Business traction on 22nm continues to gain momentum, accounting for 14% of Q1 revenue
Expect Q2 wafer shipments to grow by high single digit
First Quarter 2026 Overview(1) :
-- Revenue: NT$61.04 billion (US$1.93 billion)
-- Gross margin: 29.2%; Operating margin: 18.5%
-- Revenue from 22/28nm: 34%
-- Capacity utilization rate: 79%
-- Net income attributable to shareholders of the parent: NT$16.17 billion
(US$511 million)
-- Earnings per share: NT$1.29; earnings per ADS: US$0.204
TAIPEI, Taiwan--(BUSINESS WIRE)--April 29, 2026--
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC" or "The Company"), a leading global semiconductor foundry, today announced its consolidated operating results for the first quarter of 2026.
First quarter consolidated revenue was NT$61.04 billion, decreasing 1.2% from NT$61.81 billion in 4Q25. Compared to a year ago, 1Q26 revenue increased 5.5%. Consolidated gross margin for 1Q26 was 29.2%. Net income attributable to the shareholders of the parent was NT$16.17 billion, with earnings per ordinary share of NT$1.29.
Jason Wang, CEO of UMC, said, "In the first quarter, our wafer shipments increased 2.7% quarter-on-quarter on strong growth in the consumer segment, lifting overall utilization rate to 79%. Despite a decline in blended average selling price during the quarter, which partly reflected higher 8-inch wafer shipments, gross margin held firm at 29.2%. Demand for our 22nm logic and specialty processes continues to gain momentum, with 22nm revenue reaching another record high and accounting for 14% of first-quarter revenue. By the end of this year, over 50 customers will have completed tape-outs on our 22nm platforms for a diverse range of applications, including display driver ICs, networking chips, and microcontrollers. We continue to invest in next-generation technologies -- beyond 22nm, our 12nm collaboration with Intel will provide customers with technology continuity as well as a U.S.-based manufacturing option. UMC also recently announced important developments in emerging businesses, including a strategic partnership to deploy thin-film lithium niobate (TFLN) photonics for AI infrastructure."
CEO Wang added, "Going into the second quarter, we expect strong wafer shipment growth across both 8-inch and 12-inch portfolios, supported by a strong rebound in the communication segment as well as healthy demand across computer, consumer, and industrial markets. While the current memory supply shortage and the ongoing conflict in the Middle East are creating certain headwinds and market volatility, UMC continues to foresee resilient market demand. UMC will continue to monitor industry and macroeconomic developments closely while prudently managing our business to cope with market dynamics amid evolving semiconductor landscape changes."
CEO Wang said, "UMC's long-term commitment to corporate sustainability was once again recognized in S&P Global's annual Sustainability Yearbook. With only 848 out of 9,200 large corporations selected for the 2026 Yearbook, UMC was awarded the 'Top 1%' highest ranking within the Semiconductor and Semiconductor Equipment sector. Last month, we also announced a MoU with Infineon to drive reduction of greenhouse gas emissions across our shared supply chain. With value chain (Scope 3) emissions the largest share of a company's total emissions, and also the most complex to address, collaboration with our partners is essential as we strive towards our goal of achieving net zero emissions by 2050. We are pleased to join forces with Infineon to accelerate decarbonization action among our common suppliers."
Summary of Operating Results
Operating Results
----------------------------------------------------------------------
QoQ % YoY %
(Amount: NT$ million) 1Q26 4Q25 change 1Q25 change
------------------------- ------ ------ ------- ------ -------
Operating Revenues 61,038 61,810 (1.2) 57,859 5.5
Gross Profit 17,818 18,958 (6.0) 15,447 15.4
Operating Expenses (7,099) (7,384) (3.9) (6,123) 15.9
Net Other Operating
Income and Expenses 557 651 (14.5) 462 20.4
Operating Income 11,276 12,225 (7.8) 9,786 15.2
Net Non-Operating Income
and Expenses 5,367 3,278 63.8 (439) -
Net Income Attributable
to Shareholders of the
Parent 16,171 10,055 60.8 7,777 107.9
EPS (NT$ per share) 1.29 0.81 0.62
(US$ per ADS) 0.204 0.129 0.093
Exchange rate (USD/NTD) 31.63 31.40 33.18
------------------------- ------ ------ ------- ------ -------
Note Sums may not equal
totals due to rounding.
