Full-year 22nm revenue increases 93% YoY, reaching record high in Q4 2025
2025 earnings per share of NT$3.34
Fourth Quarter 2025 Overview(1) :
-- Revenue: NT$61.81 billion (US$1.97 billion)
-- Gross margin: 30.7%; Operating margin: 19.8%
-- Revenue from 22/28nm: 36%
-- Capacity utilization rate: 78%
-- Net income attributable to shareholders of the parent: NT$10.06 billion
(US$320 million)
-- Earnings per share: NT$0.81; earnings per ADS: US$0.129
TAIPEI, Taiwan--(BUSINESS WIRE)--January 28, 2026--
United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) ("UMC" or "The Company"), a leading global semiconductor foundry, today announced its consolidated operating results for the fourth quarter of 2025.
Fourth quarter consolidated revenue was NT$61.81 billion, increasing 4.5% from NT$59.13 billion in 3Q25. Compared to a year ago, 4Q25 revenue increased 2.4%. Consolidated gross margin for 4Q25 was 30.7%. Net income attributable to the shareholders of the parent was NT$10.06 billion, with earnings per ordinary share of NT$0.81.
Jason Wang, co-president of UMC, said, "In the fourth quarter, our results were in line with guidance, with flattish wafer shipments amid mild demand across most markets. The 4.5% revenue increase during the quarter was supported by favorable foreign exchange movement as well as sequential growth in our 22/28nm business, which continues to improve our product mix. Within the 22/28nm segment, 22nm revenue increased 31% quarter-on-quarter to a record high, accounting for more than 13% of total fourth-quarter revenue. Looking at the full year, UMC delivered solid performance in 2025, with shipments increasing 12.3% and revenue in US dollars up 5.3% year-on-year."
"Going into the first quarter of 2026, we expect wafer demand to remain firm. UMC is confident that 2026 will be another growth year as tape-outs on our 22nm platforms accelerate and other new solutions continue to gain business traction."
Co-president Wang added, "We have been working hard to lay the foundation for our next phase of growth, investing for the future in both capacity and technology. In 2025, we completed the new Phase 3 facility at our Singapore Fab 12i, which is already playing a central role in supporting customers to diversify supply chains. At the same time, we are striving to expand our footprint in the U.S. through innovative yet cost-effective modes of partnerships, such as our 12nm collaboration with Intel and the recently announced MOU with Polar Semiconductor. The leadership UMC has built over the past few years across specialty technologies - including embedded High Voltage, Non-Volatile Memory, and BCD - has and will continue to sustain stable business growth. Looking ahead to 2026 and beyond, we expect advanced packaging and silicon photonics to serve as new growth catalysts, positioning UMC to address the evolving needs of high-performance applications across AI, networking, consumer, automotive and more."
Co-president Wang said, "During 2025, UMC also reached important milestones in our sustainability journey. Just last month, we officially inaugurated our Circular Economy and Recycling Innovation Center, an on-site waste recycling facility expected to reduce UMC's total waste generated by Taiwan fabs by up to one-third. This is an important initiative in our goal to enhance resource recovery and develop circular economy solutions in our industry. In addition, UMC continues to be recognized as a leader in international corporate sustainability benchmarks, including the CDP and MSCI ESG Ratings."
Summary of Operating Results
Operating Results
-------------------------------------------------------------------
QoQ % YoY %
(Amount: NT$ million) 4Q25 3Q25 change 4Q24 change
---------------------- ------ ------ ------ ------ -------
Operating Revenues 61,810 59,127 4.5 60,386 2.4
Gross Profit 18,958 17,623 7.6 18,343 3.4
Operating Expenses (7,384) (6,973) 5.9 (6,748) 9.4
Net Other Operating
Income and Expenses 651 467 39.3 362 79.8
Operating Income 12,225 11,118 10.0 11,957 2.2
Net Non-Operating
Income and Expenses 3,278 3,526 (7.0) (1,443) -
Net Income Attributable
to Shareholders of the
Parent 10,055 14,982 (32.9) 8,497 18.3
EPS (NT$ per share) 0.81 1.20 0.68
EPS (US$ per ADS) 0.129 0.197 0.104
Exchange rate (USD/NTD) 31.40 30.47 32.78
----------------------- ------ ------ ------ ------ -------
Note: Sums may not equal totals due to rounding.
Fourth quarter operating revenues grew 4.5% sequentially to NT$61.81 billion. Revenue contribution from 40nm and below technologies represented 53% of wafer revenue. Gross profit increased 7.6% QoQ to NT$18.96 billion, or 30.7% of revenue. Operating expenses increased 5.9% to NT$7.38 billion. Net other operating income increased 39.3% to NT$0.65 billion. Net non-operating income totaled NT$3.28 billion. Net income attributable to shareholders of the parent amounted to NT$10.06 billion.
