Jan 2026 Revenue: NT$19.3B, +1.66% YoY
Original: 2303 2026年1月 月營收
Summary
UMC reported January 2026 revenue of NT$19.28B, up 1.66% YoY but down 9.2% MoM, reflecting typical Q1 seasonality in mature-node foundry demand. The modest YoY growth suggests stable but unspectacular utilization, with limited direct exposure to the AI/HBM cycle that is lifting leading-edge peers like TSMC. Investors should watch for signs of recovery in consumer and communications end-markets that drive UMC's 28nm/22nm specialty node mix.
Full Translation
UMC (2303) January 2026 Monthly Revenue Report:
- Current month revenue: NT$19.28 billion (NT$19,280,724 thousand)
- Year-over-year change: +1.66%
- Month-over-month change: -9.2%
January revenue came in at NT$19.28B, marking a slight YoY improvement from January 2025 levels but a sequential decline of 9.2% from December 2025, consistent with seasonal Q1 weakness in the foundry industry. As a specialty mature-node foundry, UMC is more exposed to consumer electronics, communications, and automotive demand than to the AI accelerator boom driving leading-edge capacity at TSMC. The flat-to-slightly-positive YoY print suggests demand stabilization rather than meaningful recovery in mature-node utilization.