Analyst Consensus ?
ConsensusHold15 ratings
Bullish426.7%
Neutral853.3%
Bearish320.0%
United Microelectronics Corporation · UMC · FY2025 Q3 · Calendar Q4 2025
UMC Keeps Guidance Steady as Specialty Nodes Drive the Outlook
UMC's differentiated specialty-node portfolio and improved utilization support a constructive operating case, but flat shipment guidance and exposure to FX, costs and trade uncertainty temper the outlook. The quarter's reported EPS exceeded consensus while revenue was slightly below it.
Reported Before market openNYSETechnology
$41.61B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.20
Consensus $0.12
EPS surprise
+66.7%
Reported versus consensus
Reported revenue
$1.93B
Consensus $1.95B
Revenue surprise
-1.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.1%
Event window
SPY move
+0.0%
Same window
Abnormal move
-3.2%
Stock minus SPY
Volume
1.6×
Versus trailing sessions
Subsequent drift
-0.8%
Up to 20 sessions
UMCSPY benchmark
Ask FN2 about UMC FY2025 Q3
Transcript, numbers and history already loaded
Why did UMC fall 3.1% after beating EPS estimates in FY2025 Q3?What changed in UMC's guidance and outlook in FY2025 Q3?Give me the bull and bear case for UMC after FY2025 Q3 earnings.
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Transcript intelligence
What changed
Management highlighted the 55nm BCD platform for automotive and industrial applications and described 22nm as a core growth engine. Compared with the prior-quarter analysis, the current call also provided a more specific 12nm IP3 ramp plan and kept the near-term outlook unchanged.
Guidance delta
Management maintained its Q4 2025 outlook: flat wafer shipments, firm ASPs and a $1.8 billion capex budget, with investment focused on 12-inch capacity. The analysis also describes planned 12nm IP3 production ramping from January 2026 and scaling in the second half of 2026.
Key takeaways
- Capacity utilization improved and wafer shipments rose sequentially, according to the call analysis.
- Management identified 22nm as a core growth engine and introduced a 55nm BCD platform aimed at automotive and industrial demand.
- EPS beat consensus, while revenue came in modestly below consensus; the shares underperformed the benchmark during the event reaction window.
Management priorities
- Develop and ramp differentiated 22nm and 55nm BCD offerings.
- Expand capacity in Singapore and the United States while keeping the stated capex budget stable.
- Advance 2.5D interposer and wafer-to-wafer stacking technologies, and continue collaboration with Intel on 12nm.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$16.68Current
$7.4Low
$9.03Average
$10.2High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 2, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Citigroup | Sell | Buy | Downgrade | Jan 21, 2025 |
| JP Morgan | Neutral | Overweight | Downgrade | Oct 30, 2024 |
| Morgan Stanley | Equal Weight | Overweight | Downgrade | Oct 28, 2024 |
| Goldman Sachs | Neutral | Buy | Downgrade | Oct 17, 2024 |
| Bernstein | Underperform | Market Perform | Downgrade | Jun 8, 2021 |
| China Renaissance | Buy | Hold | Upgrade | Feb 5, 2020 |
| Citi | Neutral | Sell | Upgrade | Nov 25, 2019 |
| HSBC | Hold | Buy | Downgrade | Jan 24, 2019 |
| UBS | Neutral | Buy | Downgrade | Nov 7, 2018 |
| HBSC | Hold | Buy | Downgrade | Oct 25, 2018 |
| Credit Suisse | Underperform | Neutral | Downgrade | Jul 27, 2017 |
| Bank of America | Buy | Underperform | Upgrade | Dec 8, 2014 |
| B of A Securities | Buy | Underperform | Upgrade | Dec 8, 2014 |
| Deutsche Bank | Buy | Hold | Upgrade | Oct 29, 2014 |
| Barclays | Equal Weight | Underweight | Upgrade | Apr 16, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $16.68. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| BNP Paribas | Analyst unavailable | $10.2 | $22.22 | -38.8% | May 28, 2026 |
| BNP Paribas | Alex Chang | $8.6 | $11.39 | -48.4% | Jan 28, 2026 |
| Goldman Sachs | Bruce Lu | $7.4 | $8.04 | -55.6% | Oct 17, 2024 |
| HSBC | Frank Lee | $9.93 | $8.27 | -40.5% | Jan 25, 2024 |
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Start freeCompany context
Snapshot as of publicationUnited Microelectronics Corporation (UMC) operates as a specialized semiconductor wafer foundry, extending its services globally with operations across Taiwan, Singapore, China, Hong Kong, Japan, the United States, and Europe. The company offers a comprehensive range of solutions, from initial circuit blueprinting and mask generation to wafer manufacturing, final assembly, and rigorous testing. UMC's customer base consists of both integrated device manufacturers and companies focused solely on chip design. This corporation, founded in 1980, has its primary headquarters situated in Hsinchu City, Taiwan.
Historical context
All UMC earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| INTC Intel Corp. | FY2026 Q3 · Calendar Q4 2026 | +27.9% | -28.6% | Intel: AI Server Demand Offsets PC Weakness, CapEx Rises |
| GDDY GoDaddy Inc. | FY2026 Q3 · Calendar Q4 2026 | +9.5% | +10.7% | GoDaddy: Airo accelerates while guidance is maintained |
| MPWR Monolithic Power Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.1% | +1.1% | MPWR tops $1 billion in revenue as data-center demand accelerates |
| TWLO Twilio Inc. | FY2026 Q3 · Calendar Q4 2026 | +12.2% | -15.2% | Twilio raises growth outlook as AI and software adoption expand |
| SNDK Sandisk Corporation | FY2027 Q1 · Calendar Q4 2026 | +6.1% | -13.5% | SNDK: AI-driven NAND demand remains strong, but execution risks persist |
| RBLX Roblox Corporation | FY2026 Q3 · Calendar Q4 2026 | +26.2% | -18.1% | Roblox pairs strong engagement with lower Q4 bookings guidance |
Latest beats and misses
Who reports nextBeat on EPS
- CHDFY2026 Q3 · October 30, 2026+2.2% EPS+1.2% move
- AZNFY2026 Q3 · October 30, 2026+7.3% EPS+7.0% move
- FRTFY2026 Q3 · October 30, 2026+3.9% EPS-1.1% move
- CVXFY2026 Q3 · October 30, 2026+8.4% EPS+1.8% move
- BTSGFY2026 Q3 · October 30, 2026+14.2% EPS+11.1% move
- EXCFY2026 Q3 · October 30, 2026+10.4% EPS+0.5% move
Missed on EPS
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- DLR-PLFY2026 Q3 · October 29, 2026-8.4% EPS— move
- DLR-PKFY2026 Q3 · October 29, 2026-8.4% EPS— move
Get the UMC recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-02T01:50:46.163745+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-02T01:50:46.161019+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-02. For educational purposes only; not investment advice.