Description
United Microelectronics: The 22-Nanometer Node At 14% Of Sales Is The Growth Engine Investors Miss!
United Microelectronics Corporation reported first quarter 2026 consolidated revenues of TWD 61.04 billion, reflecting a 5.5% year-over-year increase but a slight sequential decline of 1.2%. Gross margin stood at 29.2%, a small dip from 30.7% in the previous quarter, while net income attributable to shareholders rose substantially to TWD 15.7 billion, more than doubling the figure from the same quarter last year. Earnings per share were TWD 1.29, supported in part by significant growth in non-operating income related to favorable stock market performance. The company’s wafer shipment increased by 2.7% sequentially, driven primarily by growth in the consumer segment, lifting utilization rates to 79%. Despite a slight decline in average selling prices (ASP), the expanded shipment volume and demand for mid-range technologies like 22-nanometer platforms resulted in gross margin stability.
