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Stock impact report

UMC Reports First Quarter 2024 Results

United Microelectronics Corporation (NEW) (UMC) 
US:NYSE Investor Relations: umc.com/english/investors/index.asp
Company Research Source: Business Wire
1Q24 results in line with guidance with wafer shipments up 4.5% QoQFirst Quarter 2024 Overview1:Revenue: NT$54.63 billion (US$1.71 billion)Gross margin: 30.9%; Operating margin: 21.4%Revenue from 22/28nm: 33%Capacity utilization rate: 65%Net income attributable to shareholders of the parent: NT$10.46 billion (US$327 million)Earnings per share: NT$0.84; earnings per ADS: US$0.131 TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC” or “The Company”), a leading global semiconductor foundry, today announced its consolidated operating results for the first quarter of 2024.First quarter consolidated revenue was NT$54.63 billion, declining 0.6% QoQ from NT$54.96 billion in 4Q23. Compared to a year ago, 1Q24 revenue increased 0.8% YoY from NT$54.21 billion in 1Q23. Consolidated gross margin for 1Q24 was 30.9%. Net income attributable to the shareholders of the parent was NT$10.46 billion, with earnings per ordinary share of NT$0.84.Jason Wang Show less Read more
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