On July 30, United Microelectronics rose 5.06% in regular trading, trading at $18.58/share, with turnover of $96.83 million.
On the news front, the company reported Q2 EPS of $0.54, beating the consensus estimate of $0.15 by 260%, while revenue of $2.176 billion also exceeded the $2.060 billion estimate. Wafer shipments grew 10.6% sequentially with capacity utilization rising to 85%, driven by strong communications and consumer demand. Additionally, Yuanta Securities upgraded United Microelectronics from Hold to Buy with a price target of NT$125.
The board simultaneously approved approximately $50 billion in capital expenditure budget for 2026-2027, including cleanroom expansion at its Singapore P4 facility and construction of a new fab at its Tainan Science Park in Taiwan, targeting AI, edge computing, and silicon photonics opportunities. The company also announced plans to issue up to NT$10 billion in convertible bonds to support its expansion strategy.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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