Earnings per ordinary share for the quarter was NT$0.81. Earnings per ADS was US$0.129. The basic weighted average number of shares outstanding in 4Q25 was 12,487,002,150, compared with 12,485,162,809 shares in 3Q25 and 12,481,192,676 shares in 4Q24. The diluted weighted average number of shares outstanding was 12,594,788,681 in 4Q25, compared with 12,556,345,829 shares in 3Q25 and 12,610,756,874 shares in 4Q24. The fully diluted shares counted on December 31, 2025 were approximately 12,598,993,000.
Detailed Financials Section
Operating revenues increased to NT$61.81 billion. COGS increased 3.2% QoQ to NT$42.85 billion. Gross profit increased 7.6% to NT$18.96 billion. Operating expenses grew 5.9% QoQ to NT$7.38 billion, as G&A increased 8.1% to NT$1.85 billion and R&D increased 6.6% to NT$4.94 billion, while Sales & Marketing decreased 5.3% to NT$0.60 billion. Net other operating income was NT$0.65 billion. In 4Q25, operating income increased 10.0% QoQ to NT$12.23 billion.
COGS & Expenses
--------------------------------------------------------------------------------
QoQ % YoY %
(Amount: NT$ million) 4Q25 3Q25 change 4Q24 change
---------------------- ------- ------- ------ ------- --------
Operating Revenues 61,810 59,127 4.5 60,386 2.4
COGS (42,851) (41,504) 3.2 (42,043) 1.9
Depreciation (12,991) (12,635) 2.8 (11,841) 9.7
Other Mfg. Costs (29,860) (28,869) 3.4 (30,202) (1.1)
Gross Profit 18,958 17,623 7.6 18,343 3.4
Gross Margin (%) 30.7% 29.8% 30.4%
Operating Expenses (7,384) (6,973) 5.9 (6,748) 9.4
Sales & Marketing (595) (628) (5.3) (623) (4.6)
G&A (1,853) (1,715) 8.1 (1,791) 3.5
R&D (4,937) (4,631) 6.6 (4,334) 13.9
Expected Credit
Impairment Gain 0 0 0.0 0 (99.5)
Net Other Operating
Income & Expenses 651 467 39.3 362 79.8
Operating Income 12,225 11,118 10.0 11,957 2.2
----------------------- ------- ------- ----- ------- -----
Note: Sums may not equal totals due to rounding.
Net non-operating income in 4Q25 was NT$3.28 billion, primarily reflecting the NT$2.81 billion in net investment gain and the NT$0.33 billion in exchange gain.
Non-Operating Income and Expenses -------------------------------------------------------------- (Amount: NT$ million) 4Q25 3Q25 4Q24 ----------------------------------- ----- ----- ------ Non-Operating Income and Expenses 3,278 3,526 (1,443) Net Interest Income and Expenses 134 88 290 Net Investment Gain and Loss 2,812 3,192 (2,614) Exchange Gain and Loss 332 250 877 Other Gain and Loss 0 (3) 4 ------------------------------------ ----- ----- ------ Note: Sums may not equal totals due to rounding.
In 4Q25, cash inflow from operating activities was NT$33.00 billion. Cash outflow from investing activities totaled NT$17.06 billion, including NT$15.62 billion in capital expenditures, resulting in free cash flow of NT$17.38 billion. Cash outflow from financing activities was NT$11.42 billion, primarily due to NT$20.89 billion in bank loans, partially offset by NT$9.80 billion in bonds issued. Net cash inflow in 4Q25 amounted to NT$6.44 billion. Over the next 12 months, the company expects to repay NT$12.48 billion in bank loans.
Cash Flow Summary
--------------------------------------------------------------------------
For the 3-Month Period For the 3-Month Period
(Amount: NT$ million) Ended Dec. 31, 2025 Ended Sep. 30, 2025
---------------------- ----------------------- ------------------------
Cash Flow from
Operating Activities 33,003 20,938
Net income before tax 15,503 14,644
Depreciation &
Amortization 15,630 14,995
Share of profit of
associates and joint
ventures (929) (1,250)
Income tax paid (301) (3,341)
Changes in working
capital & others 3,100 (4,110)
Cash Flow from
Investing Activities (17,059) (16,152) Increase in financial assets measured at amortized cost (3,074) (4,043) Acquisition of PP&E (14,826) (11,223) Acquisition of intangible assets (667) (948) Others 1,508 62 Cash Flow from Financing Activities (11,416) (15,160) Bank loans (20,885) 15,874 Bonds issued 9,800 5,000 Cash dividends - (35,788) Others (331) (246) Effect of Exchange Rate 1,915 2,597 Net Cash Flow 6,443 (7,777) Beginning balance 104,217 111,994 Ending balance 110,660 104,217 ----------------------- ------------------ --- ------------------- --- Note: Sums may not equal totals due to rounding.