First quarter operating revenues declined 1.2% sequentially to NT$61.04 billion. Revenue contribution from 40nm and below technologies represented 52% of wafer revenue. Gross profit declined 6.0% QoQ to NT$17.82 billion, or 29.2% of revenue. Operating expenses decreased 3.9% to NT$7.10 billion. Net other operating income decreased 14.5% to NT$0.56 billion. Net non-operating income totaled NT$5.37 billion. Net income attributable to shareholders of the parent amounted to NT$16.17 billion.
Earnings per ordinary share for the quarter was NT$1.29. Earnings per ADS was US$0.204. The basic weighted average number of shares outstanding in 1Q26 was 12,491,206,358, compared with 12,487,002,150 shares in 4Q25 and 12,484,780,989 shares in 1Q25. The diluted weighted average number of shares outstanding was 12,583,475,228 in 1Q26, compared with 12,594,788,681 shares in 4Q25 and 12,579,207,466 shares in 1Q25. The fully diluted shares counted on March 31, 2026 were approximately 12,583,475,000.
Detailed Financials Section
Operating revenues decreased to NT$61.04 billion. COGS increased 0.9% QoQ to NT$43.22 billion. Gross profit decreased 6.0% QoQ to NT$17.82 billion. Operating expenses decreased 3.9% QoQ to NT$7.10 billion, as R&D decreased 7.3% to NT$4.58 billion and G&A decreased 1.0% to NT$1.83 billion, while Sales & Marketing increased 15.8% to NT$0.69 billion. Net other operating income was NT$0.56 billion. In 1Q26, operating income decreased 7.8% QoQ to NT$11.28 billion.
COGS & Expenses
---------------------------------------------------------------------------------
QoQ % YoY %
(Amount: NT$ million) 1Q26 4Q25 change 1Q25 change
---------------------- ------- ------- -------- ------- --------
Operating Revenues 61,038 61,810 (1.2) 57,859 5.5
COGS (43,219) (42,851) 0.9 (42,412) 1.9
Depreciation (13,719) (12,991) 5.6 (12,321) 11.3
Other Mfg. Costs (29,500) (29,860) (1.2) (30,091) (2.0)
Gross Profit 17,818 18,958 (6.0) 15,447 15.4
Gross Margin (%) 29.2% 30.7% 26.7%
Operating Expenses (7,099) (7,384) (3.9) (6,123) 15.9
Sales & Marketing (689) (595) 15.8 (619) 11.3
G&A (1,834) (1,853) (1.0) (1,542) 18.9
R&D (4,575) (4,937) (7.3) (3,964) 15.4
Expected Credit
Impairment Gain 0 0 2,150.0 2 (98.1)
Net Other Operating
Income & Expenses 557 651 (14.5) 462 20.4
Operating Income 11,276 12,225 (7.8) 9,786 15.2
---------------------- ------- ------- ------- ------- -----
Note Sums may not equal totals due to rounding.
Net non-operating income in 1Q26 was NT$5.37 billion, primarily reflecting the NT$5.00 billion in net investment gain and the NT$0.30 billion in exchange gain.
Non-Operating Income and Expenses ------------------------------------------------------------ (Amount: NT$ million) 1Q26 4Q25 1Q25 ------------------------------------ ----- ----- ---- Non-Operating Income and Expenses 5,367 3,278 (439) Net Interest Income and Expenses 88 134 219 Net Investment Gain and Loss 4,997 2,812 (769) Exchange Gain and Loss 303 332 115 Other Gain and Loss (20) 0 (5) ------------------------------------ ----- ----- ---- Note Sums may not equal totals due to rounding.
