UMC Reports Sales for May 2024
United Microelectronics (UMC) reported unaudited net sales for May 2024, showing an increase compared to May 2023. Revenues for May 2024 were NT$19,509,486 thousand, up by 3.89% from NT$18,778,488 thousand in May 2023.
Cumulative revenues for January to May 2024 reached NT$93,882,976 thousand, reflecting a 2.66% increase compared to the same period in 2023, which had revenues of NT$91,449,371 thousand.
- May 2024 revenues increased by 3.89% year-over-year, reaching NT$19,509,486 thousand.
- Cumulative revenues from January to May 2024 rose by 2.66% year-over-year, totaling NT$93,882,976 thousand.
- The year-over-year growth rate for cumulative revenues (2.66%) is relatively modest.
Insights
United Microelectronics Corporation (UMC) reported a year-over-year (Y/Y) revenue increase of 3.89% for May 2024 and a 2.66% increase for the period of January to May 2024. These figures are expressed in thousands of New Taiwan Dollars (NT$). Considering the semiconductor industry is highly cyclical, these modest gains suggest that UMC has effectively managed to navigate the current market conditions.
Revenue growth is a critical metric for evaluating a company's performance, reflecting its ability to generate sales. However, a <3.89% Y/Y increase, while positive, is relatively modest and indicates stable but not explosive growth. Investors may need to compare this performance to industry peers to get a clearer picture of UMC's competitive stance.
Short-term investors might view this as a neutral signal since the growth rate isn't dramatic, potentially limiting immediate stock price appreciation. Long-term investors, however, could see the steady performance as a sign of reliability and effective management during uncertain times.
The semiconductor market is known for its volatility, heavily influenced by global demand for electronics, technological advancements and geopolitical events. UMC's 3.89% revenue increase in May 2024 suggests a stable demand for its products. This growth, though modest, might reflect broader trends in semiconductor demand and supply chain stability.
Comparative industry analysis would be beneficial here. If peers are experiencing similar or higher growth rates, UMC's performance can be viewed positively within the industry's context. Conversely, if industry growth trends are more robust, UMC may be underperforming, signaling potential concerns for investors.
Retail investors should consider these figures as part of a broader investment strategy in the semiconductor sector, assessing how global trends and company-specific developments could affect long-term value.
Revenues for May 2024
Period |
2024 |
2023 |
Y/Y Change |
Y/Y (%) |
May |
19,509,486 |
18,778,488 |
730,998 |
|
Jan.-May |
93,882,976 |
91,449,371 |
2,433,605 |
|
(*) 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/20240605246782/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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