Cash and cash equivalents increased to NT$110.66 billion. Days sales outstanding decreased 3 days to 47 days, while days of inventory increased 1 day to 77 days.
Current Assets --------------------------------------------------- (Amount: NT$ billion) 4Q25 3Q25 4Q24 -------------------------- ------ ------ ------ Cash and Cash Equivalents 110.66 104.22 105.00 Accounts Receivable 31.27 32.25 33.34 Days Sales Outstanding 47 50 51 Inventories, net 37.23 35.18 35.78 Days of Inventory 77 76 80 Total Current Assets 204.78 192.85 189.68 --------------------------- ------ ------ ------
Current liabilities increased to NT$88.90 billion. Long-term credit / bonds decreased to NT$45.37 billion. Total liabilities increased to NT$199.14 billion, while debt to equity ratio decreased to 52%.
Liabilities ----------------------------------------------------------------- (Amount: NT$ billion) 4Q25 3Q25 4Q24 ---------------------------- ------ ------ ------ Total Current Liabilities 88.90 82.28 75.26 Accounts Payable 9.17 8.04 7.63 Short-Term Credit / Bonds 27.60 30.15 19.51 Payables on Equipment 11.68 11.57 10.52 Other 40.45 32.52 37.60 Long-Term Credit / Bonds 45.37 53.76 55.53 Total Liabilities 199.14 194.20 192.02 Debt to Equity 52% 54% 51% ----------------------------- ------ ------ ------
Analysis of Revenue(2)
Revenue from Asia Pacific increased to 64%, while business from North America decreased to 21% of sales. Business from Europe increased to 11%, while contribution from Japan was 4%.
Revenue Breakdown by Region
-----------------------------------------------------------------
Region 4Q25 3Q25 2Q25 1Q25 4Q24
-------------- ---- ---- ---- ---- ----
North America 21% 25% 20% 22% 25%
--------------- ---- ---- ---- ---- ----
Asia Pacific 64% 63% 67% 66% 61%
--------------- ---- ---- ---- ---- ----
Europe 11% 8% 8% 7% 11%
--------------- ---- ---- ---- ---- ----
Japan 4% 4% 5% 5% 3%
--------------- ---- ---- ---- ---- ----
Revenue contribution from 22/28nm was increased to 36% of wafer revenue, while 40nm contribution remained at 17% of sales.
Revenue Breakdown by Geometry
--------------------------------------------------------------------
Geometry 4Q25 3Q25 2Q25 1Q25 4Q24
----------------- ---- ---- ---- ---- ----
14nm and below 0% 0% 0% 0% 0%
------------------ ---- ---- ---- ---- ----
14nm<x<=28nm 36% 35% 40% 37% 34%
------------------ ---- ---- ---- ---- ----
28nm<x<=40nm 17% 17% 15% 16% 16%
------------------ ---- ---- ---- ---- ----
40nm<x<=65nm 17% 18% 17% 16% 16%
------------------ ---- ---- ---- ---- ----
65nm<x<=90nm 8% 8% 7% 8% 11%
------------------ ---- ---- ---- ---- ----
90nm<x<=0.13um 7% 8% 7% 7% 10%
------------------ ---- ---- ---- ---- ----
0.13um<x<=0.18um 10% 9% 9% 10% 9%
------------------ ---- ---- ---- ---- ----
0.18um<x<=0.35um 4% 4% 4% 5% 4%
------------------ ---- ---- ---- ---- ----
0.5um and above 1% 1% 1% 1% 0%
------------------ ---- ---- ---- ---- ----
Revenue from fabless customers accounted for 80% of revenue.
Revenue Breakdown by Customer Type
-----------------------------------------------------------------
Customer Type 4Q25 3Q25 2Q25 1Q25 4Q24
-------------- ---- ---- ---- ---- ----
Fabless 80% 81% 81% 82% 84%
--------------- ---- ---- ---- ---- ----
IDM 20% 19% 19% 18% 16%
--------------- ---- ---- ---- ---- ----
Revenue from the communication segment accounted for 42%, while business from computer applications was 12% of sales. Business from consumer applications accounted for 28%, while other segments was 18% of revenue.
