$20.08
+1.31%Research · Oct 20, 2026
[UMC] UMC: Q3 2026 earnings preview on utilization, pricing and gross margin
UMC's Q2 2026 gross margin rose to 32.5% at 85% utilization and Q3 sales hit NT$74.24 billion; Q3 tests whether 90%+ loading lifts margin past rising depreciation.
Research · Sep 3, 2026
[UMC] United Microelectronics Thesis 2026: Mature Node Specialization and Singapore Expansion Advance
United Microelectronics FY25 revenue NT$237.5B (+2.3%); gross margin 29% (vs 32.6% FY24); op income NT$43.9B; NI NT$41.7B. Q4 utilization 78%; 22/28nm 36% of Q4 revenue (40% Q2). Singapore Fab 12i Phase 3 completed (volume production early 2026). Intel 12nm collaboration: PDK June 2026, tape-out 2027. Polar Semiconductor MoU. 55nm BCD platform ready. FY26 capex USD $1.5B (vs $1.8B FY25); Q1 GM high 20%; mid-70% utilization. Mgmt expects FY26 to be growth year on 22nm tape-out acceleration.