UMC Reports 26% Revenue Growth in Q3 Driven by Record Wafer Shipments
United Microelectronics Corporation (UMC) reported a significant increase in third-quarter revenue, rising 26% year-over-year. This growth was primarily driven by record-high wafer shipments during the period. Despite the top-line strength, the company's earnings per ADS of $0.206 fell short of the analyst consensus estimate of $0.23. The company reported quarterly revenue of $2.32 billion, which aligned with market expectations. Looking ahead to the fourth quarter, UMC anticipates steady wafer shipments and capacity utilization levels, with a continued focus on its specialty-process revenue streams.
Tickers: $UMC
Topics: earnings miss guidance revenue growth semiconductors