Revenue Breakdown by Application (1)
-----------------------------------------------------------------
Application 4Q25 3Q25 2Q25 1Q25 4Q24
-------------- ---- ---- ---- ---- ----
Computer 12% 12% 11% 11% 13%
--------------- ---- ---- ---- ---- ----
Communication 42% 42% 41% 40% 39%
--------------- ---- ---- ---- ---- ----
Consumer 28% 29% 33% 34% 29%
--------------- ---- ---- ---- ---- ----
Others 18% 17% 15% 15% 19%
--------------- ---- ---- ---- ---- ----
(1) Computer consists of ICs such as CPU, GPU, HDD controllers, DVD/CD-RW
control ICs, PC chipset, audio codec, keyboard controller, monitor scaler,
USB, I/O chipset, WLAN. Communication consists of handset components,
broadband, bluetooth, Ethernet, LAN, DSP, etc. Consumer consists of ICs used
for DVD players, DTV, STB, MP3/MP4, flash controller, game consoles, DSC,
smart cards, toys, etc.
Blended ASP Trend
(To view blended ASP trend, please click here for 4Q25 ASP)
Shipment and Utilization Rate(3)
Wafer shipments decreased 0.6% QoQ to 994K during the fourth quarter, while quarterly capacity was 1,305K. Overall utilization rate in 4Q25 was 78%.
Wafer Shipments
-----------------------------------------------------
4Q25 3Q25 2Q25 1Q25 4Q24
--------------------- ---- ----- ---- ---- ----
Wafer Shipments
(12" K equivalents) 994 1,000 967 910 909
---------------------- ---- ----- ---- ---- ----
Quarterly Capacity Utilization Rate
---------------------------------------------------------
4Q25 3Q25 2Q25 1Q25 4Q24
--------------------- ----- ----- ----- ----- -----
Utilization Rate 78% 78% 76% 69% 70%
---------------------- ----- ----- ----- ----- -----
Total Capacity
(12" K equivalents) 1,305 1,305 1,290 1,264 1,280
---------------------- ----- ----- ----- ----- -----
Capacity(4)
Total capacity in the fourth quarter was 1,305K 12-inch equivalent wafers. Capacity will decrease to 1,283K 12-inch equivalent wafers in the first quarter of 2026, reflecting the annual production maintenance across 8-inch and 12-inch facilities.
Annual Capacity in Quarterly Capacity in
thousands of wafers thousands of wafers
----------------------------------------------------------------------- ------------------------------------------
Geometry
FAB (um) 2025 2024 2023 2022 FAB 1Q26E 4Q25 3Q25 2Q25
-------- --------- ----- ----- ----- ----- -------- ----- ----- ----- -----
WTK 6" 5 -- 0.15 317 331 328 335 WTK 6" 78 80 80 80
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
8A 8" 3 -- 0.11 857 829 811 765 8A 8" 212 215 215 215
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.35 --
8C 8" 0.11 500 477 473 459 8C 8" 123 125 125 125
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.18 --
8D 8" 0.11 471 473 440 410 8D 8" 116 118 118 118
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.6 --
8E 8" 0.11 522 524 490 469 8E 8" 129 131 131 131
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.18 --
8F 8" 0.11 583 578 570 550 8F 8" 144 146 146 146
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.18 --
8S 8" 0.11 466 455 447 443 8S 8" 115 117 117 117
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.5 --
8N 8" 0.11 996 1,013 996 952 8N 8" 246 250 250 250
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.13 --
12A 12" 0.014 1,629 1,556 1,305 1,170 12A 12" 402 409 409 409
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.13 --
12i 12" 0.040 684 678 655 655 12i 12" 169 172 172 172
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.080 --
12X 12" 0.022 347 318 317 314 12X 12" 93 95 95 80
--- --- --------- ----- ----- ----- ----- --- --- ----- ----- ----- -----
0.13 --
12M 12" 0.040 471 455 438 436 12M 12" 117 119 119 119
=== === ========= ===== ===== ===== ===== === === ===== ===== ===== =====
Total(1) 5,163 5,022 4,674 4,458 Total 1,283 1,305 1,305 1,290
=================== ===== ===== ===== ===== -------- ----- ----- ----- -----
YoY Growth Rate 3% 7% 5% 6%
------------------- ----- ----- ----- -----
(1) One 6-inch wafer is converted into 0.25 (6(2) /12(2) ) 12-inch equivalent wafer; one 8-inch wafer is converted into 0.44 (8(2) /12(2) ) 12-inch equivalent wafers. Total capacity figures are expressed in 12-inch equivalent wafers.
CAPEX
CAPEX spending in 4Q25 totaled US$501 million as 2025 CAPEX amounted to US$1.6 billion. 2026 cash-based CAPEX budget will be US$1.5 billion.
