UMC Reports Sales for June 2024
United Microelectronics (NYSE: UMC; TWSE: 2303) reported its unaudited net sales for June 2024. The company recorded revenues of NT$17,548,413 thousand, which represents a 7.91% year-over-year decline compared to NT$19,056,484 thousand in June 2023.
Despite the June revenue drop, cumulative revenues for the first half of 2024 were slightly up by 0.84%, amounting to NT$111,431,389 thousand compared to NT$110,505,855 thousand during the same period in 2023.
This data is consolidated and presented in thousands of New Taiwan Dollars (NT$).
- Cumulative revenues for January to June 2024 increased by 0.84% year-over-year, reaching NT$111,431,389 thousand.
- June 2024 revenues declined by 7.91% year-over-year, totaling NT$17,548,413 thousand compared to NT$19,056,484 thousand in June 2023.
Insights
United Microelectronics Corporation (UMC) reported a 7.91% decrease in year-over-year revenues for June 2024, indicating a significant short-term decline. The drop from
For retail investors, it's important to understand that monthly revenue fluctuations are not unusual in the semiconductor industry and a single month's decline should be viewed within the larger financial context. The slight growth in the first half of the year points to a generally stable performance, potentially mitigating concerns about the single month's reduction.
Potential investors should keep an eye on UMC’s future monthly and quarterly financial reports to identify if this decline is an anomaly or part of a larger trend. Additionally, factors such as global semiconductor demand, supply chain dynamics and broader economic conditions need to be considered.
The semiconductor market has faced various disruptions, ranging from supply chain constraints to fluctuating demand cycles. UMC's year-over-year decline of 7.91% in June reflects these broader industry challenges. Investors should note that such fluctuations are not atypical, particularly given the high cyclicality of the semiconductor sector.
UMC's ability to maintain a positive growth of 0.84% for the January to June period indicates resilience, suggesting that despite short-term headwinds, they are managing to sustain their market position. Observing their performance relative to peers like TSMC and GlobalFoundries can provide better context on whether this performance is comparable to industry norms.
Investors might benefit from looking at other performance metrics such as gross margins, net income and capacity utilization rates in forthcoming reports to gain a more comprehensive view of UMC's operational health. Forward-looking indicators such as their booking trends and customer pipeline will also be key to anticipating future performance.
Revenues for June 2024
Period |
2024 |
2023 |
Y/Y Change |
Y/Y (%) |
June |
17,548,413 |
19,056,484 |
-1,508,071 |
- |
Jan.-June |
111,431,389 |
110,505,855 |
925,534 |
|
(*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages.
(**) All figures are consolidated
Additional information about UMC is available on the web at https://www.umc.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240703941975/en/
Michael Lin / David Wong
UMC, Investor Relations
Tel: + 886-2-2658-9168, ext. 16900
Email: david_wong@umc.com
jinhong_lin@umc.com
Source: United Microelectronics Corporation
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