UMC Reports Q1 2026 Net Income and EPS More Than Double Year-Over-Year
UMC sits 90% above its 52-week low of $6.56.
Summary
United Microelectronics Corporation reported significantly improved Q1 2026 financial results, with net income and earnings per share more than doubling year-over-year, driven by revenue growth and a substantial reduction in income tax expense.
Key Events · Earnings and Guidance · UMC
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Strong Q1 2026 Financial Performance
Operating revenues increased by 5.5% to NT$61.04 billion, while net income surged by 108.1% to NT$16.12 billion compared to Q1 2025.
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Earnings Per Share More Than Doubled
Basic earnings per share (EPS) rose by 108.1% to NT$1.29 in Q1 2026, up from NT$0.62 in Q1 2025.
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Significant Income Tax Reduction
Income tax expense decreased by 67.1% to NT$526.85 million, partly due to the recognition of higher deferred tax assets from a renewed tax agreement with Singapore.
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Increased Capital Expenditure
Net cash used in investing activities significantly increased to NT$21.35 billion, primarily for the acquisition of financial assets and property, plant, and equipment.
Analysis · UMC · Manufacturing
United Microelectronics Corporation delivered a robust first quarter for 2026, with key financial metrics showing significant year-over-year growth. Net income and basic earnings per share more than doubled, supported by a healthy increase in operating revenues. A substantial reduction in income tax expense, partly due to the recognition of higher deferred tax assets related to a renewed tax agreement with Singapore, significantly boosted profitability. While this tax benefit is transitional, the strong operational performance is notable. The company also significantly increased its capital expenditures, indicating continued investment in growth and capacity. These strong results come as the stock is trading near its 52-week high, potentially reinforcing positive investor sentiment.
At the time of this filing, UMC was trading at $12.45 on NYSE in the Manufacturing sector, with a market capitalization of approximately $29.9B. The 52-week trading range was $6.56 to $12.82. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.