Capital Expenditure by Year - in US$ billion ------------------------------------------------------- Year 2025 2024 2023 2022 2021 --------- -------- ------- ------- ------- ------- CAPEX $ 1.6 $ 2.9 $ 3.0 $ 2.7 $ 1.8 --------- -------- ------- ------- ------- ------- 2026 CAPEX Plan ------------------------ 8" 12" Total --- --- -------------- 10% 90% US$1.5 billion --- --- --------------
Brief Summary of Full Year 2025 Consolidated Results
-- Consolidated revenue in NTD increased 2.3% YoY to NT$237.55 billion,
from NT$232.30 billion in 2024.
-- Gross profit decreased 8.9%, compared to a year ago, representing 29.0%
of 2025 revenue.
-- Operating income decreased 14.8% year-on-year, accounting for 18.5% of
2025 revenue.
-- Net income attributable to shareholders of the parent decreased 11.6%
to NT$41.72 billion in 2025.
-- EPS was NT$3.34, or EPADS of US$0.532 for 2025.
-- 22/28nm revenue contribution accounted for 37% in 2025.
Operating Results
--------------------------------------------------------------------
YoY %
(Amount: NT$ million) 2025 2024 change
------------------------------------ ------- ------- ---------
Operating Revenues 237,553 232,303 2.3
Gross Profit 68,906 75,654 (8.9)
Operating Expenses (26,948) (25,365) 6.2
Net Other Operating Income and
Expenses 1,990 1,324 50.3
Operating Income 43,949 51,613 (14.8)
Net Non-Operating Income and Expenses 5,699 4,607 23.7
Income Tax Expense (8,113) (9,114) (11.0)
Net Income Attributable to
Shareholders of the Parent 41,716 47,211 (11.6)
EPS (NT$ per share) 3.34 3.80
EPS (US$ per ADS) 0.532 0.580
Exchange rate (USD/NTD) 31.40 32.78
------------------------------------- ------- ------- ---------
Annual Sales Breakdown in Revenue for Foundry Segment
Region 2025 2024 ----------------- ---- ---- North America 22% 25% ------------------ ---- ---- Asia Pacific 65% 63% ------------------ ---- ---- Europe 9% 8% ------------------ ---- ---- Japan 4% 4% ------------------ ---- ---- Technology 2025 2024 ----------------- ---- ---- 14nm and below 0% 0% ------------------ ---- ---- 14nm<x<=28nm 37% 34% ------------------ ---- ---- 28nm<x<=40nm 16% 14% ------------------ ---- ---- 40nm<x<=65nm 17% 16% ------------------ ---- ---- 65nm<x<=90nm 8% 11% ------------------ ---- ---- 90nm<x<=0.13um 7% 10% ------------------ ---- ---- 0.13um<x<=0.18um 10% 10% ------------------ ---- ---- 0.18um<x<=0.35um 4% 4% ------------------ ---- ---- 0.5um and above 1% 1% ------------------ ---- ---- Customer Type 2025 2024 ----------------- ---- ---- Fabless 81% 84% ------------------ ---- ---- IDM 19% 16% ------------------ ---- ---- Application 2025 2024 ----------------- ---- ---- Computer 12% 14% ------------------ ---- ---- Communication 41% 42% ------------------ ---- ---- Consumer 31% 28% ------------------ ---- ---- Others 16% 16% ------------------ ---- ----
First Quarter 2026 Outlook & Guidance
Quarter-over-Quarter Guidance:
-- Wafer Shipments: Will remain flat -- ASP in USD: Will remain firm -- Gross Profit Margin: Will be approximately in the high-20% range -- Capacity Utilization: mid-70% range -- 2026 CAPEX: US$1.5 billion
Recent Developments / Announcements
Nov. 13, 2025 Metalenz and UMC Bring Breakthrough Face Authentication
Solution Polar ID to Mass Production
Dec. 03, 2025 UMC Honors 16 Suppliers for Outstanding Carbon Reduction
Achievements
Dec. 04, 2025 UMC and Polar Collaborate to Meet Growing Demand for U.S.
Onshore Semiconductor Manufacturing
Dec. 08, 2025 UMC Licenses imec's iSiPP300 Technology to Extend Silicon
Photonics Capabilities for Next-Generation Connectivity
Dec. 10, 2025 UMC Inaugurates the Circular Economy & Recycling Innovation
Center
Dec. 15, 2025 UMC Awarded Top Climate and Water Ratings by CDP for 4th
Consecutive Year
Jan. 14, 2026 UMC Awarded AA Score in MSCI ESG Ratings for the Third
Consecutive Year
Jan. 16, 2026 SST and UMC Announce Immediate Availability of 28nm
SuperFlash$(R)$ Gen 4 Automotive Grade 1 Platform
Please visit UMC's website for further details regarding the above announcements
Conference Call / Webcast Announcement
Wednesday, January 28, 2026
Time: 5:00 PM (Taipei) / 4:00 AM (New York) / 09:00 AM (London)
Dial-in numbers and Access Codes: Taiwan Number: 02 3396 1191 Taiwan Toll Free: 0080 119 6666 US Toll Free: +1 866 212 5567 Other Areas: +886 2 3396 1191 Access Code: 1513528#
A live webcast and replay of the 4Q25 results announcement will be available at www.umc.com under the "Investors / Events" section.
