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The latest update is out from United Micro ( (UMC) ).
On April 29, 2026, UMC’s board approved the consolidated financial statements for the first quarter of 2026, reporting revenue of NT$61.0 billion, net profit of NT$16.1 billion, basic EPS of NT$1.29, and total assets of NT$599.9 billion, underscoring solid profitability and a strong balance sheet for the period from January 1 to March 31. The board also cleared a NT$4.683 billion capital budget for capacity deployment, cancelled 1.54 million unvested employee restricted shares via a small capital reduction, and launched its 22nd share repurchase program of up to 50 million shares (0.40% of share capital) between April 30 and June 29, 2026, to be used for employee incentives, signaling continued investment in manufacturing capacity and talent retention while tightening the share base.
These measures, including capital spending, minor equity shrinkage, and buybacks dedicated to employee grants, indicate a balanced capital allocation approach aimed at supporting growth in foundry capacity, aligning staff incentives with shareholder interests, and potentially enhancing per-share metrics over time without materially altering UMC’s overall capital structure.
The most recent analyst rating on (UMC) stock is a Hold with a $8.60 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
Spark’s Take on UMC Stock
According to Spark, TipRanks’ AI Analyst, UMC is a Outperform.
The score is driven primarily by solid financial health and an improving technical setup (price above key moving averages with positive MACD). Earnings call commentary is constructive on 2026 growth but tempered by near-term margin and utilization headwinds, while valuation is mixed (strong yield but a mid-range P/E).
To see Spark’s full report on UMC stock, click here.
More about United Micro
United Microelectronics Corporation (UMC) is a Taiwan-based semiconductor foundry that manufactures integrated circuits for global chip designers, focusing on specialty and mature-node process technologies. Operating from Hsinchu Science Park, it targets broad applications across consumer, communications, and industrial electronics through contract wafer fabrication services.
Average Trading Volume: 9,437,133
Technical Sentiment Signal: Buy
Current Market Cap: $28.96B
See more data about UMC stock on TipRanks’ Stock Analysis page.