EarningsQ2 2026 Earnings Report
MX:UMCN Q2 2026 EPS Results
Actual EPS$9.48
Consensus EPS$3.12
Beat/MissBeat by +$6.36
One Year Ago EPS$2.16
MX:UMCN Q2 2026 Revenue Results
Actual Revenue$39.49B
Expected Revenue$38.79B
Beat/MissBeat by +$698.56M
YoY Revenue Growth+14.29%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeBefore Open
Conference CallWednesday, July 29, 2026
MX:UMCN Upcoming Earnings
United Micro's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:UMCN Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominately positive operational and financial picture: accelerating shipments (+10.6% QoQ), higher utilization (85% → guidance >90%), stronger revenue and gross margin expansion, major technology milestones (12-inch silicon photonics mass production) and sizeable Board-approved CapEx to capture AI, silicon photonics and advanced packaging opportunities. Key near-term risks include reliance on non-operating gains that boosted reported net income, significant near-term depreciation and CapEx that may pressure reported gross margins, execution and timing risk for large expansions (benefits expected in 2028–29), and continued softness in consumer end markets. On balance, the positive growth, clear technology milestones and aggressive, but phased, investment program outweigh the near-term margin and timing risks.Company Guidance
Revenue Growth and Profitability
2Q26 consolidated revenue TWD 68.73 billion, up 12.6% QoQ; 1H26 revenue TWD 129.77 billion, up 11.3% YoY. 2Q26 net income attributable to shareholders TWD 42.26 billion (EPS TWD 3.39); 1H26 net income TWD 58.4 billion (EPS TWD 4.68).
Improved Margins and Utilization
2Q26 gross margin 32.5%, increased by ~3 percentage points QoQ; utilization rose to 85% from 79% in prior quarter (+6 percentage points). Q3 guidance targets utilization >90% and gross margin in the mid-30% range.
Stronger Volume and ASP Trends
Total wafer shipments 1.13 million 12-inch wafer equivalents in 2Q; wafer shipments rose 10.6% QoQ. Blended ASP increased by a low single-digit percentage in 2Q and management expects ASP in USD to remain firm.
Balance Sheet and Non-Operating Gains
Cash on hand ~TWD 124.7 billion and total equity TWD 443.9 billion at end of 2Q26. Investment and dividend (non-operating) income reached ~TWD 30 billion in 2Q26 (total non-operating income TWD 35.6 billion in 1H26), materially boosting net income.
Technology Mix and Node Strength
Revenue under <40nm remains ~52%; 22/28nm now ~37% of revenue with 22nm alone 17.5% of 2Q sales — 22/28nm business hit record levels in the quarter.
Silicon Photonics and Product Milestone
Announced first mass-production delivery of a 12-inch photonics IC (major milestone). Silicon photonics platform planned for general customer availability in 2027; company positions 12-inch solution as differentiated vs. 8-inch competitors.
Advanced Packaging Traction
Advanced packaging: >10 active customers, >35 new products in discussion with tape-outs expected in 2026–early 2027; existing production for 3D wafer-to-wafer hybrid bonding, bridge die and discrete DTC already in place.
CapEx Approval and Expansion Plans
2026 CapEx raised to USD 2.0 billion (from USD 1.5 billion). Board approved nearly USD 5 billion to be deployed across 2026–2027 for phased expansion including Singapore P4 cleanroom expansion and a new Tainan fab; Singapore Fab12i capacity to reach 192,000 12-inch wafer equivalents.
AI-Related Revenue Targets
Management projects AI-related revenue close to ~USD 300 million in 2026 and expects AI exposure to exceed USD 1 billion within three years.
MX:UMCN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed