UMC Reports Second Quarter 2026 Results
2026 CAPEX raised to US$2bn to support phased expansion plan
Q2 2026 operating income increases 32.6% QoQ while Q3 utilization to exceed 90%
Second Quarter 2026 Overview1:
- Revenue: NT$68.73 billion (US$2.18 billion)
- Gross margin: 32.5%; Operating margin: 21.8%
- Revenue from 22/28nm: 37%
- Capacity utilization rate: 85%
- Net income attributable to shareholders of the parent: NT$42.26 billion (US$1.34 billion)
- Earnings per share: NT$3.39; earnings per ADS: US$0.537
TAIPEI, Taiwan--(BUSINESS WIRE)-- United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC” or “The Company”), a leading global semiconductor foundry, today announced its consolidated operating results for the second quarter of 2026.
Second quarter consolidated revenue was NT$68.73 billion, increasing 12.6% from NT$61.04 billion in 1Q26. Compared to a year ago, 2Q26 revenue increased 17.0%. Consolidated gross margin for 2Q26 was 32.5%. Net income attributable to the shareholders of the parent was NT$42.26 billion, with earnings per ordinary share of NT$3.39.
Jason Wang, CEO of UMC, said, “In the second quarter, our wafer shipments increased 10.6% quarter-on-quarter, driven by strong demand in the communication and consumer segments, further improving utilization rate to 85%. Revenue from our 22/28nm business continues to set record highs, with 22nm revenue representing 17.5% of second-quarter sales. Earlier this month, we announced the company’s first mass-production delivery of 12-inch photonic ICs to a customer, a major milestone for UMC that demonstrates the company’s high-volume silicon photonics manufacturing capability on 12-inch wafers as we prepare to launch our silicon photonics platform available for general customer use in 2027.”
CEO Wang added, “Looking ahead to the third quarter, we expect demand momentum to remain stable across the computer, communication, and consumer segments, with shipments projected to increase by high-single digits. Driven by strong demand for power management ICs, sensors, and microcontrollers, our 8-inch portfolio is seeing a strong rebound, and utilization is expected to improve significantly in the third quarter. With our 12-inch capacity already at a healthy utilization rate supporting core businesses, we must also prepare in advance to ensure UMC is well positioned to capture future opportunities driven by AI. To ensure we are ready to scale rapidly to support our customers, we announced today that our Board of Directors has approved a plan to expand cleanroom capacity at our Singapore P4 facility and to construct a new fab in Tainan, Taiwan. The plan will be executed in phases, enabling UMC to remain focused on capital discipline while flexibly deploying capacity to fulfill customer demand. As a result, 2026 capital expenditure budget will be revised upward to US$2 billion.”
CEO Wang said, “In the second quarter, UMC was proud to be selected for inclusion in the FTSE4Good TIP Taiwan ESG Index, which evaluates top-performing Taiwan-listed companies based on international sustainability standards, for the tenth consecutive year. For investors interested in learning more about UMC’s sustainability targets and progress, the company’s 2025 Sustainability Report will be available on our website by the end of July.”
| 1 Unless otherwise stated, all financial figures discussed in this announcement are prepared in accordance with TIFRSs recognized by Financial Supervisory Commission in the ROC, which is different from IFRSs issued by the International Accounting Standards Board. They represent comparisons among the three-month period ending June 30, 2026, the three-month period ending March 31, 2026, and the equivalent three-month period that ended June 30, 2025. For all 2Q26 results, the U.S. dollar amounts have been translated at the weighted-average exchange rate of NT$31.59 per U.S. dollar for the three-month period ended June 30, 2026. | |
Summary of Operating Results
Operating Results |
|||||||||
(Amount: NT$ million) |
2Q26 |
1Q26 |
QoQ %
|
2Q25 |
YoY %
|
||||
Operating Revenues |
68,733 |
|
61,038 |
|
12.6 |
|
58,758 |
|
17.0 |
Gross Profit |
22,323 |
|
17,818 |
|
25.3 |
|
16,878 |
|
32.3 |
Operating Expenses |
(7,906 |
) |
(7,099 |
) |
11.4 |
|
(6,467 |
) |
22.2 |
Net Other Operating Income and Expenses |
533 |
|
557 |
|
(4.3 |
) |
409 |
|
30.3 |
Operating Income |
14,950 |
|
11,276 |
|
32.6 |
|
10,820 |
|
38.2 |
Net Non-Operating Income and Expenses |
30,236 |
|
5,367 |
|
463.3 |
|
(666 |
) |
- |
Net Income Attributable to Shareholders of the Parent |
42,260 |
|
16,171 |
|
161.3 |
|
8,903 |
|
374.7 |
EPS (NT$ per share) |
3.39 |
|
1.29 |
|
|
0.71 |
|
|
|
(US$ per ADS) |
0.537 |
|
0.204 |
|
|
0.121 |
|
|
|
Exchange rate (USD/NTD) |
31.59 |
|
31.63 |
|
|
29.28 |
|
|
|
Note: Sums may not equal totals due to rounding. |
|||||||||
Second quarter operating revenues increased 12.6% sequentially to NT$68.73 billion. Revenue contribution from 40nm and below technologies represented 52% of wafer revenue. Gross profit increased 25.3% QoQ to NT$22.32 billion, or 32.5% of revenue. Operating expenses increased 11.4% to NT$7.91 billion. Net other operating income decreased 4.3% to NT$0.53 billion. Net non-operating income totaled NT$30.24 billion. Net income attributable to shareholders of the parent amounted to NT$42.26 billion.
