United Microelectronics 2303.TW · TWD
Information Technology · Semiconductors & Semiconductor Equipment · Taiwan Stock Exchange · 🇹🇼 Taiwan
92.00
-6.50%
Close of 6 Nov 2026, in TWD
At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 237.55bn
FY2016FY2025
Net income
TWD 41.72bn
FY2016FY2025
Free cash flow
TWD 52.12bn
FY2016FY2025
Shareholders' equity
TWD 379.77bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 237.55bn | TWD 232.30bn | TWD 222.53bn | TWD 278.71bn | TWD 213.01bn | TWD 176.82bn | TWD 148.20bn | TWD 151.25bn | TWD 149.28bn | TWD 147.87bn |
| Gross profit | TWD 68.91bn | TWD 75.65bn | TWD 77.74bn | TWD 125.76bn | TWD 72.05bn | TWD 39.00bn | TWD 21.31bn | TWD 22.84bn | TWD 27.06bn | TWD 30.38bn |
| Research and development | TWD 17.73bn | TWD 15.62bn | TWD 13.28bn | TWD 12.95bn | TWD 12.93bn | TWD 12.90bn | TWD 11.86bn | TWD 13.03bn | TWD 13.67bn | TWD 13.53bn |
| Operating income | TWD 41.96bn | TWD 51.61bn | TWD 57.89bn | TWD 104.29bn | TWD 53.07bn | TWD 23.33bn | TWD 4.88bn | TWD 5.68bn | TWD 10.02bn | TWD 6.19bn |
| Net income | TWD 41.72bn | TWD 47.21bn | TWD 60.99bn | TWD 89.48bn | TWD 51.25bn | TWD 22.86bn | TWD 8.16bn | TWD 7.68bn | TWD 9.63bn | TWD 8.62bn |
| Diluted earnings per share | 3.32 | 3.79 | 4.87 | 6.96 | 4.20 | 1.89 | 0.70 | 0.64 | 0.79 | 0.71 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 579.00bn | TWD 560.17bn | TWD 559.19bn | TWD 524.65bn | TWD 450.96bn | TWD 377.52bn | TWD 370.19bn | TWD 364.60bn | TWD 394.10bn | TWD 386.66bn |
| Cash and short-term investments | TWD 128.37bn | TWD 115.24bn | TWD 144.88bn | TWD 178.60bn | TWD 170.90bn | TWD 109.57bn | TWD 98.57bn | TWD 84.19bn | TWD 82.39bn | TWD 58.29bn |
| Total liabilities | TWD 193.66bn | TWD 194.46bn | TWD 197.78bn | TWD 201.83bn | TWD 186.58bn | TWD 141.74bn | TWD 162.97bn | TWD 158.07bn | TWD 180.06bn | TWD 167.91bn |
| Debt | TWD 78.97bn | TWD 81.46bn | TWD 80.17bn | TWD 53.20bn | TWD 84.15bn | TWD 68.39bn | TWD 90.73bn | TWD 85.31bn | TWD 106.13bn | TWD 91.78bn |
| Shareholders' equity | TWD 379.77bn | TWD 365.45bn | TWD 359.24bn | TWD 322.47bn | TWD 264.15bn | TWD 235.66bn | TWD 202.50bn | TWD 206.07bn | TWD 208.66bn | TWD 212.78bn |
| Shares outstanding | 12,579m | 12,462m | 12,530m | 12,853m | 12,206m | 12,108m | 11,708m | 12,054m | 12,208m | 12,208m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 99.86bn | TWD 93.87bn | TWD 86.00bn | TWD 145.86bn | TWD 90.35bn | TWD 65.75bn | TWD 54.90bn | TWD 50.93bn | TWD 52.47bn | TWD 46.45bn |
| Capital spending | −TWD 47.74bn | −TWD 91.34bn | −TWD 94.02bn | −TWD 82.88bn | −TWD 49.96bn | −TWD 28.35bn | −TWD 18.96bn | −TWD 20.43bn | −TWD 45.52bn | −TWD 93.11bn |
| Free cash flow | TWD 52.12bn | TWD 2.53bn | −TWD 8.02bn | TWD 62.98bn | TWD 40.39bn | TWD 37.39bn | TWD 35.94bn | TWD 30.51bn | TWD 6.95bn | −TWD 46.66bn |
| Dividends paid | −TWD 35.78bn | −TWD 37.59bn | −TWD 45.01bn | −TWD 37.45bn | −TWD 19.87bn | −TWD 9.77bn | −TWD 6.91bn | −TWD 8.56bn | −TWD 6.10bn | −TWD 6.91bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 68.73bn | TWD 61.04bn | TWD 61.81bn | TWD 59.13bn | TWD 58.76bn | TWD 57.86bn | TWD 60.39bn | TWD 60.49bn |
| Gross profit | TWD 22.32bn | TWD 17.82bn | TWD 18.96bn | TWD 17.62bn | TWD 16.88bn | TWD 15.45bn | TWD 18.34bn | TWD 20.43bn |
| Operating income | TWD 14.88bn | TWD 11.22bn | TWD 10.23bn | TWD 11.12bn | TWD 10.82bn | TWD 9.79bn | TWD 11.96bn | TWD 14.10bn |
