Taiwan · Delayed Price · Currency is TWD United Microelectronics Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw strong revenue and margin growth, driven by robust AI and specialty demand, record 22nm/28nm sales, and high utilization. CapEx was raised to $2B for 2026 and $5B for 2026–2027, with major expansions in advanced packaging and silicon photonics.
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Q1 2026 saw strong revenue and net income growth, with robust demand in consumer and specialty technology segments. Utilization and gross margin improved, and guidance points to further shipment and ASP increases in Q2, supported by strategic investments and disciplined pricing.
Fiscal Year 2025
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Q4 2025 saw 4.5% sequential revenue growth and improved gross margin, with strong performance in 22/28 nm nodes and specialty technologies. 2026 guidance points to stable shipments, firm ASP, and significant growth in advanced packaging and silicon photonics from 2027.
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Q3 2025 saw revenue of NT$59.13B, gross margin at 29.8%, and net income of NT$14.98B, with strong 22-nm growth and robust demand across segments. Outlook for Q4 is stable, with 2025 shipment growth in the low teens and double-digit 22/28-nm growth expected in 2026.
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Q2 2025 saw revenue of NT 58.8B, gross margin at 28.7%, and net income of NT 8.9B, with strong growth in 22/28 nm nodes and utilization at 76%. FX risks and macro uncertainties persist, but 2025 guidance and CapEx remain unchanged.
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Q1 2025 saw revenue of TWD 57.86B and net income of TWD 7.78B, with gross margin at 26.7%. Q2 is expected to bring a 5%-7% wafer shipment increase and margin recovery to ~30%, while macro uncertainties and tariffs cloud the second half outlook.
Fiscal Year 2024
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Q4 2024 revenue was TWD 60.4B with a 30.4% gross margin; full-year revenue grew 4.4% YoY. 2025 guidance includes flat wafer shipments, a single-digit ASP decline, and CapEx of $1.8B. Focus remains on technology innovation, advanced packaging, and outgrowing a low single-digit addressable market.
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Q3 2024 saw revenue and wafer shipments rise, with strong specialty and 22/28nm performance. Q4 is guided flat, with margin pressure from lower utilization and higher costs. Technology investments, Intel collaboration, and a resilient pricing strategy support long-term growth.
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Q2 2024 saw revenue rise 4% QoQ to TWD 56.8B, with gross margin at 35.2% and net income of TWD 13.8B. Wafer shipments and utilization improved, driven by strong 22/28-nm demand. Q3 guidance points to further shipment growth and stable margins, though margin pressure from higher costs is expected.