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United Microelectronics Corporation

UMC

Technology Semiconductors

United Microelectronics Corporation’s revenue for fiscal 2025 (year ended December 2025) was $7.6 billion, up 6.89% from fiscal 2024.

Revenue
+17.7%
EPS
+2.90%
Free cash flow
+74.5%
Total debt
−13.7%

Quarter to September 2026, against a year earlier

15.78 0.30 −1.87%
Market cap
$40.3B
P/E
14.9×
Fwd P/E
15.4×
Dividend yield
2.57%
F-score
5/9
ROIC
9.34%
Net debt / EBITDA
−0.7×
Dividend safety
35/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Net sold
$526.4M
Trades
4 sells · 0 buys
Ownership
0.00%

Capital & Financial Ratios $m

Size
Market Cap 40,330
Revenue ttm 8,361
Net income ttm 2,951
Free cash flow ttm 2,109
Net debt Q (2,733)
Valuation
P/E 14.9
Forward P/E 15.4
Price / sales 4.8
Forward P/S Powerpack
Price / FCF 18.9
Price / book 2.7
Financial health
Current ratio Q 3.3 (at or above 1.5: strong)
Debt / equity Q 0.1 (at or below 0.5: strong)
Interest coverage Q 44.8
Growth
Revenue growth Q +17.7% (above 0%: growing)
Operating income growth Q +57.1% (above 0%: growing)
EPS, this year +113.5% (at or above 15%: strong)
EPS, next year A −1.4% (below 0%: weak)
Revenue, next year A +814.6% (at or above 10%: strong)
EPS, past 5 yrs +11.8%
EPS, next 5 yrs A +38.1% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.5×, against a ten-year median of 1.8×; over the ten years it ranged from 0.7× in 2020 to 8.1× in 2026.
P/E against its own 10 years 41.12%
10-year low 10-year high
P/S against its own 10 years 93.04%
10-year low 10-year high
P/B against its own 10 years 86.89%
10-year low 10-year high
EV/Sales against its own 10 years 93.04%
10-year low 10-year high
EV/FCF against its own 10 years 69.36%
10-year low 10-year high

Dividends

Yield
2.57%
Annual rate
0.41
Payout ratio
38.4%
Growth, 2018–26
+17.1%/yr
  1. 0.12 ’18
  2. 0.09 ’19 −19
  3. 0.14 ’20 +46
  4. 0.29 ’21 +110
  5. 0.49 ’22 +71
  6. 0.58 ’23 +18
  7. 0.46 ’24 −21
  8. 0.48 ’25 +6
  9. 0.41 ’26 −15
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 4,732 3,514 4,092 4,744
Receivables 1,059 1,070 1,077 1,391
Inventory 1,166 1,091 1,187 1,201
Other 123 109 172 40
7,080 5,785 6,528 7,478
2023 2024 2025 Q'26
Payables 246 233 292 314
ST’ Debt 442 260 268 87
Other 846 625 946 738
3,328 2,360 2,854 2,284

Compound Annual Growth %

10y 5y 3y
Sales 5.54% 3.76% (5.84%)
Cash Flow 5.69% 6.34% (12.47%)
Earnings 12.28% 9.58% (23.83%)
Book Value 5.46% 7.98% 3.55%

