Q2 2026 United Microelectronics Corp Earnings Call Transcript
Key Points
- UMC reported a 12.6% quarter-over-quarter revenue growth, reaching 68.7 billion NT.
- The company's gross margin increased by over 3 percentage points to 32.5%.
- UMC's wafer shipments increased by 10.6% quarter-on-quarter, driven by strong demand in communications and consumer segments.
- The company achieved a significant milestone with the first mass production delivery of a 12-inch photonics IC.
- UMC's 22-nanometer business continues to set record highs, representing 17.5% of second-quarter sales.
- UMC's gross margin, while improved, is still impacted by higher depreciation expenses due to new facility investments.
- The consumer electronics demand remains weak, affecting the overall market outlook.
- UMC's AI-related revenue is projected to be only $300 million in 2026, indicating a slow ramp-up in this segment.
- The company's expansion plans will lead to increased capital expenditure, raising the 2026 CapEx budget to US $2 billion.
- There is cautiousness around inventory levels, particularly in the smartphone and consumer segments, which remain higher than historical averages.
Hi, Mr. Jason Wang, the CEO of UMC, and Mr. Chidong Liu, the CFO of UMC. In a moment, we will hear our CFO present the second-quarter financial results, followed by our CEO's key message to address UMC's focus and third-quarter 2026 guidance.
Once our CEO and CFO complete their remarks, there will be a Q&A section.
UMC's quarterly financial reports are available at our website, www.umc.com, under the Investors' Financials section.
During this conference, we may make forward-looking statements based on management's current expectations and beliefs.
These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to differ materially, including the risks. That may be beyond the company's control.
For more detailed description of these risks and uncertainties, please refer to our recent and subsequent filings with the SEC and IOC security authorities.
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