About UMC
UMC (NYSE: UMC, TWSE: 2303) is a leading global semiconductor foundry company. The company provides high-quality IC fabrication services, focusing on logic and various specialty technologies to serve all major sectors of the electronics industry. UMC's comprehensive IC processing technologies and manufacturing solutions include Logic/Mixed-Signal, embedded High-Voltage, embedded Non-Volatile-Memory, RFSOI, BCD etc. Most of UMC's 12-in and 8-in fabs with its core R&D are in Taiwan, with additional ones throughout Asia. UMC has a total of 12 fabs in production with a combined capacity of more than 400,000 wafers per month (12-in equivalent), and all of them are certified with IATF 16949 automotive quality standards. UMC is headquartered in Hsinchu, Taiwan, plus local offices in the United States, Europe, China, Japan, Korea, and Singapore, with a worldwide total of 20,000 employees. For more information, please visit: http://www.umc.com.
Safe Harbor Statements
This press release contains forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and as defined in the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements regarding anticipated financial results for the fourth quarter of 2025; the expected wafer shipment and ASP; the anticipated annual budget; capex strategies; environmental protection goals and water management strategies; impact of foreign currency exchange rates; expected foundry capacities; the ability to obtain new business opportunities; and information under the heading "First Quarter 2026 Outlook and Guidance."
These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual performance, financial condition or results of operations of UMC to be materially different from what is stated or may be implied in such forward-looking statements. Investors are cautioned that actual events and results could differ materially from those statements as a result of a number of factors including, but not limited to: (i) dependence upon the frequent introduction of new services and technologies based on the latest developments in the industry in which UMC operates; (ii) the intensely competitive semiconductor, communications, consumer electronics and computer industries and markets; (iii) the risks associated with international business activities; (iv) dependence upon key personnel; (v) general economic and political conditions; (vi) possible disruptions in commercial activities caused by natural and human-induced events and disasters, including natural disasters, terrorist activity, armed conflict and highly contagious diseases; (vii) reduced end-user purchases relative to expectations and orders; and (viii) fluctuations in foreign currency exchange rates. Further information regarding these and other risk factors is included in UMC's filings with the United States Securities and Exchange Commission, including its Annual Report on Form 20-F. All information provided in this release is as of the date of this release and are based on assumptions that UMC believes to be reasonable as of this date, and UMC does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
The financial statements included in this release are prepared and published in accordance with Taiwan International Financial Reporting Standards, or TIFRSs, recognized by the Financial Supervisory Commission in the ROC, which is different from International Financial Reporting Standards, or IFRSs, issued by the International Accounting Standards Board. Investors are cautioned that there may be significant differences between TIFRSs and IFRSs. In addition, TIFRSs and IFRSs differ in certain significant respects from generally accepted accounting principles in the ROC and generally accepted accounting principles in the United States.
- FINANCIAL TABLES TO FOLLOW -
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Balance Sheet
As of December 31, 2025
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
December 31, 2025
--------------------------
US$ NT$ %
------- --------- ------
Assets
Current assets
Cash and cash equivalents 3,524 110,660 19.1%
Accounts receivable, net 996 31,274 5.4%
Inventories, net 1,186 37,228 6.4%
Other current assets 816 25,621 4.4%
------- --------- ------
Total current assets 6,522 204,783 35.4%
------- --------- ------
Non-current assets
Funds and investments 2,400 75,373 13.0%
Property, plant and equipment 8,643 271,395 46.9%
Right-of-use assets 238 7,476 1.3%
Other non-current assets 636 19,969 3.5%
------- --------- ------
Total non-current assets 11,918 374,213 64.6%
------- --------- ------
Total assets 18,439 578,996 100.0%
======= ========= ======
Liabilities
Current liabilities
Short-term loans 268 8,409 1.5%
Payables 1,557 48,880 8.4%
Current portion of long-term liabilities 611 19,188 3.3%
Other current liabilities 396 12,420 2.2%
------- --------- ------
Total current liabilities 2,831 88,896 15.4%
------- --------- ------
Non-current liabilities
Bonds payable 1,085 34,071 5.9%
Long-term loans 360 11,301 2.0%
Lease liabilities, noncurrent 171 5,376 0.9%
Other non-current liabilities 1,895 59,496 10.3%
------- --------- ------
Total non-current liabilities 3,511 110,244 19.0%
------- --------- ------
Total liabilities 6,342 199,141 34.4%
------- --------- ------
Equity
Equity attributable to the parent company
Capital 4,009 125,882 21.7%
Additional paid-in capital 491 15,410 2.7%
Retained earnings and other components of
equity 7,595 238,477 41.2%
------- --------- ------
Total equity attributable to the parent
company 12,095 379,768 65.6%
Non-controlling interests 3 87 0.0%
------- --------- ------
Total equity 12,097 379,855 65.6%
------- --------- ------
Total liabilities and equity 18,439 578,996 100.0%
======= ========= ======
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the
December 31, 2025 exchange rate of NT $31.40 per U.S. Dollar.
