- United Microelectronics Corp (NYSE:UMC) reported fourth-quarter FY21 revenue growth of 30.5% year-on-year to $2.14 billion, beating the consensus of $2.08 billion.
- "In the fourth quarter, strong demand continued to drive full loading across our fabs, while overall wafer shipments grew 1.7% QoQ to 2.55 million 8-inch equivalents," Co-President Jason Wang said.
- Margin: The gross margin expanded 1,520 basis points to 39.1%.
- Earnings per ADS of $0.235 beat the consensus of $0.210.
- The company generated $3.3 billion in operating cash flow during the twelve months ended December 31.
- It held $4.8 billion in cash and equivalents.
- Outlook: "Looking ahead into Q1 2022, we anticipate that demand across all nodes in UMC's addressable markets will continue to outpace supply," Wang said.
- Price Action: UMC shares traded lower by 0.55% at $10.85 in the premarket session on the last check Tuesday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
United Microelectronics Tops Q4 Consensus; Sees Market Demand To Exceed Supply
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks