization in the low-90% range.
Q4 2026 capacity is forecast at 1.337M 12-inch-equivalent wafers, versus 1.325M in Q3; 12i capacity is projected at 204,000 wafers, up from 192,000.
2027 blended ASP is expected to increase 10% YoY for the full year, with pricing improvements and richer product mix; uplift is expected to begin in Q1.
2027 demand momentum is expected to continue, but shipment growth will be constrained by available manufacturing capacity; capacity growth is expected to be minimal.
Depreciation is expected to grow at a low-single-digit rate in 2027 and potentially faster in 2028.
- Q2 revenue rose 14.7% YoY as net income nearly doubled.UMC
Q2 2021 - Q4 margin expansion and higher earnings lifted FY revenue to NT$176.8 billion.UMC
Q4 2020 - Revenue grew 11.4% YoY as margins expanded and the NT$100B P6 expansion advanced.UMC
Q1 2021 - Q3 earnings surged YoY as revenue and margins advanced.UMC
Q3 2020 - Revenue rose 29.7% YoY as operating income swung to profit; Q1 net income was NT$1,230M.UMC
Q1 2020 - FY2023 revenue fell 20.2%; Q4 22/28nm reached a record 36% of wafer revenue.UMC
Q4 2023 - Q2 revenue rose 17% YoY as shipments grew and utilization reached 85%.UMC
Q2 2026 - Net income rose 107.9% YoY as record 22nm revenue and Q2 shipment growth supported the outlook.UMC
Q1 2026 - Q4 revenue grew, while record 22nm momentum and 2026 investment support growth.UMC
Q4 2025
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