UMC jumps on Q1 results and high-single-digit Q2 shipment growth outlook
United Microelectronics jumped after releasing Q1 2026 results showing revenue of NT$61.04 billion (US$1.93 billion) and net income of NT$16.17 billion (US$511 million). Management also guided Q2 wafer shipments to grow by a high single-digit percentage and said 22nm traction is strengthening, with 22nm at 14% of Q1 revenue.
1. What’s moving the stock
United Microelectronics (UMC) shares are higher today after the company published its first-quarter 2026 earnings release and outlook. The report highlighted steady profitability with a 29.2% gross margin and a sizable increase in net income versus the prior quarter, alongside an upbeat Q2 view for wafer shipment growth.
2. Key numbers investors are reacting to
For Q1 2026, UMC reported revenue of NT$61.04 billion (US$1.93 billion), gross margin of 29.2%, operating margin of 18.5%, and capacity utilization of 79%. Net income attributable to shareholders totaled NT$16.17 billion (US$511 million), and earnings per ADS were reported at US$0.204.
3. Outlook and product-mix catalysts
Management said it expects Q2 wafer shipments to grow by a high single-digit percentage, citing strength across both 8-inch and 12-inch portfolios. UMC also emphasized that 22nm business momentum continues, with 22nm revenue reaching a record high and representing 14% of Q1 revenue—an increasingly important mix driver as customers tape out products such as display driver ICs, networking chips, and microcontrollers.