Earnings per ordinary share for the quarter was NT$3.39. Earnings per ADS was US$0.537. The basic weighted average number of shares outstanding in 2Q26 was 12,475,080,302, compared with 12,491,206,358 shares in 1Q26 and 12,484,877,493 shares in 2Q25. The diluted weighted average number of shares outstanding was 12,541,653,000 in 2Q26, compared with 12,583,475,228 shares in 1Q26 and 12,534,082,055 shares in 2Q25. The fully diluted shares counted on June 30, 2026 were approximately 12,527,228,000.
Detailed Financials Section
Operating revenues increased to NT$68.73 billion. COGS increased 7.4% QoQ to NT$46.41 billion. Gross profit increased 25.3% QoQ to NT$22.32 billion. Operating expenses increased 11.4% QoQ to NT$7.91 billion, as G&A increased 32.2% to NT$2.43 billion, R&D increased 3.8% to NT$4.75 billion and Sales & Marketing increased 6.3% to NT$0.73 billion. Net other operating income was NT$0.53 billion. In 2Q26, operating income increased 32.6% QoQ to NT$14.95 billion.
COGS & Expenses |
|||||||||
(Amount: NT$ million) |
2Q26 |
1Q26 |
QoQ %
|
2Q25 |
YoY %
|
||||
Operating Revenues |
68,733 |
|
61,038 |
|
12.6 |
|
58,758 |
|
17.0 |
COGS |
(46,410 |
) |
(43,219 |
) |
7.4 |
|
(41,880 |
) |
10.8 |
Depreciation |
(14,649 |
) |
(13,719 |
) |
6.8 |
|
(12,317 |
) |
18.9 |
Other Mfg. Costs |
(31,761 |
) |
(29,500 |
) |
7.7 |
|
(29,563 |
) |
7.4 |
Gross Profit |
22,323 |
|
17,818 |
|
25.3 |
|
16,878 |
|
32.3 |
Gross Margin (%) |
32.5 |
% |
29.2 |
% |
|
28.7 |
% |
|
|
Operating Expenses |
(7,906 |
) |
(7,099 |
) |
11.4 |
|
(6,467 |
) |
22.2 |
Sales & Marketing |
(733 |
) |
(689 |
) |
6.3 |
|
(591 |
) |
23.9 |
G&A |
(2,426 |
) |
(1,834 |
) |
32.2 |
|
(1,682 |
) |
44.2 |
R&D |
(4,747 |
) |
(4,575 |
) |
3.8 |
|
(4,194 |
) |
13.2 |
Expected Credit Impairment Gain (Loss) |
0 |
|
0 |
|
(100.0 |
) |
(0 |
) |
- |
Net Other Operating Income & Expenses |
533 |
|
557 |
|
(4.3 |
) |
409 |
|
30.3 |
Operating Income |
14,950 |
|
11,276 |
|
32.6 |
|
10,820 |
|
38.2 |
Note: Sums may not equal totals due to rounding. |
|||||||||
Net non-operating income in 2Q26 was NT$30.24 billion, primarily reflecting the NT$30.05 billion in net investment gain and the NT$0.22 billion in net interest income.
Non-Operating Income and Expenses |
||||||
(Amount: NT$ million) |
2Q26 |
1Q26 |
2Q25 |
|||
Non-Operating Income and Expenses |
30,236 |
|
5,367 |
|
(666 |
) |
Net Interest Income and Expenses |
218 |
|
88 |
|
309 |
|
Net Investment Gain and Loss |
30,045 |
|
4,997 |
|
326 |
|
Exchange Gain and Loss |
3 |
|
303 |
|
(1,280 |
) |
Other Gain and Loss |
(29 |
) |
(20 |
) |
(20 |
) |
Note: Sums may not equal totals due to rounding. |
||||||
In 2Q26, cash inflow from operating activities was NT$33.70 billion. Cash outflow from investing activities totaled NT$7.43 billion, including NT$9.73 billion in capital expenditures, resulting in free cash flow of NT$23.97 billion. Cash outflow from financing activities was NT$10.75 billion, primarily due to NT$5.50 billion redemption of bonds, NT$3.10 billion treasury stock acquired and NT$1.89 billion repayment of bank loans. Net cash inflow in 2Q26 amounted to NT$15.69 billion. Over the next 12 months, the company expects to repay NT$6.40 billion in bank loans.
