Taiwan-based United Microelectronics Corp (NYSE:UMC), a prominent global semiconductor foundry, reported fiscal first-quarter results on Wednesday.
For the quarter, the company reported revenue of $1.93 billion (61.04 billion New Taiwanese dollars), up 5.5% year-on-year.
The figure marginally missed the analyst consensus estimate of $1.97 billion. On a sequential basis, revenue declined by 1.2%.
Earnings per American Depositary Share (ADS) came in at 20.4 cents, also topping the analyst consensus of 12 cents.
Advanced Node Contribution and Margins
The company reported solid progress in its advanced process nodes, with 22nm and 28nm technologies contributing 34% of wafer revenue, down from 37% year-over-year and 36% in the prior quarter.
Revenue from 40nm technology rose to 18% from 16% a year earlier, and 17% in the fourth quarter of 2025.
Capacity utilization also strengthened, improving to 79% from 69% a year ago and 78% in the previous quarter.
The gross margin rose to 29.2% from 26.7% in the same period last year. The operating margin for the quarter was 18.50%, up from 16.90% in the prior year quarter.
Capital expenditures for the quarter totaled …