In 1Q26, cash inflow from operating activities was NT$21.98 billion. Cash outflow from investing activities totaled NT$21.35 billion, including NT$13.16 billion in capital expenditures, resulting in free cash flow of NT$8.83 billion. Cash outflow from financing activities was NT$3.69 billion, primarily due to NT$3.04 billion in bank loans. Net cash outflow in 1Q26 amounted to NT$1.64 billion. Over the next 12 months, the company expects to repay NT$6.68 billion in bank loans.
Cash Flow Summary
------------------------------------------------------------------------------
For the 3-Month Period For the 3-Month Period
(Amount: NT$ million) Ended Mar. 31, 2026 Ended Dec. 31, 2025
---------------------- -------------------------- --------------------------
Cash Flow from
Operating Activities 21,981 33,003
Net income before
tax 16,644 15,503
Depreciation &
Amortization 15,987 15,630
Share of profit of
associates and
joint ventures (2,815) (929)
Income tax paid (464) (301)
Changes in working
capital & others (7,370) 3,100
Cash Flow from
Investing Activities (21,348) (17,059)
Increase in
financial assets
measured at
amortized cost (7,101) (3,074)
Acquisition of PP&E (12,526) (14,826)
Acquisition of
investments
accounted for
under the equity
method (643) -
Acquisition of
intangible assets (681) (667)
Others (397) 1,508
Cash Flow from
Financing Activities (3,686) (11,416)
Bank loans (3,039) (20,885)
Bonds issued - 9,800
Others (647) (331)
Effect of Exchange
Rate 1,411 1,915
Net Cash Flow (1,641) 6,443
Beginning balance 110,660 104,217
Ending balance 109,019 110,660
---------------------- --------------------- --- --------------------- ---
Note Sums may not equal totals due to rounding.
Cash and cash equivalents decreased to NT$109.02 billion. Days sales outstanding increased 3 days to 50 days, while days of inventory increased 3 day to 80 days.
Current Assets -------------------------------------------------- (Amount: NT$ billion) 1Q26 4Q25 1Q25 -------------------------- ------ ------ ------ Cash and Cash Equivalents 109.02 110.66 106.35 Accounts Receivable 35.60 31.27 34.80 Days Sales Outstanding 50 47 54 Inventories, net 38.65 37.23 35.43 Days of Inventory 80 77 77 Total Current Assets 216.44 204.78 192.32 -------------------------- ------ ------ ------
Current liabilities decreased to NT$79.61 billion. Long-term credit / bonds increased to NT$47.17 billion. Total liabilities decreased to NT$193.20 billion, while debt to equity ratio decreased to 47%.
Liabilities ----------------------------------------------------- (Amount: NT$ billion) 1Q26 4Q25 1Q25 ----------------------------- ------ ------ ------ Total Current Liabilities 79.61 87.60 72.87 Accounts Payable 9.07 9.17 9.27 Short-Term Credit / Bonds 22.89 27.60 17.63 Payables on Equipment 7.98 11.68 8.46 Other 39.67 39.15 37.51 Long-Term Credit / Bonds 47.17 45.37 44.63 Total Liabilities 193.20 199.14 182.13 Debt to Equity 47% 52% 47% ----------------------------- ------ ------ ------
Analysis of Revenue(2)
Revenue from Asia Pacific increased to 65%, while business from North America remained at 21% of sales. Business from Europe decreased to 9%, while contribution from Japan increased to 5%.
Revenue Breakdown by Region
--------------------------------------------
Region 1Q26 4Q25 3Q25 2Q25 1Q25
-------------- ---- ---- ---- ---- ----
North America 21% 21% 25% 20% 22%
-------------- ---- ---- ---- ---- ----
Asia Pacific 65% 64% 63% 67% 66%
-------------- ---- ---- ---- ---- ----
Europe 9% 11% 8% 8% 7%
-------------- ---- ---- ---- ---- ----
Japan 5% 4% 4% 5% 5%
-------------- ---- ---- ---- ---- ----
Revenue contribution from 22/28nm decreased to 34% of wafer revenue, while 40nm contribution increased to 18% of sales.
