United Microelectronics Q1 Earnings Call Highlights

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United Microelectronics (NYSE:UMC) reported first-quarter 2026 results that absorption said showed maturation versus some the anterior 4th and the year-ago period, portion besides outlining expectations for stronger second-quarter shipments and a imaginable wafer terms accommodation successful the 2nd fractional of 2026.

First-quarter results and drivers

CFO Chitung Liu said consolidated gross successful the archetypal 4th was TWD 61.04 billion and gross borderline was 29.2%. Net income attributable to shareholders of the genitor was TWD 16.17 billion, with net per mean stock of TWD 1.29 (and TWD 0.204 per ADS).

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On a sequential basis, Liu said gross was “basically level oregon down 1.2%” to TWD 61.4 billion and gross borderline declined to 29.2% from 30.7%. Net income roseate 50% sequentially, which helium attributed successful portion to non-operating income that accrued to TWD 5.3 billion, citing “the spot of the banal marketplace performance.”

Year implicit year, Liu said gross accrued 5.5%, “mainly owed to shipment increase,” and gross borderline improved by 2.5 percent points. He besides cited nett income maturation versus TWD 7.7 billion successful the archetypal 4th of past year.

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On the equilibrium sheet, Liu highlighted full equity of TWD 406 billion and said currency connected manus remained “over TWD 100 billion” astatine the extremity of the quarter.

Utilization, merchandise mix, and exertion trends

Liu said wafer shipments accrued 2.7% sequentially, driven by “relatively beardown maturation successful the user segment,” which lifted utilization to 79%. He added that blended mean selling terms declined slightly, chiefly owed to “better-than-expected 8-inch wafer shipment,” which lowered the blended ASP.

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On end-market mix, UMC indicated connection represented 39% of first-quarter revenue, down 3 percent points 4th implicit quarter, portion user roseate 4 percent points to 32%. Liu besides pointed to an IDM gross publication diminution to 14% from 20% successful the anterior quarter.

On exertion mix, Liu said gross beneath 40nm remained supra 50% of full shipment, and 28nm/22nm was astir 34%, “slightly declined” from the erstwhile quarter. He besides said request for 22nm logic and specialty process continued to summation momentum, with 22nm gross reaching different grounds high and accounting for astir 14% of first-quarter revenue.