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Mar 31
UMC Q1 2025 Earnings Report
UMC reported a quarterly net income of $234 million and revenue of $1.74 billion for Q1 2025.
Key Takeaways
UMC delivered stable Q1 2025 results, driven by strong 22nm demand. Despite a decline in gross margin and net income quarter-over-quarter, the company maintained solid operational efficiency and inaugurated a new fab in Singapore to expand future 22nm capacity.
22nm revenue jumped 46% QoQ, now making up 37% of total sales.
Net income was $234 million despite a 4.2% drop in revenue compared to Q4 2024.
Cash flow from operations was robust at $718.3 million, with $279.2 million in free cash flow.
UMC inaugurated a new 22nm-capable fab in Singapore to support future growth and supply chain resilience.
UMC
UMC
UMC Revenue by Segment
UMC Revenue by Geographic Location
Revenue by Segment
Communication Revenue
CapyFin.comConsumer Revenue
CapyFin.comComputer Revenue
CapyFin.comOthers Revenue
CapyFin.comRevenue by Geographic Location
Asia Pacific Revenue
CapyFin.comNorth America Revenue
CapyFin.comEurope Revenue
CapyFin.comJapan Revenue
CapyFin.com Forward Guidance
UMC expects a moderate rebound in wafer demand in Q2 2025 with improvements in utilization and stable ASPs, while remaining cautious about long-term demand volatility.
Positive Outlook
- Wafer shipments projected to grow 5-7%
- Gross margin expected to improve to ~30%
- Capacity utilization to rise to mid-70% range
- Continued strong demand for 22nm products
- New Singapore fab provides additional capacity
Challenges Ahead
- Macroeconomic uncertainty and tariff impact
- Cautious wafer demand outlook for H2 2025
- Blended ASPs to remain flat
- Cost pressures from technology investments
- Slower-than-expected recovery in some segments
Revenue & Expenses
Visualization of income flow from segment revenue to net income