Cash Flow Summary |
||||
(Amount: NT$ million) |
For the 3-Month
|
For the 3-Month
|
||
Cash Flow from Operating Activities |
33,698 |
|
21,981 |
|
Net income before tax |
45,186 |
|
16,644 |
|
Depreciation & Amortization |
16,238 |
|
15,987 |
|
Share of profit of associates and joint ventures |
(23,606 |
) |
(2,815 |
) |
Income tax paid |
(2,173 |
) |
(464 |
) |
Changes in working capital & others |
(1,948 |
) |
(7,370 |
) |
Cash Flow from Investing Activities |
(7,427 |
) |
(21,348 |
) |
Increase in financial assets measured at amortized cost |
(1,938 |
) |
(7,101 |
) |
Acquisition of PP&E |
(8,823 |
) |
(12,526 |
) |
Acquisition of investments accounted for under the equity method |
(10 |
) |
(643 |
) |
Acquisition of intangible assets |
(658 |
) |
(681 |
) |
Others |
4,001 |
|
(397 |
) |
Cash Flow from Financing Activities |
(10,753 |
) |
(3,686 |
) |
Bank loans |
(1,894 |
) |
(3,039 |
) |
Redemption of bonds |
(5,500 |
) |
- |
|
Treasury stock acquired |
(3,096 |
) |
- |
|
Others |
(263 |
) |
(647 |
) |
Effect of Exchange Rate |
171 |
|
1,411 |
|
Net Cash Flow |
15,687 |
|
(1,641 |
) |
Beginning balance |
109,019 |
|
110,660 |
|
Ending balance |
124,706 |
|
109,019 |
|
Note: Sums may not equal totals due to rounding. |
||||
Cash and cash equivalents increased to NT$124.71 billion. Days sales outstanding decreased 1 day to 49 days, while days of inventory decreased 5 days to 75 days.
Current Assets |
|||
(Amount: NT$ billion) |
2Q26 |
1Q26 |
2Q25 |
Cash and Cash Equivalents |
124.71 |
109.02 |
111.99 |
Accounts Receivable |
38.65 |
35.60 |
32.38 |
Days Sales Outstanding |
49 |
50 |
52 |
Inventories, net |
37.92 |
38.65 |
34.02 |
Days of Inventory |
75 |
80 |
76 |
Total Current Assets |
230.26 |
216.44 |
195.18 |
Current liabilities increased to NT$106.31 billion. Long-term credit / bonds decreased to NT$45.57 billion. Total liabilities increased to NT$222.05 billion, while debt to equity ratio increased to 50%.
Liabilities |
|||
(Amount: NT$ billion) |
2Q26 |
1Q26 |
2Q25 |
Total Current Liabilities |
106.31 |
79.61 |
110.39 |
Accounts Payable |
9.06 |
9.07 |
8.54 |
Short-Term Credit / Bonds |
11.97 |
22.89 |
21.30 |
Payables on Equipment |
7.16 |
7.98 |
8.35 |
Dividends Payable |
32.70 |
- |
35.79 |
Other |
45.42 |
39.67 |
36.41 |
Long-Term Credit / Bonds |
45.57 |
47.17 |
41.60 |
Total Liabilities |
222.05 |
193.20 |
211.10 |
Debt to Equity |
50% |
47% |
63% |
Analysis of Revenue
Revenue from Asia Pacific increased to 66%, while business from North America increased to 22% of sales. Business from Europe decreased to 8%, while contribution from Japan decreased to 4%.
Revenue Breakdown by Region |
||||||||||
Region |
2Q26 |
|
1Q26 |
|
4Q25 |
|
3Q25 |
|
2Q25 |
|
North America |
22 |
% |
21 |
% |
21 |
% |
25 |
% |
20 |
% |
Asia Pacific |
66 |
% |
65 |
% |
64 |
% |
63 |
% |
67 |
% |
Europe |
8 |
% |
9 |
% |
11 |
% |
8 |
% |
8 |
% |
Japan |
4 |
% |
5 |
% |
4 |
% |
4 |
% |
5 |
% |
Revenue contribution from 22/28nm increased to 37% of wafer revenue, while 40nm contribution decreased to 15% of sales.
Revenue Breakdown by Geometry (1) |
||||||||||
Geometry |
2Q26 |
|
1Q26 |
|
4Q25 |
|
3Q25 |
|
2Q25 |
|
14nm and below |
0 |
% |
0 |
% |
0 |
% |
0 |
% |
0 |
% |
14nm |
37 |
% |
34 |
% |
36 |
% |
35 |
% |
40 |
% |
28nm |
15 |
% |
18 |
% |
17 |
% |
17 |
% |
15 |
% |
40nm |
18 |
% |
18 |
% |
17 |
% |
18 |
% |
17 |
% |
65nm |
7 |
% |
8 |
% |
8 |
% |
8 |
% |
7 |
% |
90nm |
8 |
% |
7 |
% |
7 |
% |
8 |
% |
7 |
% |
0.13um |
10 |
% |
10 |
% |
10 |
% |
9 |
% |
9 |
% |
0.18um |
4 |
% |
4 |
% |
4 |
% |
4 |
% |
4 |
% |
0.5um and above |
1 |
% |
1 |
% |
1 |
% |
1 |
% |
1 |
% |
Revenue from fabless customers accounted for 85% of revenue.
Revenue Breakdown by Customer Type (1) |
||||||||||
Customer Type |
2Q26 |
|
1Q26 |
|
4Q25 |
|
3Q25 |
|
2Q25 |
|
Fabless |
85 |
% |
86 |
% |
80 |
% |
81 |
% |
81 |
% |
IDM |
15 |
% |
14 |
% |
20 |
% |
19 |
% |
19 |
% |
Revenue from the communication segment accounted for 39%, while business from computer applications was 13% of sales. Business from consumer applications accounted for 32%, while other segments was 16% of revenue.