Revenue Breakdown by Geometry
-----------------------------------------------
Geometry 1Q26 4Q25 3Q25 2Q25 1Q25
----------------- ---- ---- ---- ---- ----
14nm and below 0% 0% 0% 0% 0%
----------------- ---- ---- ---- ---- ----
14nm<x<=28nm 34% 36% 35% 40% 37%
----------------- ---- ---- ---- ---- ----
28nm<x<=40nm 18% 17% 17% 15% 16%
----------------- ---- ---- ---- ---- ----
40nm<x<=65nm 18% 17% 18% 17% 16%
----------------- ---- ---- ---- ---- ----
65nm<x<=90nm 8% 8% 8% 7% 8%
----------------- ---- ---- ---- ---- ----
90nm<x<=0.13um 7% 7% 8% 7% 7%
----------------- ---- ---- ---- ---- ----
0.13um<x<=0.18um 10% 10% 9% 9% 10%
----------------- ---- ---- ---- ---- ----
0.18um<x<=0.35um 4% 4% 4% 4% 5%
----------------- ---- ---- ---- ---- ----
0.5um and above 1% 1% 1% 1% 1%
----------------- ---- ---- ---- ---- ----
Revenue from fabless customers accounted for 86% of revenue.
Revenue Breakdown by Customer Type
---------------------------------------------
Customer Type 1Q26 4Q25 3Q25 2Q25 1Q25
--------------- ---- ---- ---- ---- ----
Fabless 86% 80% 81% 81% 82%
--------------- ---- ---- ---- ---- ----
IDM 14% 20% 19% 19% 18%
--------------- ---- ---- ---- ---- ----
Revenue from the communication segment accounted for 39%, while business from computer applications was 12% of sales. Business from consumer applications accounted for 32%, while other segments was 17% of revenue.
Revenue Breakdown by Application (1)
-----------------------------------------------
Application 1Q26 4Q25 3Q25 2Q25 1Q25
---------------- ----- ---- ---- ---- ----
Computer 12% 12% 12% 11% 11%
---------------- ----- ---- ---- ---- ----
Communication 39% 42% 42% 41% 40%
---------------- ----- ---- ---- ---- ----
Consumer 32% 28% 29% 33% 34%
---------------- ----- ---- ---- ---- ----
Others 17% 18% 17% 15% 15%
---------------- ----- ---- ---- ---- ----
(1) 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 1Q26 ASP)
Shipment and Utilization Rate(3)
Wafer shipments increased 2.7% QoQ to 1,021K during the first quarter, while quarterly capacity was 1,283K. Overall utilization rate in 1Q26 was 79%.
Wafer Shipments
--------------------------------------------------------
1Q26 4Q25 3Q25 2Q25 1Q25
--------------------- ----- ----- ----- ----- -----
Wafer Shipments
(12" K equivalents) 1,021 994 1,000 967 910
--------------------- ----- ----- ----- ----- -----
Quarterly Capacity Utilization Rate
--------------------------------------------------------
1Q26 4Q25 3Q25 2Q25 1Q25
--------------------- ----- ----- ----- ----- -----
Utilization Rate 79% 78% 78% 76% 69%
--------------------- ----- ----- ----- ----- -----
Total Capacity
(12" K equivalents) 1,283 1,305 1,305 1,290 1,264
--------------------- ----- ----- ----- ----- -----
Capacity(4)
Total capacity in the first quarter was 1,283K 12-inch equivalent wafers. Capacity will increase to 1,305K 12-inch equivalent wafers in the second quarter of 2026.
