UMC Q2 Net Income Soars to NT$42.2B, Driven by Associate Gains and Revenue Growth
UMC has more than doubled off its 52-week low of $6.56.
Summary
UMC reported Q2 2026 net income of NT$42.2 billion, a nearly fivefold increase from the prior year, driven by surging contributions from associates and joint ventures and solid revenue growth.
Key Events · Earnings and Guidance · UMC
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Net Income Surges to NT$42.2B
Q2 2026 net income reached NT$42.2 billion, up from NT$8.8 billion in Q2 2025, driven by a NT$23.6 billion share of profit from associates and joint ventures.
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Revenue Grows 17% YoY
Quarterly revenue rose to NT$68.7 billion from NT$58.8 billion, with wafer sales contributing NT$66.4 billion.
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Associate Income Drives Earnings
Share of profit from associates and joint ventures jumped to NT$23.6 billion from NT$446 million, primarily from HSUN CHIEH and YANN YUAN investments.
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Treasury Stock Repurchase
UMC repurchased 30.6 million shares for NT$3.1 billion during H1 2026 under its buyback program.
Analysis · UMC · Manufacturing
A dramatic earnings inflection defined UMC's second quarter, as net income surged to NT$42.2 billion from NT$8.8 billion a year ago. The leap was propelled by a massive NT$23.6 billion share of profit from associates and joint ventures — up from just NT$446 million in Q2 2025. Revenue grew 17% year-over-year to NT$68.7 billion, while gross margin expanded to 32.5% from 28.7%. The bottom line also benefited from a NT$6.1 billion gain on financial assets at fair value. Though the associate income is largely non-cash and tied to equity-accounted investments, the company also repurchased NT$3.1 billion in treasury shares during the half, signaling confidence in its valuation.
At the time of this filing, UMC was trading at $17.19 on NYSE in the Manufacturing sector, with a market capitalization of approximately $44.1B. The 52-week trading range was $6.56 to $28.96. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.