Revenue Breakdown by Application (1) (2) |
||||||||||
Application |
2Q26 |
|
1Q26 |
|
4Q25 |
|
3Q25 |
|
2Q25 |
|
Computer |
13 |
% |
12 |
% |
12 |
% |
12 |
% |
11 |
% |
Communication |
39 |
% |
39 |
% |
42 |
% |
42 |
% |
41 |
% |
Consumer |
32 |
% |
32 |
% |
28 |
% |
29 |
% |
33 |
% |
Others |
16 |
% |
17 |
% |
18 |
% |
17 |
% |
15 |
% |
(1) Revenue in this section represents wafer sales. |
(2) Computer consists of ICs such as CPU, GPU, HDD controllers, DVD/CD-RW control ICs, PC chipset, audio codec, keyboard controller, monitor scaler, USB, I/O chipset, WLAN. Communication consists of handset components, broadband, bluetooth, Ethernet, LAN, DSP, etc. Consumer consists of ICs used for DVD players, DTV, STB, MP3/MP4, flash controller, game consoles, DSC, smart cards, toys, etc. |
Blended ASP Trend
(To view blended ASP trend, please click here for 2Q26 ASP)
Shipment and Utilization Rate2
Wafer shipments increased 10.6% QoQ to 1,129K during the second quarter, while quarterly capacity was 1,305K. Overall utilization rate in 2Q26 was 85%.
Wafer Shipments |
|||||
2Q26 |
1Q26 |
4Q25 |
3Q25 |
2Q25 |
|
Wafer Shipments
|
1,129 |
1,021 |
994 |
1,000 |
967 |
Quarterly Capacity Utilization Rate |
|||||
|
2Q26 |
1Q26 |
4Q25 |
3Q25 |
2Q25 |
Utilization Rate |
85% |
79% |
78% |
78% |
76% |
Total Capacity
|
1,305 |
1,283 |
1,305 |
1,305 |
1,290 |
2 Utilization Rate = Quarterly Wafer Out / Quarterly Capacity |
|
Capacity3
Total capacity in the second quarter was 1,305K 12-inch equivalent wafers. Capacity will increase to 1,325K 12-inch equivalent wafers in the third quarter of 2026.
Annual Capacity in thousands of wafers |
|
Quarterly Capacity in thousands of wafers |
|||||||||||||||||||
FAB |
Geometry
|
2025 |
2024 |
2023 |
2022 |
|
FAB |
3Q26E |
2Q26 |
1Q26 |
4Q25 |
||||||||||
WTK |
6" |
5 – 0.15 |
317 |
|
331 |
|
328 |
|
335 |
|
|
WTK |
6" |
80 |
|
80 |
|
78 |
|
80 |
|
8A |
8" |
3 – 0.11 |
857 |
|
829 |
|
811 |
|
765 |
|
|
8A |
8" |
215 |
|
215 |
|
212 |
|
215 |
|
8C |
8" |
0.35 – 0.11 |
500 |
|
477 |
|
473 |
|
459 |
|
|
8C |
8" |
125 |
|
125 |
|
123 |
|
125 |
|
8D |
8" |
0.18 – 0.11 |
471 |
|
473 |
|
440 |
|
410 |
|
|
8D |
8" |
118 |
|
118 |
|
116 |
|
118 |
|
8E |
8" |
0.6 – 0.11 |
522 |
|
524 |
|
490 |
|
469 |
|
|
8E |
8" |
131 |
|
131 |
|
129 |
|
131 |
|
8F |
8" |
0.18 – 0.11 |
583 |
|
578 |
|
570 |
|
550 |
|
|
8F |
8" |
146 |
|
146 |
|
144 |
|
146 |
|
8S |
8" |
0.18 – 0.11 |
466 |
|
455 |
|
447 |
|
443 |
|
|
8S |
8" |
117 |
|
117 |
|
115 |
|
117 |
|
8N |
8" |
0.5 – 0.11 |
996 |
|
1,013 |
|
996 |
|
952 |
|
|
8N |
8" |
250 |
|
250 |
|
246 |
|
250 |
|
12A |
12" |
0.13 – 0.014 |
1,629 |
|
1,556 |
|
1,305 |
|
1,170 |
|
|
12A |
12" |
409 |
|
409 |
|
402 |
|
409 |
|
12i |
12" |
0.13 – 0.040 |
684 |
|
678 |
|
655 |
|
655 |
|
|
12i |
12" |
192 |
|
172 |
|
169 |
|
172 |
|
12X |
12" |
0.080 – 0.022 |
347 |
|
318 |
|
317 |
|
314 |
|
|
12X |
12" |
95 |
|
95 |
|
93 |
|
95 |
|
12M |
12" |
0.13 – 0.040 |
471 |
|
455 |
|
438 |
|
436 |
|
|
12M |
12" |
119 |
|
119 |
|
117 |
|
119 |
|
Total(1) |
5,163 |
|
5,022 |
|
4,674 |
|
4,458 |
|
|
Total |
1,325 |
1,305 |
1,283 |
1,305 |
|||||||
YoY Growth Rate |
3% |
7% |
5% |
6% |
|
|
|
|
|
|
|||||||||||
(1) One 6-inch wafer is converted into 0.25 (62/122) 12-inch equivalent wafer; one 8-inch wafer is converted into 0.44 (82/122) 12-inch equivalent wafers. Total capacity figures are expressed in 12-inch equivalent wafers. |
|||||||||||||||||||||
3 Estimated capacity numbers are based on calculated maximum output rather than designed capacity. The actual capacity numbers may differ depending upon equipment delivery schedules, pace of migration to more advanced process technologies, and other factors affecting production ramp-up. |
|
CAPEX
CAPEX spending in 2Q26 totaled US$308 million. 2026 cash-based CAPEX budget will be US$2.0 billion.
