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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 | 110.66B | 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 | $30.43B | 21.23 | 11.43% | 6.06% | 5.87% | -20.93% | |
76 Outperform | $15.53B | 78.07 | 7.19% | ― | 8.03% | -6.03% | |
73 Outperform | $26.13B | 81.17 | 3.87% | ― | -16.13% | -81.06% | |
69 Neutral | $43.74B | 39.00 | 11.16% | 2.29% | 8.01% | 10.41% | |
64 Neutral | $26.53B | 53.32 | 3.00% | 1.28% | -17.33% | -76.71% | |
63 Neutral | $25.44B | -533.09 | -0.38% | ― | 0.25% | -106.22% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
United Micro Corporate Events
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 $8.50 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On December 17, 2025, UMC announced two significant developments during its board meeting aimed at enhancing its operations and strategic positioning. First, the company approved a capital budget execution worth NT$ 30,096 million to expand its production capacity leveraging its working capital. Second, UMC disclosed its participation in the capital increase of Unimicron Technology Corp., subscribing up to 6,034,482 shares worth NTD 700,000,000, reflecting a strategic investment aligned with the company’s vision. These initiatives signify targeted growth investments and underline UMC’s commitment to both operational expansion and strengthening strategic partnerships.
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.
On December 5, 2025, United Microelectronics Corporation announced the record date for a capital increase related to the issuance of 32,878,000 restricted stock awards for employees, following approvals from the 2024 Annual Shareholders’ Meeting and the Financial Supervisory Commission. Additionally, the company reported trading activities and changes in share pledges by its directors, executive officers, and significant shareholders for November 2025, reflecting minor adjustments in shareholdings.
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.
On December 4, 2025, UMC announced a Memorandum of Understanding (MOU) with Polar Semiconductor to explore collaboration on U.S.-based 8-inch wafer production. This partnership aims to enhance supply chain resilience and meet the growing demand for domestic semiconductor manufacturing, particularly in the U.S. The collaboration is expected to strengthen UMC’s market position by supporting multi-sourcing strategies and addressing customer needs for made-in-USA chips. Additionally, UMC reported a 5.91% increase in net sales for November 2025 compared to the previous year, reflecting continued growth in its operations.
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.
On November 24, 2025, United Microelectronics Corporation addressed a report by Commercial Times, which highlighted the booming specialty technology process at UMC, expected to maintain its momentum into the following year. Additionally, UMC announced a supplement to its fourth unsecured straight corporate bond issuance for 2025, with a total issuance amount of NT$4,800 million. The bonds, issued at a fixed rate, are intended to aid in debt repayment, reflecting UMC’s strategic financial management aimed at strengthening its market position.
The most recent analyst rating on (UMC) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On November 18, 2025, United Microelectronics Corporation announced its participation in the ‘2025 Taiwan Corporate Day’ investor conference, organized by Citi, scheduled for November 24, 2025, at the Mandarin Oriental Taipei. This engagement is part of UMC’s ongoing efforts to maintain transparency and communication with institutional investors, potentially impacting its market positioning and stakeholder relations positively.
The most recent analyst rating on (UMC) stock is a Hold with a $7.50 price target. To see the full list of analyst forecasts on United Micro stock, see the UMC Stock Forecast page.
On November 12, 2025, United Microelectronics Corporation announced a capital reduction following the cancellation of the RSA, with the change registered on November 10, 2025. This adjustment slightly decreased the company’s paid-in capital and shares outstanding, while maintaining the book value per share. Additionally, the company reported on the trading and pledging activities of its directors, executive officers, and significant shareholders for October 2025, indicating a focus on transparency and governance.
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.
On November 6, 2025, United Microelectronics Corporation reported its financial performance for October 2025, highlighting a slight decline in net sales by 0.36% compared to the same period in 2024. Despite this, the year-to-date sales showed a positive growth of 1.94%. The company also announced the release of its endorsement to USC(Xiamen)’s syndicated loan due to early prepayment, indicating a strategic financial maneuver. Additionally, financial derivatives transactions were detailed, showing minimal activity with a small realized profit.
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.