Annual Capacity in Quarterly Capacity in
thousands of wafers thousands of wafers
----------------------------------------------- ------------------------------------
Geometry
FAB (um) 2025 2024 2023 2022 FAB 2Q26E 1Q26 4Q25 3Q25
-------- --------- ----- ----- ----- ----- -------- ----- ----- ----- -----
WTK 6" 5 -- 0.15 317 331 328 335 WTK 6" 80 78 80 80
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
8A 8" 3 -- 0.11 857 829 811 765 8A 8" 215 212 215 215
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.35 --
8C 8" 0.11 500 477 473 459 8C 8" 125 123 125 125
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.18 --
8D 8" 0.11 471 473 440 410 8D 8" 118 116 118 118
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.6 --
8E 8" 0.11 522 524 490 469 8E 8" 131 129 131 131
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.18 --
8F 8" 0.11 583 578 570 550 8F 8" 146 144 146 146
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.18 --
8S 8" 0.11 466 455 447 443 8S 8" 117 115 117 117
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.5 --
8N 8" 0.11 996 1,013 996 952 8N 8" 250 246 250 250
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.13 --
12A 12" 0.014 1,629 1,556 1,305 1,170 12A 12" 409 402 409 409
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.13 --
12i 12" 0.040 684 678 655 655 12i 12" 172 169 172 172
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.080 --
12X 12" 0.022 347 318 317 314 12X 12" 95 93 95 95
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.13 --
12M 12" 0.040 471 455 438 436 12M 12" 119 117 119 119
--- --- --------- ----- ----- ----- ----- === === ===== ===== ===== =====
Total(1) 5,163 5,022 4,674 4,458 Total 1,305 1,283 1,305 1,305
=================== ===== ===== ===== ===== -------- ----- ----- ----- -----
YoY Growth Rate 3% 7% 5% 6%
------------------- ----- ----- ----- -----
(1) One 6-inch wafer is converted into 0.25 (6(2) /12(2) ) 12-inch equivalent wafer; one 8-inch wafer is converted into 0.44 (8(2) /12(2) ) 12-inch equivalent wafers. Total capacity figures are expressed in 12-inch equivalent wafers.
CAPEX
CAPEX spending in 1Q26 totaled US$416 million. 2026 cash-based CAPEX budget will be US$1.5 billion.
Capital Expenditure by Year - in US$ 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$1.5 billion --- --- --------------
Second Quarter 2026 Outlook & Guidance
Quarter-over-Quarter Guidance:
-- Wafer Shipments: Will increase by high-single digit -- ASP in USD: Will increase by low-single digit -- Gross Profit Margin: Approximately 30% -- Capacity Utilization: low-80% range -- 2026 CAPEX: US$1.5 billion
Recent Developments / Announcements
Feb. 23, 2026 UMC Again Ranks Top 1% in the Semiconductor Industry in S&P
Global Sustainability Yearbook 2026
Feb. 25, 2026 UMC Announces Key Changes in Executive Leadership
Feb. 25, 2026 UMC Board of Directors Announces Proposals for its Annual
Shareholders Meeting
Mar. 04, 2026 Infineon and UMC Partner in Driving Decarbonization Across the
Supply Chain
Mar. 11, 2026 Adeia and UMC Expand Long-Term Collaboration in Hybrid Bonding
Technologies
Mar. 12, 2026 HyperLight, UMC, and Wavetek Announce Strategic Partnership for
High-Volume Foundry Production of TFLN Chiplet$(TM)$ Platform
Mar. 13, 2026 HyperLight and UMC Collaborate with Jabil to Bring TFLN
Photonics to Data-Center Scale Deployment
Mar. 20, 2026 UMC Earns Intel's 2026 EPIC Supplier Award
Apr. 21, 2026 UMC earns highest "AAA" rating in MSCI ESG Ratings
Please visit UMC's website for further details regarding the above announcements
Conference Call / Webcast Announcement
Wednesday, April 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: 1243029#
A live webcast and replay of the 1Q26 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 Statements
This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, 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. These forward-looking statements include, but are not limited to, statements regarding anticipated financial results for the first quarter of 2026; the expected wafer shipment and ASP; the anticipated annual budget; capex strategies; environmental protection goals and water management strategies; impact of foreign currency exchange rates; expected foundry capacities; the ability to obtain new business opportunities; and information under the heading "Second Quarter 2026 Outlook and Guidance."