(2) Sums may not equal totals due to rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
Year over Year Comparison Quarter over Quarter Comparison
------------------------------------------------ -------------------------------------------------
Three-Month Period Ended Three-Month Period Ended
December 31, September 30,
December 31, 2025 2024 Chg. December 31, 2025 2025 Chg.
----------------------- ------------ --------- ----------------------- ------------- ---------
US$ NT$ NT$ % US$ NT$ NT$ %
---------- ----------- ------------ --------- ---------- ----------- ------------- ---------
Operating revenues 1,968 61,810 60,386 2.4% 1,968 61,810 59,127 4.5%
Operating costs (1,365) (42,851) (42,043) 1.9% (1,365) (42,851) (41,504) 3.2%
------ ------- ------- ----- ------ ------- ------- --- -----
Gross profit 604 18,958 18,343 3.4% 604 18,958 17,623 7.6%
------ ------- ------- --- ----- ------ ------- ------- ---- -----
30.7% 30.7% 30.4% 30.7% 30.7% 29.8%
Operating
expenses
- Sales and
marketing
expenses (19) (595) (623) (4.6%) (19) (595) (628) (5.3%)
- General and
administrative
expenses (59) (1,853) (1,791) 3.5% (59) (1,853) (1,715) 8.1%
- Research and
development
expenses (157) (4,937) (4,334) 13.9% (157) (4,937) (4,631) 6.6%
- Expected
credit
impairment
gain 0 0 0 (99.5%) 0 0 0 0.0%
------ ------- ------- --- ----- ------ ------- ------- ---- -----
Subtotal (235) (7,384) (6,748) 9.4% (235) (7,384) (6,973) 5.9%
------ ------- ------- ----- ------ ------- ------- --- -----
Net other
operating income
and expenses 21 651 362 79.8% 21 651 467 39.3%
------ ------- ------- --- ----- ------ ------- ------- ---- -----
Operating income 389 12,225 11,957 2.2% 389 12,225 11,118 10.0%
19.8% 19.8% 19.8% 19.8% 19.8% 18.8%
Net non-operating
income and
expenses 104 3,278 (1,443) - 104 3,278 3,526 (7.0%)
------ ------- ------- ----- ------ ------- ------- ---- -----
Income from
continuing
operations before
income tax 494 15,503 10,514 47.4% 494 15,503 14,644 5.9%
25.1% 25.1% 17.4% 25.1% 25.1% 24.8%
Income tax benefit
(expense) (175) (5,504) (2,054) 167.9% (175) (5,504) 300 -
------ ------- ------- ----- ------ ------- ------- ---- -----
Net income 318 9,999 8,460 18.2% 318 9,999 14,944 (33.1%)
16.2% 16.2% 14.0% 16.2% 16.2% 25.3%
Other
comprehensive
income (loss) 278 8,721 1,270 586.4% 278 8,721 9,005 (3.2%)
------ ------- ------- --- ----- ------ ------- ------- ---- -----
Total
comprehensive
income (loss) 596 18,720 9,730 92.4% 596 18,720 23,949 (21.8%)
====== ======= ======= === ===== ====== ======= ======= ==== =====
Net income
attributable
to:
Shareholders of
the parent 320 10,055 8,497 18.3% 320 10,055 14,982 (32.9%)
Non-controlling
interests (2) (56) (37) 50.7% (2) (56) (38) 46.9%
Comprehensive
income (loss)
attributable
to:
Shareholders of
the parent 598 18,776 9,767 92.2% 598 18,776 23,987 (21.7%)
Non-controlling
interests (2) (56) (37) 50.5% (2) (56) (38) 47.0%
Earnings per
share-basic 0.026 0.81 0.68 0.026 0.81 1.20
------ ------- ------- --- ------ ------- ------- ----
Earnings per ADS
(2) 0.129 4.05 3.40 0.129 4.05 6.00
------ ------- ------- --- ------ ------- ------- ----
Weighted average
number of shares
outstanding (in
millions) 12,487 12,481 12,487 12,485
------- ------- --- ------- ------- ----
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the December 31, 2025 exchange rate of NT $31.40 per
U.S. Dollar.