Capital Expenditure by Year - in US$ billion |
|||||
Year |
2025 |
2024 |
2023 |
2022 |
2021 |
CAPEX |
$ 1.6 |
$ 2.9 |
$ 3.0 |
$ 2.7 |
$ 1.8 |
| 2026 CAPEX Plan | ||
8" |
12" |
Total |
10% |
90% |
US$2.0 billion |
Third Quarter 2026 Outlook & Guidance
Quarter-over-Quarter Guidance:
- Wafer Shipments: Will increase by high-single digit
- ASP in USD: Remain firm
- Gross Profit Margin: Mid-30% range
- Capacity Utilization: 90%+
- 2026 CAPEX: US$2.0 billion
Recent Developments / Announcements
Apr. 30, 2026 |
||
May. 14, 2026 |
||
May. 27, 2026 |
UMC Shareholders Approve NT$2.60 Cash Dividend at Annual Shareholders’ Meeting |
|
Jul. 14, 2026 |
SILITH and UMC Achieve Mass Production Milestone for Silicon Photonics |
|
Jul. 29, 2026 |
Please visit UMC’s website for further details regarding the above announcements
Conference Call / Webcast Announcement
Wednesday, July 29, 2026
Time: 5:00 PM (Taipei) / 5:00 AM (New York) / 10:00 AM (London)
Dial-in numbers and Access Codes: |
||
Taiwan Number: |
02 3396 1191 |
|
Taiwan Toll Free: |
0080 119 6666 |
|
US Toll Free: |
+1 866 212 5567 |
|
Other Areas: |
+886 2 3396 1191 |
|
Access Code: |
1889529# |
|
A live webcast and replay of the 2Q26 results announcement will be available at
www.umc.com under the “Investors / Events” section.
About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC’s comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC’s 12-in and 8-in fabs with its core R&D are in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with a combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standards. UMC is headquartered in Hsinchu, Taiwan, plus local offices in the United States, Europe, China, Japan, Korea, and Singapore, with a worldwide total of 20,000 employees. For more information, please visit: http://www.umc.com.
Safe Harbor Notice and Disclaimer
This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. The words “may,” “will,” “is/are likely to,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan” and similar expressions are intended to identify a number of these forward-looking statements. These forward-looking statements include, but are not limited to, statements relating to anticipated quarterly Fab capacity, foundry capital expenditure plan and other statements that are not historical information.
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: [(i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic conditions, including those related to the semiconductor, communications, consumer electronics and computer industries; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, and outbreaks of contagious diseases; (vii) fluctuations in foreign currency exchange rates; and (viii) geopolitical conflicts, including political relationships between U.S., China and Taiwan.] Further information regarding these and other risks is included in UMC’s filings with the United States Securities and Exchange Commission, including but not limited to UMC’s Annual Report on Form 20-F for the fiscal year ended December 31, 2025. All information provided in this presentation is as of the date of this presentation and is based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
The financial statements included in this presentation are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the Republic of China, or the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States.
- FINANCIAL TABLES TO FOLLOW -
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||
| Consolidated Condensed Balance Sheet | |||||||||
| As of June 30, 2026 | |||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||
| June 30, 2026 | |||||||||
| US$ | NT$ | % | |||||||
| Assets | |||||||||
| Current assets | |||||||||
| Cash and cash equivalents | 3,917 |
|
124,706 |
|
18.7 |
% |
|||
| Accounts receivable, net | 1,214 |
|
38,648 |
|
5.8 |
% |
|||
| Inventories, net | 1,191 |
|
37,917 |
|
5.7 |
% |
|||
| Other current assets | 910 |
|
28,988 |
|
4.4 |
% |
|||
| Total current assets | 7,232 |
|
230,260 |
|
34.6 |