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) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risk factors is included in UMC's filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F. All information provided in this release is as of the date of this release and are 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 release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in 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 March 31, 2026
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
March 31, 2026
-------------------------
US$ NT$ %
------- -------- ------
Assets
Current assets
Cash and cash equivalents 3,407 109,019 18.2%
Accounts receivable, net 1,113 35,603 5.9%
Inventories, net 1,208 38,645 6.4%
Other current assets 1,037 33,173 5.5%
------- -------- ------
Total current assets 6,764 216,440 36.1%
------- -------- ------
Non-current assets
Funds and investments 2,720 87,052 14.5%
Property, plant and equipment 8,372 267,898 44.7%
Right-of-use assets 234 7,500 1.3%
Other non-current assets 658 21,042 3.5%
------- -------- ------
Total non-current assets 11,984 383,492 63.9%
------- -------- ------
Total assets 18,748 599,932 100.0%
======= ======== ======
Liabilities
Current liabilities
Short-term loans 112 3,590 0.6%
Payables 1,408 45,061 7.5%
Current portion of long-term liabilities 603 19,299 3.2%
Other current liabilities 364 11,662 1.9%
------- -------- ------
Total current liabilities 2,488 79,611 13.3%
------- -------- ------
Non-current liabilities
Bonds payable 1,065 34,073 5.7%
Long-term loans 409 13,092 2.2%
Lease liabilities, noncurrent 167 5,354 0.9%
Other non-current liabilities 1,908 61,065 10.2%
------- -------- ------
Total non-current liabilities 3,550 113,584 18.9%
------- -------- ------
Total liabilities 6,037 193,196 32.2%
------- -------- ------
Equity
Equity attributable to the parent company
Capital 3,931 125,785 21.0%
Additional paid-in capital 494 15,812 2.6%
Retained earnings and other components of
equity 8,284 265,103 44.2%
------- -------- ------
Total equity attributable to the parent
company 12,709 406,701 67.8%
Non-controlling interests 1 36 0.0%
------- -------- ------
Total equity 12,711 406,736 67.8%
------- -------- ------
Total liabilities and equity 18,748 599,932 100.0%
======= ======== ======
Notes:
(1) The U.S. dollar amounts have been translated at an exchange rate
of NT $32.00 per U.S. dollar as of March 31, 2026.
(2) Sums may not equal totals due to
rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Year over Year Comparison Quarter over Quarter Comparison
------------------------------------------------ ------------------------------------------------
Three-Month Period Ended Three-Month Period Ended
March 31, December 31,
March 31, 2026 2025 Chg. March 31, 2026 2025 Chg.
----------------------- ------------ --------- ----------------------- ------------ ---------
US$ NT$ NT$ % US$ NT$ NT$ %
---------- ----------- ------------ --------- ---------- ----------- ------------ ---------
Operating
revenues 1,930 61,038 57,859 5.5% 1,930 61,038 61,810 (1.2%)
Operating costs (1,367) (43,219) (42,412) 1.9% (1,367) (43,219) (42,851) 0.9%
------ ------- ------- ----- ------ ------- ------- -----
Gross profit 563 17,818 15,447 15.4% 563 17,818 18,958 (6.0%)
------ ------- ------- --- ----- ------ ------- ------- --- -----
29.2% 29.2% 26.7% 29.2% 29.2% 30.7%
Operating
expenses
- Sales and
marketing
expenses (22) (689) (619) 11.3% (22) (689) (595) 15.8%
- General and
administrative
expenses (58) (1,834) (1,542) 18.9% (58) (1,834) (1,853) (1.0%)