Earnings Trends EPS, adjusted, against the consensus

Sep 2026 Estimate 0.23 Actual 0.21

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Dec 2025 0.12 0.13 Beat by 0.01
Mar 2026 0.12 0.20 Beat by 0.08
Jun 2026 0.16 0.54 Beat by 0.38
Sep 2026 0.23 0.21 Miss by 0.02
Dec 2026 0.19 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.20 0.54 0.20 — —
’25 0.09 0.12 0.20 0.13 0.53
’24 0.13 0.17 0.18 0.10 0.58
’23 0.22 0.20 0.20 0.17 0.80
’22 0.28 0.29 0.35 0.25 1.16
’21 0.15 0.18 0.26 0.18 0.75
’20 0.03 0.09 0.13 0.08 0.30
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1,929 2,179 2,324 — —
’25 1,759 1,910 1,975 1,929 7,573
’24 1,737 1,755 1,875 1,717 7,085
’23 1,783 1,835 1,803 1,845 7,268
’22 2,264 2,450 2,480 1,875 9,069
’21 1,677 1,822 2,007 2,173 7,679
’20 1,403 1,487 1,530 1,877 6,297
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 695 1,070 917 — —
’25 724 768 741 950 3,183
’24 662 684 542 975 2,863
’23 887 440 562 919 2,809
’22 1,075 1,142 1,234 1,295 4,747
’21 651 831 798 976 3,257
’20 489 554 651 648 2,341
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 278 771 550 — —
’25 285 459 315 511 1,570
’24 (269) 73 (150) 427 81
’23 (109) (357) 57 158 (251)
’22 678 772 488 132 2,071
’21 368 496 160 439 1,464
’20 354 395 448 196 1,393
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 4,564 5,037 4,941 4,955 6,297 7,679 9,069 7,268 7,085 7,573 8,361 +5.8% — — — —
Gross margin, % 20.54 18.12 15.10 14.38 22.05 33.82 45.12 34.94 32.57 29.01 31.69 +8.5 pt
EBT 146 259 69 161 803 2,109 3,567 2,235 1,740 1,533 3,011 +29.9%
EBT margin, % 3.19 5.14 1.40 3.24 12.75 27.46 39.33 30.76 24.56 20.24 36.01 +17.0 pt
Net income 146 259 69 161 803 2,109 3,567 2,235 1,740 1,533 2,951 +29.9%
Per share, $
Per share, $ Revenue 1.89 2.10 2.08 2.14 2.66 3.20 3.75 2.99 2.91 3.10 3.35 +5.7%
Earnings 0.10 0.13 0.09 0.14 0.34 0.83 1.16 0.80 0.58 0.53 1.08 +20.4%
Cash flow 0.59 0.74 0.70 0.79 0.99 1.36 1.96 1.16 1.18 1.30 1.46 +9.1%
Capex (1.19) (0.64) (0.28) (0.27) (0.40) (0.75) (1.11) (1.26) (1.14) (0.66) (0.61) (6.3%)
Free cash flow (0.59) 0.10 0.42 0.52 0.59 0.61 0.86 (0.10) 0.03 0.64 0.85 n/m
Book value 2.74 2.95 2.81 2.93 3.35 3.97 4.34 4.62 4.58 4.77 5.91 +6.3%
Shares, m 2,420 2,399 2,378 2,313 2,370 2,401 2,419 2,428 2,435 2,445 2,483 +0.1%
Valuation, ×
Valuation, × P/E 17.80 17.43 21.64 20.62 25.09 15.08 5.65 10.48 11.19 14.56 14.90 16.0
P/S 0.94 1.22 0.86 1.25 3.17 3.66 1.76 2.77 2.23 2.54 4.78 2.0
P/B 0.65 0.84 0.64 0.91 2.51 2.95 1.52 1.79 1.42 1.65 2.71 1.5
EV/Sales 1.10 1.25 0.84 1.01 2.84 3.19 1.27 2.38 2.01 2.22 4.45 1.8
EV/FCF (3.49) (428.10) 4.11 4.14 12.82 16.72 5.54 (68.77) 176.20 10.72 17.65 (27.0)
Cash, $m
Cash, $m Operating cash flow 1,434 1,770 1,664 1,836 2,341 3,257 4,747 2,809 2,863 3,183 3,632 +9.3%
Capex (2,872) (1,532) (661) (632) (948) (1,793) (2,675) (3,060) (2,782) (1,613) (1,524) (6.2%)
Free cash flow (1,438) 239 1,003 1,203 1,393 1,464 2,071 (251) 81 1,570 2,109 n/m
Balance, $m
Balance, $m Working capital 1,163 1,703 2,979 2,704 3,021 4,507 4,548 3,752 3,424 3,674 5,194 +13.6%
Net debt 709 (122) (131) (1,214) (2,117) (3,616) (4,514) (2,812) (1,561) (2,378) (2,733) n/m
Shareholders’ equity 6,634 7,072 6,677 6,784 7,947 9,530 10,505 11,225 11,153 11,664 14,739 +6.5%
Returns, %
Returns, % ROA 2.41 2.61 2.00 2.26 6.44 12.61 17.47 11.16 8.52 7.32 13.23 +4.9 pt
ROIC 1.63 1.99 1.77 1.83 8.37 19.69 35.41 14.05 10.26 9.43 9.34 +7.8 pt
ROE 3.94 4.76 3.65 4.05 11.05 21.14 29.07 17.94 13.30 11.28 19.59 +7.3 pt
People
People Employees 19,539 20,076 19,929 19,577 19,386 19,741 20,680 19,833 19,016 19,097 — (0.3%)
Revenue/emp, $m 0.23 0.25 0.25 0.25 0.32 0.39 0.44 0.37 0.37 0.40 — +6.1%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026