% |
|||
| Non-current assets | |||||||||
| Funds and investments | 4,612 |
|
146,853 |
|
22.1 |
% |
|||
| Property, plant and equipment | 8,141 |
|
259,212 |
|
38.9 |
% |
|||
| Right-of-use assets | 234 |
|
7,463 |
|
1.1 |
% |
|||
| Other non-current assets | 697 |
|
22,184 |
|
3.3 |
% |
|||
| Total non-current assets | 13,684 |
|
435,713 |
|
65.4 |
% |
|||
| Total assets | 20,916 |
|
665,973 |
|
100.0 |
% |
|||
| Liabilities | |||||||||
| Current liabilities | |||||||||
| Short-term loans | 88 |
|
2,807 |
|
0.4 |
% |
|||
| Payables | 1,506 |
|
47,960 |
|
7.2 |
% |
|||
| Dividends payable | 1,027 |
|
32,704 |
|
4.9 |
% |
|||
| Current portion of long-term liabilities | 288 |
|
9,160 |
|
1.4 |
% |
|||
| Other current liabilities | 429 |
|
13,675 |
|
2.1 |
% |
|||
| Total current liabilities | 3,339 |
|
106,306 |
|
16.0 |
% |
|||
| Non-current liabilities | |||||||||
| Bonds payable | 1,070 |
|
34,076 |
|
5.1 |
% |
|||
| Long-term loans | 361 |
|
11,490 |
|
1.7 |
% |
|||
| Lease liabilities, noncurrent | 166 |
|
5,277 |
|
0.8 |
% |
|||
| Other non-current liabilities | 2,038 |
|
64,901 |
|
9.8 |
% |
|||
| Total non-current liabilities | 3,635 |
|
115,743 |
|
17.4 |
% |
|||
| Total liabilities | 6,974 |
|
222,049 |
|
33.3 |
% |
|||
| Equity | |||||||||
| Equity attributable to the parent company | |||||||||
| Capital | 3,950 |
|
125,770 |
|
18.9 |
% |
|||
| Additional paid-in capital | 498 |
|
15,871 |
|
2.4 |
% |
|||
| Retained earnings and other components of equity | 9,591 |
|
305,375 |
|
45.9 |
% |
|||
| Treasury stock | (97 |
) |
(3,096 |
) |
(0.5 |
%) |
|||
| Total equity attributable to the parent company | 13,942 |
|
443,920 |
|
66.7 |
% |
|||
| Non-controlling interests | 0 |
|
4 |
|
0.0 |
% |
|||
| Total equity | 13,942 |
|
443,924 |
|
66.7 |
% |
|||
| Total liabilities and equity | 20,916 |
|
665,973 |
|
100.0 |
% |
|||
| Notes: | |||||||||
| (1) The U.S. dollar amounts have been translated at an exchange rate of NT $31.84 per U.S. dollar as of June 30, 2026. | |||||||||
| (2) Sums may not equal totals due to rounding. | |||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | ||||||||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | ||||||||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | ||||||||||||||||||||||||
| Except Per Share and Per ADS Data | ||||||||||||||||||||||||
| Year over Year Comparison | Quarter over Quarter Comparison | |||||||||||||||||||||||
| Three-Month Period Ended | Three-Month Period Ended | |||||||||||||||||||||||
| June 30, 2026 | June 30, 2025 | Chg. | June 30, 2026 | March 31, 2026 | Chg. | |||||||||||||||||||
| US$ | NT$ | NT$ | % | US$ | NT$ | NT$ | % | |||||||||||||||||
| Operating revenues | 2,176 |
|
68,733 |
|
58,758 |
|
17.0 |
% |
2,176 |
|
68,733 |
|
61,038 |
|
12.6 |
% |
||||||||
| Operating costs | (1,469 |
) |
(46,410 |
) |
(41,880 |
) |
10.8 |
% |
(1,469 |
) |
(46,410 |
) |
(43,219 |
) |
7.4 |
% |
||||||||
| Gross profit | 707 |
|
22,323 |
|
16,878 |
|
32.3 |
% |
707 |
|
22,323 |
|
17,818 |
|
25.3 |
% |
||||||||
32.5 |
% |
32.5 |
% |
28.7 |
% |
32.5 |
% |
32.5 |
% |
29.2 |
% |
|||||||||||||
| Operating expenses | ||||||||||||||||||||||||
| - Sales and marketing expenses | (23 |
) |
(733 |
) |
(591 |
) |
23.9 |
% |
(23 |
) |
(733 |
) |
(689 |
) |
6.3 |
% |
||||||||
| - General and administrative expenses | (77 |
) |
(2,426 |
) |
(1,682 |
) |
44.2 |
% |
(77 |
) |
(2,426 |
) |
(1,834 |
) |
32.2 |
% |
||||||||
| - Research and development expenses | (150 |
) |
(4,747 |
) |
(4,194 |
) |
13.2 |
% |
(150 |
) |
(4,747 |
) |
(4,575 |
) |
3.8 |
% |
||||||||
| - Expected credit impairment gain (loss) | 0 |
|
0 |
|
(0 |
) |
- |
|
0 |
|
0 |
|
0 |
|
(100 |
%) |
||||||||
| Subtotal | (250 |
) |
(7,906 |
) |
(6,467 |
) |
22.2 |
% |
(250 |
) |
(7,906 |
) |
(7,099 |
) |
11.4 |
% |
||||||||
| Net other operating income and expenses | 17 |
|
533 |
|
409 |
|
30.3 |
% |
17 |
|
533 |
|
557 |
|
(4.3 |
%) |
||||||||
| Operating income | 473 |
|
14,950 |
|
10,820 |
|
38.2 |
% |
473 |
|
14,950 |
|
11,276 |
