United Microelectronics (UMC) investor relations material

Executive summary

• Consolidated revenue for Q2 2026 reached NT$68,733 million, up 12.6% quarter-over-quarter and 17.0% year-over-year, with gross margin at 32.5% and net income at NT$42,260 million.

• EPS for Q2 2026 was NT$3.39, compared to NT$1.29 in Q1 2026 and NT$0.71 in Q2 2025.

• Wafer shipments increased 10.6% sequentially, driven by strong demand in communications and consumer segments, raising utilization to 85%.

• Record revenue from 22nm/28nm business, with 22nm contributing 17.5% of Q2 sales.

• First mass production delivery of 12-inch silicon photonics IC, marking a milestone in advanced manufacturing.

Financial highlights

• Gross profit for Q2 2026 was NT$22,323 million, up 25.3% sequentially; operating income reached NT$14,950 million, up 32.6% from Q1 2026.

• Net income for Q2 2026 was NT$42,224 million, supported by NT$30 billion in investment and dividend income.

• First half 2026 revenue: NT$129,771 million, up 11.3% year-over-year; gross margin: 30.9%.

• Cash and cash equivalents at June 30, 2026 were NT$124,706 million; total equity: NT$443,924 million.

• Blended ASP increased by low single digits in Q2.

Outlook and guidance

• Q3 2026 wafer shipments expected to rise by high single digits; utilization rate to exceed 90%.

• Gross margin projected in the mid-30% range; ASP in USD to remain firm.

• AI-related revenue projected at $300 million for 2026, expected to exceed $1 billion in three years.

• 8-inch portfolio rebounding, with utilization improving to 85%.

• Total foundry capacity is expected to increase to 1,325 thousand 12" wafer equivalents in Q3 2026.