- Research and
development
expenses (145) (4,575) (3,964) 15.4% (145) (4,575) (4,937) (7.3%)
- Expected
credit
impairment
gain 0 0 2 (98.1%) 0 0 0 2,150%
------ ------- ------- --- ----- ------ ------- ------- --- -----
Subtotal (224) (7,099) (6,123) 15.9% (224) (7,099) (7,384) (3.9%)
------ ------- ------- ----- ------ ------- ------- -----
Net other
operating income
and expenses 18 557 462 20.4% 18 557 651 (14.5%)
------ ------- ------- --- ----- ------ ------- ------- --- -----
Operating income 357 11,276 9,786 15.2% 357 11,276 12,225 (7.8%)
18.5% 18.5% 16.9% 18.5% 18.5% 19.8%
Net non-operating
income and
expenses 170 5,367 (439) - 170 5,367 3,278 63.8%
------ ------- ------- ----- ------ ------- ------- --- -----
Income from
continuing
operations
before income
tax 526 16,644 9,347 78.1% 526 16,644 15,503 7.4%
27.3% 27.3% 16.2% 27.3% 27.3% 25.1%
Income tax
expense (17) (527) (1,603) (67.1%) (17) (527) (5,504) (90.4%)
------ ------- ------- ----- ------ ------- ------- -----
Net income 510 16,117 7,743 108.1% 510 16,117 9,999 61.2%
26.4% 26.4% 13.4% 26.4% 26.4% 16.2%
Other
comprehensive
income (loss) 323 10,205 4,489 127.3% 323 10,205 8,721 17.0%
------ ------- ------- --- ----- ------ ------- ------- --- -----
Total
comprehensive
income (loss) 832 26,322 12,232 115.2% 832 26,322 18,720 40.6%
====== ======= ======= === ===== ====== ======= ======= === =====
Net income
attributable
to:
Shareholders of
the parent 511 16,171 7,777 107.9% 511 16,171 10,055 60.8%
Non-controlling
interests (2) (54) (34) 62.6% (2) (54) (56) (2.0%)
Comprehensive
income (loss)
attributable
to:
Shareholders of
the parent 834 26,376 12,266 115.0% 834 26,376 18,776 40.5%
Non-controlling
interests (2) (54) (33) 62.6% (2) (54) (56) (1.9%)
Earnings per
share-basic 0.041 1.29 0.62 0.041 1.29 0.81
------ ------- ------- --- ------ ------- ------- ---
Earnings per ADS
(2) 0.204 6.45 3.10 0.204 6.45 4.05
------ ------- ------- --- ------ ------- ------- ---
Weighted average
number of
shares
outstanding
(in
millions) 12,491 12,485 12,491 12,487
------- ------- --- ------- ------- ---
Notes:
(1) The U.S. dollar amounts have been translated at the weighted-average
exchange rate of NT $31.63 per U.S. dollar for the three-month period ended
March 31, 2026.
(2) 1 ADS equals 5 common shares.
(3) Sums may not equal totals due to rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
For the Three-Month Period For the Three-Month Period
Ended Ended
March 31, 2026 March 31, 2026
------------------------------- -------------------------------
US$ NT$ % US$ NT$ %
---------- -------- --------- ---------- -------- ---------
Operating
revenues 1,930 61,038 100.0% 1,930 61,038 100.0%
Operating costs (1,367) (43,219) (70.8%) (1,367) (43,219) (70.8%)
------ ------- ----- ------ ------- -----
Gross profit 563 17,818 29.2% 563 17,818 29.2%
------ ------- ----- ------ ------- -----
Operating
expenses
- Sales and
marketing
expenses (22) (689) (1.1%) (22) (689) (1.1%)
- General and
administrative
expenses (58) (1,834) (3.0%) (58) (1,834) (3.0%)
- Research and
development
expenses (145) (4,575) (7.5%) (145) (4,575) (7.5%)
- Expected
credit
impairment
gain 0 0 0.0% 0 0 0.0%
------ ------- ----- ------ ------- -----
Subtotal (224) (7,099) (11.6%) (224) (7,099) (11.6%)
------ ------- ----- ------ ------- -----
Net other
operating
income and
expenses 18 557 0.9% 18 557 0.9%
------ ------- ----- ------ ------- -----
Operating income 357 11,276 18.5% 357 11,276 18.5%
Net
non-operating
income and
expenses 170 5,367 8.8% 170 5,367 8.8%
------ ------- ----- ------ ------- -----
