Q1 2026 United Microelectronics Corp Earnings Call Transcript
Key Points
- UMC reported a year-over-year revenue growth of 5.5% in the first quarter of 2026, driven by increased shipments.
- Net income attributable to shareholders increased by 50% sequentially, reaching TWD15.17 billion.
- UMC's 22-nanometer logic and specialty process continue to gain momentum, with 10-nanometer revenue reaching a record high.
- The company expects strong wafer shipment growth in the second quarter, supported by a rebound in the communications segment.
- UMC is investing in next-generation technology, including a 12-nanometer collaboration, and has announced a strategic partnership for AI infrastructure development.
- Revenue was flat or down 1.2% sequentially, and gross margin slightly declined from the previous quarter.
- The ASP declined slightly in the first quarter due to increased wafer shipments, affecting the blended ASP.
- UMC faces headwinds from higher depreciation expenses and increased utility costs, impacting gross margins.
- The company noted a decline in revenue from the Europe region and a decrease in IDM revenue.
- UMC's Japanese operations are below corporate average in terms of utilization, affecting overall performance.
Welcome, everyone, to UMC's 2026 first-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 is finished. Please visit our website, www.umc.com, under the Investor Relations, Investors, Events section.
Now I would like to introduce Mr. David Wong, Investor Relations Manager of UMC. Mr. Wong, please begin.
Thank you, and welcome to the UMC's conference call for the first-quarter of 2026. I'm joined by Mr. Chi-Tung Liu, CFO of UMC; and Mr. Michael Lin, Senior Director of Finance. In a moment, we will hear our CFO present the first-quarter financial results, followed by our key message to address UMC's focus and second-quarter 2026 guidance. Once our CFO complete their remarks, there will be a Q&A session. UMC's quarterly financial reports are
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