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United Micro
(NYSE:UMC)
United Micro (UMC) vs. SPDR S&P 500 ETF (SPY)
United Micro Business Overview & Revenue Model
United Micro Earnings Call Summary
United Micro Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 237.55B | 232.30B | 222.53B | 278.71B | 213.01B |
| Gross Profit | 68.91B | 75.65B | 77.74B | 125.76B | 72.05B |
| EBITDA | 109.50B | 97.35B | 105.85B | 153.72B | 107.44B |
| Net Income | 41.72B | 47.21B | 59.69B | 89.48B | 51.25B |
Balance Sheet | |||||
| Total Assets | 579.00B | 560.17B | 546.58B | 524.65B | 450.96B |
| Cash, Cash Equivalents and Short-Term Investments | 128.37B | 115.24B | 144.88B | 178.60B | 170.90B |
| Total Debt | 78.34B | 70.47B | 64.16B | 45.61B | 46.82B |
| Total Liabilities | 199.14B | 194.46B | 202.86B | 201.83B | 186.58B |
| Stockholders Equity | 379.77B | 365.45B | 343.38B | 322.47B | 264.15B |
Cash Flow | |||||
| Free Cash Flow | 52.40B | 5.33B | -8.02B | 62.98B | 40.39B |
| Operating Cash Flow | 100.41B | 93.87B | 86.00B | 145.86B | 90.35B |
| Investing Cash Flow | -53.45B | -85.94B | -97.79B | -54.43B | -62.16B |
| Financing Cash Flow | -39.42B | -39.20B | -29.09B | -57.25B | 12.49B |
United Micro Technical Analysis
United Micro Risk Analysis
United Micro Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $22.64B | 14.74 | 11.36% | 6.06% | 5.87% | -20.93% | |
76 Outperform | $18.29B | 41.94 | 7.85% | ― | 8.03% | -6.03% | |
69 Neutral | $23.95B | 21.96 | 7.68% | ― | 0.25% | -106.22% | |
64 Neutral | $23.35B | 183.93 | 1.53% | ― | -16.13% | -81.06% | |
63 Neutral | $46.86B | 26.78 | 12.81% | 2.29% | 8.01% | 10.41% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
56 Neutral | $27.65B | 136.11 | 0.97% | 1.28% | -17.33% | -76.71% |
United Micro Corporate Events
On March 12, 2026, United Microelectronics Corporation reported that its major subsidiary United Semiconductor (Xiamen) Co., Ltd. held a shareholders’ meeting the same day, approving the 2025 audited financial report and the 2026 annual operating budget, while also revising its asset acquisition and disposal procedures, signaling continued emphasis on governance and operational planning. Separately, UMC announced that a capital reduction tied to the cancellation of restricted stock awards was approved and registered on March 11, 2026, slightly lowering paid-in capital and shares outstanding while marginally increasing book value per share, and disclosed that its CFO and senior vice president Chitung Liu reduced his holdings by 49,000 shares in February 2026, providing investors incremental visibility into capital structure adjustments and insider trading activity.
The most recent analyst rating on (UMC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On March 5, 2026, United Microelectronics Corporation reported its February 2026 operating metrics and upcoming investor relations activities. The company posted February net sales of NT$19.35 billion, up 6.33% year on year, with year-to-date sales rising 5.81% to NT$40.21 billion, and disclosed that it had no funds lent to other parties, no endorsements or guarantees, and limited non-hedging derivative positions.
UMC also announced plans to engage investors at two Taipei conferences in March 2026, signaling an active outreach effort amid improving revenue trends. The company will participate in Citi’s “2026 Taiwan Corporate Day” on March 9–10 and J.P. Morgan’s “Taiwan CEO-CFO Conference” on March 11–12, moves that may help reinforce its visibility with institutional investors following the reported sales growth.
The most recent analyst rating on (UMC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On February 25, 2026, UMC disclosed a series of board resolutions and corporate actions, including approval of its 2025 business report showing consolidated revenue of NT$237.6 billion and net income attributable to shareholders of NT$41.7 billion, equivalent to earnings per share of NT$3.34. The board also approved a cash dividend of NT$2.60 per share for 2025, signaling a substantial payout of NT$32.7 billion that underlines UMC’s continued focus on returning cash to shareholders amid solid profitability.
Over the period from March 24, 2025 to February 25, 2026, UMC committed roughly NT$1.58 billion to acquire advanced machinery and equipment from ASML Singapore for production use, reinforcing its capacity and technology base in a competitive foundry market. On the governance and capital front, the board approved the cancellation of 9.63 million unvested restricted employee shares, a small capital reduction of 0.0765%, while simultaneously authorizing a new round of restricted stock awards, adjusting its equity-based compensation structure to better align incentives and performance.
The board further approved changes in senior management and set May 27, 2026 as the date for the annual general meeting in Hsinchu, moves that may shape UMC’s strategic direction and give shareholders a forum to respond to the refreshed leadership. In addition, directors cleared a NT$16.8 million donation to the UMC Science and Culture Foundation, underscoring ongoing corporate social responsibility efforts that complement its financial and operational decisions and can influence stakeholder perceptions of the company’s long-term positioning.
The most recent analyst rating on (UMC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
United Microelectronics Corporation on February 25, 2026, filed a Form 6-K announcing the publication of its consolidated financial statements for the years ended December 31, 2025 and 2024. The filing confirms that an independent auditors’ report has been issued, stating that the company’s consolidated financial position and performance are fairly presented in all material respects under IFRS and Taiwanese regulatory standards.