|
32.6 |
% |
||||||||
21.8 |
% |
21.8 |
% |
18.4 |
% |
21.8 |
% |
21.8 |
% |
18.5 |
% |
|||||||||||||
| Net non-operating income and expenses | 957 |
|
30,236 |
|
(666 |
) |
- |
|
957 |
|
30,236 |
|
5,367 |
|
463.3 |
% |
||||||||
| Income from continuing operations before income tax |
1,430 |
|
45,186 |
|
10,154 |
|
345.0 |
% |
1,430 |
|
45,186 |
|
16,644 |
|
171.5 |
% |
||||||||
65.7 |
% |
65.7 |
% |
17.3 |
% |
65.7 |
% |
65.7 |
% |
27.3 |
% |
|||||||||||||
| Income tax expense | (94 |
) |
(2,962 |
) |
(1,306 |
) |
126.8 |
% |
(94 |
) |
(2,962 |
) |
(527 |
) |
462.3 |
% |
||||||||
| Net income | 1,336 |
|
42,224 |
|
8,848 |
|
377.2 |
% |
1,336 |
|
42,224 |
|
16,117 |
|
162.0 |
% |
||||||||
61.4 |
% |
61.4 |
% |
15.1 |
% |
61.4 |
% |
61.4 |
% |
26.4 |
% |
|||||||||||||
| Other comprehensive income (loss) | 964 |
|
30,467 |
|
(27,075 |
) |
- |
|
964 |
|
30,467 |
|
10,205 |
|
198.5 |
% |
||||||||
| Total comprehensive income (loss) | 2,301 |
|
72,691 |
|
(18,227 |
) |
- |
|
2,301 |
|
72,691 |
|
26,322 |
|
176.2 |
% |
||||||||
| Net income attributable to: | ||||||||||||||||||||||||
| Shareholders of the parent | 1,338 |
|
42,260 |
|
8,903 |
|
374.7 |
% |
1,338 |
|
42,260 |
|
16,171 |
|
161.3 |
% |
||||||||
| Non-controlling interests | (1 |
) |
(36 |
) |
(55 |
) |
(33.7 |
%) |
(1 |
) |
(36 |
) |
(54 |
) |
(33.7 |
%) |
||||||||
| Comprehensive income (loss) attributable to: | ||||||||||||||||||||||||
| Shareholders of the parent | 2,302 |
|
72,727 |
|
(18,172 |
) |
- |
|
2,302 |
|
72,727 |
|
26,376 |
|
175.7 |
% |
||||||||
| Non-controlling interests | (1 |
) |
(36 |
) |
(55 |
) |
(34.0 |
%) |
(1 |
) |
(36 |
) |
(54 |
) |
(33.6 |
%) |
||||||||
| Earnings per share-basic | 0.107 |
|
3.39 |
|
0.71 |
|
0.107 |
|
3.39 |
|
1.29 |
|
||||||||||||
| Earnings per ADS (2) | 0.537 |
|
16.95 |
|
3.55 |
|
0.537 |
|
16.95 |
|
6.45 |
|
||||||||||||
| Weighted average number of shares | ||||||||||||||||||||||||
| outstanding (in millions) | 12,475 |
|
12,485 |
|
12,475 |
|
12,491 |
|
||||||||||||||||
| Notes: | ||||||||||||||||||||||||
| (1) The U.S. dollar amounts have been translated at the weighted-average exchange rate of NT $31.59 per U.S. dollar for the three-month period ended June 30, 2026. | ||||||||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | ||||||||||||||||||||||||
| (3) Sums may not equal totals due to rounding. | ||||||||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||||||||||||||
| Consolidated Condensed Statements of Comprehensive Income | |||||||||||||||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||||||||||||||
| Except Per Share and Per ADS Data | |||||||||||||||||||
| For the Three-Month Period Ended | For the Six-Month Period Ended | ||||||||||||||||||
| June 30, 2026 | June 30, 2026 | ||||||||||||||||||
| US$ | NT$ | % | US$ | NT$ | % | ||||||||||||||
| Operating revenues | 2,176 |
|
68,733 |
|
100.0 |
% |
4,105 |
|
129,771 |
|
100.0 |
% |
|||||||
| Operating costs | (1,469 |
) |
(46,410 |
) |
(67.5 |
%) |
(2,835 |
) |
(89,629 |
) |
(69.1 |
%) |
|||||||
| Gross profit | 707 |
|
22,323 |
|
32.5 |
% |
1,270 |
|
40,141 |
|
30.9 |
% |
|||||||
| Operating expenses | |||||||||||||||||||
| - Sales and marketing expenses | (23 |
) |
(733 |
) |
(1.1 |
%) |
(45 |
) |
(1,422 |
) |
(1.1 |
%) |
|||||||
| - General and administrative expenses | (77 |
) |
(2,426 |
) |
(3.5 |
%) |
(135 |
) |
(4,260 |
) |
(3.3 |
%) |
|||||||
| - Research and development expenses | (150 |
) |
(4,747 |
) |
(6.9 |
%) |
(295 |
) |
(9,323 |
) |
(7.2 |
%) |
|||||||
| - Expected credit impairment gain | 0 |
|
0 |
|
0.0 |
% |
0 |
|
0 |
|
0.0 |
% |
|||||||
| Subtotal | (250 |
) |
(7,906 |
) |
(11.5 |
%) |
(475 |
) |
(15,004 |
) |
(11.6 |
%) |
|||||||
| Net other operating income and expenses | 17 |
|
533 |
|
0.8 |
% |
34 |
|
1,089 |
|
0.8 |
% |
|||||||
| Operating income | 473 |
|
14,950 |
|
21.8 |
% |
830 |
|
26,226 |
|
20.2 |
% |
|||||||
| Net non-operating income and expenses | 957 |
|
30,236 |
|
44.0 |
% |
1,126 |
|
35,604 |
|
27.4 |
% |
|||||||
