UMC Q1 2026 Earnings Release and Corporate Actions

United Microelectronics Corporation (UMC) filed a Form 6-K on April 29, 2026, reporting its first quarter 2026 financial results and announcing several corporate actions approved by the board of directors. For Q1 2026, UMC reported revenue of NT$61.04 billion (US$1.93 billion), with net income attributable to shareholders of NT$16.17 billion and earnings per share of NT$1.29. Gross margin was 29.2% and operating margin was 18.5%. The company's 22nm technology accounted for 14% of Q1 revenue, with capacity utilization at 79%. The board approved several significant actions: a NT$4.68 billion capital budget for capacity deployment, cancellation of 1,539,749 restricted shares (0.0122% of capital) due to unfulfilled vesting conditions, and a new share repurchase program authorizing the repurchase of up to 50 million shares (0.40% of outstanding shares) at prices between NT$52.50 and NT$109.50 per share from April 30 to June 29, 2026, for employee transfer purposes. For Q2 2026, UMC expects wafer shipments to increase by high single digits, ASP to increase by low single digits, and gross margin around 30%.