United Microelectronics Corporation vs peers in Semiconductors (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
MPWR Monolithic Power Systems, Inc. $72.1B 81.1× 54.9× +63.11% (above 0%: growing) +48.55% (above 0%: growing) +1,311.55% (above 0%: growing) 55.35% 29.75% Compare
NXPI NXP Semiconductors N.V. $67.9B 21.1× 17.0× +19.32% (above 0%: growing) +40.40% (above 0%: growing) +140.74% (above 0%: growing) 57.82% 32.44% Compare
STM STMicroelectronics N.V. $41.5B 78.5× 38.0× +17.89% (above 0%: growing) +22.22% (above 0%: growing) +211.65% (above 0%: growing) 37.29% 9.77% Compare
ALAB Astera Labs, Inc. $40.4B 85.9× 55.2× +153.67% (above 0%: growing) +94.56% (above 0%: growing) +103.24% (above 0%: growing) 72.28% 30.61% Compare
UMC United Microelectronics Corporation $40.3B 14.9× 15.4× +17.66% (above 0%: growing) +2.90% (above 0%: growing) +74.50% (above 0%: growing) 33.95% 25.11%
MCHP Microchip Technology Incorporated $33.8B 45.0× 27.1× +42.19% (above 0%: growing) +2,361.33% (above 0%: growing) +667.64% (above 0%: growing) 65.86% 28.65% Compare
ON ON Semiconductor Corporation $28.7B 41.8× 28.6× +11.05% (above 0%: growing) +28.19% (above 0%: growing) +33.45% (above 0%: growing) 41.40% 21.96% Compare
CRDO Credo Technology Group Holding Ltd. $26.6B 47.9× 27.3× +114.73% (above 0%: growing) +89.19% (above 0%: growing) +61.55% (above 0%: growing) 64.53% 25.20% Compare
GFS GlobalFoundries Inc. $23.5B 119× 34.7× +12.50% (above 0%: growing) n/m −89.09% (below 0%: shrinking) 30.07% 12.11% Compare
Median of peers $37.1B 63.2× 31.7× +30.76% +48.55% +121.99% 56.59% 26.93%

All 68 Semiconductors stocks →

United Microelectronics Corporation (UMC) Latest News

11 Nov

Impact 3 · · The Motley Fool

29 Oct

Impact 4 · · Zacks

28 Oct

Impact 4 · · Business Wire

27 Oct

Impact 3 · · Zacks

22 Oct

Impact 4 · · PR Newswire

18 Oct

Impact 4 · · Simply Wall St.

8 Oct

Impact 3 · · Barchart

6 Oct

Impact 3 · · Business Wire

5 Oct

Impact 4 · · Stocktwits
Impact 3 · · TIKR

21 Sep

Impact 3 · · Zacks

17 Sep

Impact 3 ·

9 Sep

Impact 4 · · Barchart

7 Aug

Impact 4 · · Barchart

30 Jul

Impact 4 ·
Impact 3 ·

29 Jul

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 ·
Impact 3 · · MarketBeat transcript

27 Jul

Impact 3 ·

15 Jul

Impact 4 · · Barchart

13 Jul

Impact 4 ·

7 Jul

Impact 4 ·
Impact 4 ·

25 Jun

Impact 4 · · Barchart
Impact 3 · · Zacks

22 Jun

Impact 3 · · Insider Monkey

28 May

Impact 3 · · Zacks

UMC metrics, ten years each

stockrow.com/UMC · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com