| Income from continuing operations before income tax |
1,430 |
|
45,186 |
|
65.7 |
% |
1,956 |
|
61,830 |
|
47.7 |
% |
|||||||
| Income tax expense | (94 |
) |
(2,962 |
) |
(4.3 |
%) |
(110 |
) |
(3,489 |
) |
(2.7 |
%) |
|||||||
| Net income | 1,336 |
|
42,224 |
|
61.4 |
% |
1,846 |
|
58,341 |
|
45.0 |
% |
|||||||
| Other comprehensive income (loss) | 964 |
|
30,467 |
|
44.3 |
% |
1,287 |
|
40,672 |
|
31.3 |
% |
|||||||
| Total comprehensive income (loss) | 2,301 |
|
72,691 |
|
105.8 |
% |
3,132 |
|
99,013 |
|
76.3 |
% |
|||||||
| Net income attributable to: | |||||||||||||||||||
| Shareholders of the parent | 1,338 |
|
42,260 |
|
61.5 |
% |
1,849 |
|
58,431 |
|
45.0 |
% |
|||||||
| Non-controlling interests | (1 |
) |
(36 |
) |
(0.1 |
%) |
(3 |
) |
(91 |
) |
(0.1 |
%) |
|||||||
| Comprehensive income (loss) attributable to: | |||||||||||||||||||
| Shareholders of the parent | 2,302 |
|
72,727 |
|
105.8 |
% |
3,135 |
|
99,103 |
|
76.4 |
% |
|||||||
| Non-controlling interests | (1 |
) |
(36 |
) |
(0.1 |
%) |
(3 |
) |
(91 |
) |
(0.1 |
%) |
|||||||
| Earnings per share-basic | 0.107 |
|
3.39 |
|
0.148 |
|
4.68 |
|
|||||||||||
| Earnings per ADS (2) | 0.537 |
|
16.95 |
|
0.740 |
|
23.40 |
|
|||||||||||
| Weighted average number of shares outstanding (in millions) |
12,475 |
|
12,483 |
|
|||||||||||||||
| Notes: | |||||||||||||||||||
| (1) The U.S. dollar amounts have been translated at the weighted-average exchange rate of NT $31.59 and NT $31.61 per U.S. dollar for the three-month and six-month period ended June 30, 2026, respectively. | |||||||||||||||||||
| (2) 1 ADS equals 5 common shares. | |||||||||||||||||||
| (3) Sums may not equal totals due to rounding. | |||||||||||||||||||
| UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES | |||||||
| Consolidated Condensed Statement of Cash Flows | |||||||
| For The Six-Month Period Ended June 30, 2026 | |||||||
| Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$) | |||||||
| US$ | NT$ | ||||||
| Cash flows from operating activities : | |||||||
| Net income before tax | 1,956 |
|
61,830 |
|
|||
| Depreciation & Amortization | 1,019 |
|
32,225 |
|
|||
| Share of profit of associates and joint ventures | (836 |
) |
(26,421 |
) |
|||
| Income tax paid | (83 |
) |
(2,637 |
) |
|||
| Changes in working capital & others | (295 |
) |
(9,318 |
) |
|||
| Net cash provided by operating activities | 1,761 |
|
55,679 |
|
|||
| Cash flows from investing activities : | |||||||
| Increase in financial assets measured at amortized cost | (286 |
) |
(9,039 |
) |
|||
| Acquisition of property, plant and equipment | (675 |
) |
(21,349 |
) |
|||
| Acquisition of intangible assets | (42 |
) |
(1,339 |
) |
|||
| Others | 93 |
|
2,952 |
|
|||
| Net cash used in investing activities | (910 |
) |
(28,775 |
) |
|||
| Cash flows from financing activities : | |||||||
| Decrease in short-term loans | (177 |
) |
(5,602 |
) |
|||
| Redemption of bonds | (174 |
) |
(5,500 |
) |
|||
| Proceeds from long-term loans | 162 |
|
5,130 |
|
|||
| Repayments of long-term loans | (141 |
) |
(4,461 |
) |
|||
| Treasury stock acquired | (98 |
) |
(3,096 |
) |
|||
| Others | (29 |
) |
(910 |
) |
|||
| Net cash used in financing activities | (457 |
) |
(14,439 |
) |
|||
| Effect of exchange rate changes on cash and cash equivalents | 50 |
|
1,582 |
|
|||
| Net increase in cash and cash equivalents | 444 |
|
14,046 |
|
|||
| Cash and cash equivalents at beginning of period | 3,501 |
|
110,660 |
|
|||
| Cash and cash equivalents at end of period | 3,945 |
|
124,706 |
|
|||
| Notes: | |||||||
| (1) The U.S. dollar amounts have been translated at the weighted-average exchange rate of NT $31.61 per U.S. dollar for the six-month period ended June 30, 2026. | |||||||
| (2) Sums may not equal totals due to rounding. | |||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20260729828497/en/
Michael Lin / David Wong
UMC, Investor Relations
+ 886-2-2658-9168, ext. 16900
[email protected]
[email protected]
Source: United Microelectronics Corporation