| Net income | TWD 42.26bn | TWD 16.17bn | TWD 10.05bn | TWD 14.98bn | TWD 8.90bn | TWD 7.78bn | TWD 8.50bn | TWD 14.47bn |
| Diluted earnings per share | 3.37 | 1.29 | 0.80 | 1.19 | 0.71 | 0.62 | 0.68 | 1.16 |
| Cash from operations | TWD 33.70bn | TWD 21.98bn | TWD 32.96bn | TWD 20.94bn | TWD 22.10bn | TWD 23.82bn | TWD 32.98bn | TWD 17.35bn |
| Capital spending | −TWD 9.48bn | −TWD 13.21bn | −TWD 14.83bn | −TWD 12.17bn | −TWD 8.59bn | −TWD 14.48bn | −TWD 19.15bn | −TWD 22.23bn |
| Free cash flow | TWD 24.22bn | TWD 8.77bn | TWD 18.14bn | TWD 8.77bn | TWD 13.51bn | TWD 9.34bn | TWD 13.82bn | −TWD 4.88bn |
| Total assets | TWD 665.97bn | TWD 599.93bn | TWD 579.00bn | TWD 555.40bn | TWD 548.14bn | TWD 572.96bn | TWD 560.17bn | TWD 574.29bn |
| Cash and short-term investments | TWD 147.39bn | TWD 134.26bn | TWD 128.37bn | TWD 119.04bn | TWD 123.65bn | TWD 116.87bn | TWD 115.24bn | TWD 114.43bn |
| Debt | TWD 49.01bn | TWD 51.38bn | TWD 54.41bn | TWD 70.46bn | TWD 63.51bn | TWD 51.77bn | TWD 64.68bn | TWD 89.62bn |
| Shareholders' equity | TWD 443.92bn | TWD 406.70bn | TWD 379.77bn | TWD 361.06bn | TWD 336.87bn | TWD 390.60bn | TWD 365.45bn | TWD 368.20bn |
Financial ratios
Data as of 30 Aug 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 29.0% | 32.6% | 34.9% | 45.1% | 33.8% | 22.1% |
| Operating margin | 17.7% | 22.2% | 26.0% | 37.4% | 24.9% | 13.2% |
| Net margin | 17.6% | 20.3% | 27.4% | 32.1% | 24.1% | 12.9% |
| Return on equity | 11.0% | 12.9% | 17.0% | 27.7% | 19.4% | 9.7% |
| Return on assets | 7.2% | 8.4% | 10.9% | 17.1% | 11.4% | 6.1% |
| Free cash flow yield | 9.0% | 11.4% | 11.1% | 13.7% | 8.8% | 6.0% |
| Revenue growth | 2.3% | 4.4% | -20.2% | 30.8% | 20.5% | 19.3% |
| Earnings growth | -11.6% | -22.6% | -31.8% | 74.6% | 124.2% | 180.3% |
| Current ratio | 2.34x | 2.45x | 2.19x | 2.24x | 2.15x | 2.10x |
| Debt to equity | 0.14x | 0.18x | 0.21x | 0.15x | 0.16x | 0.15x |
| Equity ratio | 65.6% | 65.2% | 64.2% | 61.5% | 58.6% | 62.4% |
| Interest coverage | 26.19x | 29.39x | 36.86x | 55.88x | 27.04x | 11.25x |
| R&D as a share of sales | 7.5% | 6.7% | 6.0% | 4.6% | 6.1% | 7.3% |
| Buybacks as a share of market value | -0.9% | 0.5% | 2.5% | -5.3% | -0.8% | -3.4% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -5.2% | 6.1% | 5.1% |
| Operating income | -26.2% | 12.5% | 14.5% |
| Net income | -22.5% | 12.8% | 12.1% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 30.8% | 35.8% | 33.7% | 28.2% |
| Operating margin | 19.9% | 26.3% | 24.4% | 17.6% |
| Net margin | 18.9% | 24.7% | 23.0% | 17.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 14.8 | 11.4 | 10.8 | 5.8 | 15.5 | 25.0 | 23.6 | 17.7 | 18.0 | 16.1 |
| Price to sales | 2.6 | 2.3 | 3.0 | 1.9 | 3.7 | 3.2 | 1.3 | 0.9 | 1.2 | 0.9 |
Dividends and splits
Per share, in the currency the company pays
Paid for 16 years. Last went ex-dividend on 8 Jul 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.608 | 2.85 | 3.00 | 3.60 | 3.00 | 1.60 | 0.804 | 0.59 |
- 1.045-for-1 split · 8 Aug 2008
- 100-to-70.0018 reverse split · 20 Sept 2007
- 1.01-for-1 split · 2 Aug 2006
- 1.103-for-1 split · 2 Aug 2005
- 27-for-25 split · 13 Jul 2004
- 1.04-for-1 split · 15 Jul 2003
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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