The auditors highlighted inventory valuation as a key audit matter, reflecting the challenges posed by rapid technological change in the semiconductor sector and the need for significant judgment in estimating reserves for slow-moving stock. The report also notes that portions of results from associates and joint ventures were audited by other firms, indicating a diversified corporate structure; together, these disclosures provide investors with assurance on reporting quality while underscoring operational risks inherent to the chip industry’s volatility and complex supply chains.
The most recent analyst rating on (UMC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On February 24, 2026, United Microelectronics Corporation announced that its major subsidiary United Semiconductor (Xiamen) Co., Ltd. had approved a board resolution to convene a shareholders’ meeting in Xiamen on March 12, 2026. The meeting will review the subsidiary’s 2025 audited financial report, consider its 2026 annual operating budget, and discuss amendments to its asset acquisition and disposal procedures, signaling continued governance focus on capital allocation and risk control.
Also on February 24, 2026, the board resolved that subsidiary UMC GROUP (USA) would not distribute dividends, opting instead to retain audited surplus as working capital to support its operations. On the same date, UMC disclosed a change in the representative of juristic-person director Hsun Chieh Investment Co., Ltd., appointing Executive Vice President Ming Hsu to replace director S.C. Chien, a move that adjusts board-level representation mid-term and may subtly influence the company’s strategic oversight.
The most recent analyst rating on (UMC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On February 13, 2026, UMC announced that its board of directors is scheduled to meet on February 25, 2026, to review and approve the company’s 2025 financial reports, setting a clear timetable for the release of its annual results. The notice underscores upcoming disclosure milestones that investors and analysts will watch for insights into operating performance and capital allocation.
The company also reported insider share activity for January 2026, noting that independent director Su Lin Wang held 101,000 UMC common shares as of January 31, 2026, up from no holdings at year-end 2025. UMC disclosed that there were no share pledges or releases of pledges by directors, executives or major shareholders during the month, information that may reassure investors about leverage and governance risks.
The most recent analyst rating on (UMC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On February 5, 2026, United Microelectronics Corporation reported its operating metrics for January 2026, showing that monthly net sales rose to NT$20.86 billion, a 5.33% increase from NT$19.81 billion in January 2025, with year-to-date figures matching the January total. For the same period, the company reported no funds lent to other parties and no endorsements or guarantees outstanding, while its use of financial derivative instruments remained limited, consisting mainly of forward contracts with modest fair value and realized gains and losses, underscoring a relatively conservative approach to balance sheet risk and liquidity management.
The most recent analyst rating on (UMC) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On January 28, 2026, UMC reported its consolidated operating results for the fourth quarter and full year 2025, posting Q4 revenue of NT$61.81 billion, up 4.5% sequentially and 2.4% year-on-year, with a gross margin of 30.7% and net income of NT$10.06 billion. Earnings per share for 2025 reached NT$3.34, supported by a 93% year-on-year surge in full-year 22nm revenue and record 22nm sales in the fourth quarter, where 22/28nm technologies contributed 36% of revenue and 22nm alone exceeded 13%, reflecting a favorable product mix and stable wafer demand despite only modest market growth. Management said 2026 is expected to be another growth year, underpinned by accelerating tape-outs on 22nm platforms, new technology solutions, and expanded manufacturing capacity including the completed Phase 3 facility at Singapore Fab 12i and U.S. partnerships such as a 12nm collaboration with Intel and an MOU with Polar Semiconductor. UMC also highlighted sustainability milestones achieved in 2025, including the inauguration of an on-site Circular Economy and Recycling Innovation Center in Taiwan that is expected to cut waste from its Taiwan fabs by up to one-third, while guidance for the first quarter of 2026 calls for flat wafer shipments, firm U.S. dollar ASPs, gross margin in the high-20% range, mid-70% capacity utilization and 2026 capital expenditures of US$1.5 billion.
The most recent analyst rating on (UMC) stock is a Buy with a $14.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On January 14, 2026, United Microelectronics Corporation announced it will hold an online institutional investor conference on January 28, 2026, to present its financial and operating results for the fourth quarter of 2025, signaling continued engagement with the capital markets as it updates investors on recent performance. In a separate disclosure covering December 2025, the company reported share trading activity by its directors, executive officers and 10% shareholders, showing mostly incremental increases in individual holdings and no pledged or cleared pledges of UMC common shares during the month, suggesting stable insider confidence and limited leverage against their equity positions.
The most recent analyst rating on (UMC) stock is a Buy with a $10.00 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On January 7, 2026, United Microelectronics Corporation reported its operating metrics for December 2025, showing net sales of NT$19.28 billion for the month, up 1.66% from December 2024, and full-year 2025 net sales of NT$237.55 billion, a 2.26% increase over 2024, signaling modest growth momentum amid a competitive foundry landscape. The company disclosed that it had no funds lent to other parties, reported no active endorsements or guarantees after the early prepayment and release of its guarantee on USC (Xiamen)’s syndicated bank loan, and outlined limited financial derivative activity primarily in forward contracts with small associated fair value and realized losses and minor gains, underscoring a conservative financial risk profile for stakeholders.
The most recent analyst rating on (UMC) stock is a Sell with a $4.80 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
Between January 7 and December 19, 2025, United Microelectronics Corporation acquired a batch of machinery and equipment from Applied Materials South East Asia Pte. Ltd. for a total consideration of NT$1,259,089,982 in a non-related party transaction. The purchase, finalized and approved internally on December 19, 2025, was determined through price negotiation based on market prices and is intended to support UMC’s production and R&D activities, signaling continued investment in manufacturing capacity and technology capabilities that could enhance its competitiveness and operational efficiency in the semiconductor foundry market.
The most recent analyst rating on (UMC) stock is a Buy with a $8.50 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.