Q4 2025 United Microelectronics Corp Earnings Call Transcript
Key Points
- UMC reported a 4.5% quarter-over-quarter revenue growth in Q4 2025, reaching TWD61.81 billion.
- The company achieved a gross margin improvement to 30.7% in Q4 2025.
- UMC's 22-nanometer segment saw a significant 31% quarter-on-quarter revenue increase, contributing to a record high in this category.
- UMC completed the new Phase III facility at its Singapore Fab 12i, enhancing its capacity and supporting supply chain diversification.
- The company is optimistic about 2026, expecting firm wafer demand and continued growth driven by its 22-nanometer platform and new solutions.
- UMC's EPS for 2025 was TWD3.34, a decline from TWD3.8 in 2024.
- The company's capacity utilization rate is expected to remain in the mid-70% range, indicating potential underutilization.
- UMC's CapEx plan for 2026 is USD1.5 billion, a slight decline from USD1.6 billion in 2025, which may impact future growth investments.
- The company faces challenges from memory supply imbalances, which could pressure specific consumer electronics demand.
- UMC's gross margin guidance for Q1 2026 is in the high 20% range, reflecting ongoing cost pressures, including higher depreciation expenses.
Welcome, everyone, to UMC's 2025 fourth-quarter earnings conference call. (Operator Instructions) For your information, this conference call is now being broadcasted live over the Internet. Webcast replay will be available within two hours after the conference has finished. Please visit our website, www.umc.com, under the Investor Relations, Investors, Events section.
Now I would like to introduce Mr. Michael Lin, Head of Investor Relations at UMC. Mr. Lin, please begin.
Thank you, and welcome to UMC's conference call for the fourth-quarter of 2025. I'm joined by Mr. Jason Wang, President of UMC; and Mr. Chi-Tung Liu, the CFO of UMC. In a moment, we will hear our CFO present the fourth quarter financial results followed by our President's key message to address UMC's focus and the first quarter 2026 guidance. Once our President and CFO complete their remarks, there will be a Q&A session. UMC's quarterly financial
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