UMC Q3 Earnings Miss Estimates Despite Higher Wafer Shipments

What happened: United Microelectronics Corporation $UMC reported third-quarter 2026 results where both earnings and revenues missed the Zacks Consensus Estimate, despite higher wafer shipments and record utilization. Key numbers: Earnings 21 cents per ADS, up from 20 cents a year ago, missing the estimate by 8.7%. Why it matters: Management expects demand momentum into 2027 with blended average selling prices up about 10% year over year, and approved roughly $3.2 billion in additional capital expenditure for Singapore and Tainan expansion. $UMC carries a Zacks Rank #3 (Hold). Market: +2.4% today ($429.33), +57.8% YTD, 0.2x vol — as of 15:33 UTC

United Microelectronics Corporation $UMC reported third-quarter 2026 results where both earnings and revenues missed the Zacks Consensus Estimate, despite higher wafer shipments and record utilization.

Management expects demand momentum into 2027 with blended average selling prices up about 10% year over year, and approved roughly $3.2 billion in additional capital expenditure for Singapore and Tainan expansion. $UMC carries a Zacks Rank #3 (Hold). Market: +2.4% today ($429.33), +57.8% YTD, 0.2x vol — as of 15:33 UTC