Income from
continuing
operations
before income
tax 526 16,644 27.3% 526 16,644 27.3%
Income tax
expense (17) (527) (0.9%) (17) (527) (0.9%)
------ ------- ----- ------ ------- -----
Net income 510 16,117 26.4% 510 16,117 26.4%
Other
comprehensive
income (loss) 323 10,205 16.7% 323 10,205 16.7%
------ ------- ----- ------ ------- -----
Total
comprehensive
income (loss) 832 26,322 43.1% 832 26,322 43.1%
====== ======= ===== ====== ======= =====
Net income
attributable
to:
Shareholders of
the parent 511 16,171 26.5% 511 16,171 26.5%
Non-controlling
interests (2) (54) (0.1%) (2) (54) (0.1%)
Comprehensive
income (loss)
attributable
to:
Shareholders of
the parent 834 26,376 43.2% 834 26,376 43.2%
Non-controlling
interests (2) (54) (0.1%) (2) (54) (0.1%)
Earnings per
share-basic 0.041 1.29 0.041 1.29
------ ------- ------ -------
Earnings per ADS
(2) 0.204 6.45 0.204 6.45
------ ------- ------ -------
Weighted average
number of
shares
outstanding (in
millions) 12,491 12,491
------- -------
Notes:
(1) The U.S. dollar amounts have been translated at the weighted-average
exchange rate of NT $31.63 per U.S. dollar for the three-month period ended
March 31, 2026.
(2) 1 ADS equals 5 common shares.
(3) Sums may not equal totals due to rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statement of Cash Flows
For The Three-Month Period Ended March 31, 2026
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
US$ NT$
------- --------
Cash flows from operating activities :
Net income before tax 526 16,644
Depreciation & Amortization 506 15,987
Share of profit of associates and joint
ventures (89) (2,815)
Income tax paid (15) (464)
Changes in working capital & others (233) (7,370)
------ -------
Net cash provided by operating activities 695 21,981
Cash flows from investing activities :
Increase in financial assets measured at
amortized cost (225) (7,101)
Acquisition of property, plant and equipment (396) (12,526)
Acquisition of intangible assets (22) (681)
Others (33) (1,040)
------ -------
Net cash used in investing activities (675) (21,348)
Cash flows from financing activities :
Decrease in short-term loans (152) (4,821)
Proceeds from long-term loans 156 4,931
Repayments of long-term loans (100) (3,149)
Others (20) (647)
------ -------
Net cash used in financing activities (117) (3,686)
Effect of exchange rate changes on cash and cash
equivalents 45 1,411
------ -------
Net decrease in cash and cash equivalents (52) (1,641)
Cash and cash equivalents at beginning of period 3,499 110,660
------ -------
Cash and cash equivalents at end of period 3,447 109,019
====== =======
Notes:
(1) The U.S. dollar amounts have been translated at the
weighted-average exchange rate of NT $31.63 per U.S. dollar for the
three-month period ended March 31, 2026.
(2) Sums may not equal totals due to rounding.
(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 March 31, 2026, the three-month period ending December 31, 2025, and the equivalent three-month period that ended March 31, 2025. For all 1Q26 results, the U.S. dollar amounts have been translated at the weighted-average exchange rate of NT$31.63 per U.S. dollar for the three-month period ended March 31, 2026.
(2) Revenue in this section represents wafer sales.
(3) Utilization Rate = Quarterly Wafer Out / Quarterly Capacity
(4) 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260429074239/en/
CONTACT: Michael Lin / David Wong
UMC, Investor Relations
+ 886-2-2658-9168, ext. 16900
jinhong_lin@umc.com
david_wong@umc.com
(END) Dow Jones Newswires
April 29, 2026 07:52 ET (11:52 GMT)