UMC Earnings Prediction
The chart below shows how UMC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UMC sees a +2.39% change in stock price 10 days leading up to the earnings, and a +2.59% change 10 days following the report. On the earnings day itself, the stock moves by +0.55%. This data can give you a slight idea of what to expect for the next quarter's release.
UMC Key Earning Data
2024/Q4
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Gross Margin
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Operating Margin
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Net Margin
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EPS
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No Data Available
UMC Earnings Analysis
United Microelectronics Corp Corporation (UMC.N) Earnings Conference Call
Positive
Strong Financial Performance: Third quarter 2024 consolidated revenue reached NT$50.5 billion, with a net income attributable to stockholders of NT$14.5 billion, reflecting a strong financial performance.
Cumulative Revenue Growth: Cumulative revenue for the first three quarters of 2024 grew 2.6% to NT$171.9 billion, with net income for the same period reaching NT$38.64 billion, demonstrating consistent growth.
Wafer Shipment Growth: Wafer shipments increased by 7.8% sequentially in Q3 2024, driven by strong demand for 22 and 28 nanometer products, indicating robust operational performance.
Specialty Technology Revenue Surge: Revenue from specialty technology solutions accounted for a record high of 53.1% of total sales in Q3 2024, showcasing UMC's successful focus on advanced technology.
Strong Cash Dividend Payout: The company's cash dividend payout remains strong at NT$103.4 billion at the end of Q3 2024, reflecting a commitment to returning value to shareholders.
Negative
Gross Margin Decline: Gross margin decreased from 35.2% in Q2 to 33.8% in Q3 2024, indicating a decline in profitability.
Net Income Analysis: Net income for Q3 2024 was NT$14.44 billion, a slight increase from NT$13.77 billion in Q2, but overall net income for the first three quarters of 2024 was NT$38.64 billion, reflecting only a 2.6% growth year-over-year.
Capacity Utilization Decline: Capacity utilization rate fell to 71% in Q3 2024 from 74% in Q2, suggesting underutilization of resources and potential inefficiencies.
Gross Margin Decline Forecast: Guidance for Q4 2024 indicates gross margin will drop to approximately 30%, down from 33.8% in Q3, primarily due to lower capacity utilization and increased depreciation costs.
Flat ASP Outlook: The ASP (Average Selling Price) is expected to remain flat in Q4 2024, indicating a lack of pricing power in a competitive market environment.