(2) 1 ADS equals 5 common shares.
(3) Sums may not equal totals due to rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statements of Comprehensive Income
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
Except Per Share and Per ADS Data
For the Three-Month Period For the Twelve-Month Period
Ended Ended
December 31, 2025 December 31, 2025
------------------------------- --------------------------------
US$ NT$ % US$ NT$ %
---------- -------- --------- ---------- --------- ---------
Operating revenues 1,968 61,810 100.0% 7,565 237,553 100.0%
Operating costs (1,365) (42,851) (69.3%) (5,371) (168,647) (71.0%)
------ ------- ----- ------ -------- -----
Gross profit 604 18,958 30.7% 2,194 68,906 29.0%
------ ------- ----- ------ -------- -----
Operating
expenses
- Sales and
marketing
expenses (19) (595) (1.0%) (77) (2,433) (1.0%)
- General and
administrative
expenses (59) (1,853) (3.0%) (216) (6,792) (2.9%)
- Research and
development
expenses (157) (4,937) (8.0%) (564) (17,725) (7.5%)
- Expected
credit
impairment
gain 0 0 0.0% 0 2 0.0%
------ ------- ----- ------ -------- -----
Subtotal (235) (7,384) (11.9%) (858) (26,948) (11.3%)
------ ------- ----- ------ -------- -----
Net other
operating income
and expenses 21 651 1.1% 63 1,990 0.8%
------ ------- ----- ------ -------- -----
Operating income 389 12,225 19.8% 1,400 43,949 18.5%
Net non-operating
income and
expenses 104 3,278 5.3% 181 5,699 2.4%
------ ------- ----- ------ -------- -----
Income from
continuing
operations before
income tax 494 15,503 25.1% 1,581 49,648 20.9%
Income tax expense (175) (5,504) (8.9%) (258) (8,113) (3.4%)
------ ------- ----- ------ -------- -----
Net income 318 9,999 16.2% 1,323 41,535 17.5%
Other
comprehensive
income (loss) 278 8,721 14.1% (155) (4,860) (2.0%)
------ ------- ----- ------ -------- -----
Total
comprehensive
income (loss) 596 18,720 30.3% 1,168 36,675 15.4%
====== ======= ===== ====== ======== =====
Net income
attributable
to:
Shareholders of
the parent 320 10,055 16.3% 1,329 41,716 17.6%
Non-controlling
interests (2) (56) (0.1%) (6) (182) (0.1%)
Comprehensive
income (loss)
attributable
to:
Shareholders of
the parent 598 18,776 30.4% 1,174 36,857 15.5%
Non-controlling
interests (2) (56) (0.1%) (6) (182) (0.1%)
Earnings per
share-basic 0.026 0.81 0.106 3.34
------ ------- ------ --------
Earnings per ADS
(2) 0.129 4.05 0.532 16.70
------ ------- ------ --------
Weighted average
number of shares
outstanding (in
millions) 12,487 12,485
------- --------
Notes:
(1) New Taiwan Dollars have been translated into U.S. Dollars at the December 31,
2025 exchange rate of NT $31.40 per U.S. Dollar.
(2) 1 ADS equals 5 common shares.
(3) Sums may not equal totals due to rounding.
UNITED MICROELECTRONICS CORPORATION AND SUBSIDIARIES
Consolidated Condensed Statement of Cash Flows
For the Twelve-Month Period Ended December 31, 2025
Figures in Millions of New Taiwan Dollars (NT$) and U.S. Dollars (US$)
US$ NT$
------- ----------
Cash flows from operating activities :
Net income before tax 1,581 49,648
Depreciation & Amortization 1,887 59,259
Share of profit of associates and joint ventures (77) (2,418)
Income tax paid (203) (6,361)
Changes in working capital & others (8) (264)
------ -------
Net cash provided by operating activities 3,180 99,864
Cash flows from investing activities :
Increase in financial assets measured at
amortized cost (263) (8,263)
Acquisition of property, plant and equipment (1,521) (47,745)
Acquisition of intangible assets (95) (2,989)
Others 186 5,842
------ -------
Net cash used in investing activities (1,693) (53,154)
Cash flows from financing activities :
Decrease in short-term loans (3) (107)
Proceeds from bonds issued 637 20,000
Proceeds from long-term loans 801 25,142
Repayments of long-term loans (1,491) (46,831)
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