UMC Q3 Earnings Miss Estimates Despite Higher Wafer Shipments

United Microelectronics Corporation UMC reported weaker-than-expected third-quarter 2026 results, wherein both earnings and revenues missed the Zacks Consensus Estimate. The company reported earnings of 21 cents per ADS, up from 20 cents in the year-ago quarter. The figure missed the Zacks Consensus Estimate by 8.7%. Revenues increased 19.6% year over year to $2.32 billion but missed the consensus mark by 1.3%. Higher wafer shipments, improved factory utilization and strong demand for specialty technologies supported growth. Capacity utilization reached 92%, while wafer shipments hit a record high. UMC's Wafer Shipments Hit Record High Wafer shipments increased 7.3% sequentially to 1.