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UMC

United Microelectronics

NYSE: UMC · TECHNOLOGY · SEMICONDUCTORS

$12.75
+9.35% today

Updated 2026-04-29

Market cap
$32.08B
P/E ratio
20.24
P/S ratio
0.14x
EPS (TTM)
$0.63
Dividend yield
4.14%
52W range
$7 – $13
Volume
9.4M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

United Microelectronics (UMC) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$12.75
Consensus
$8,600.00
+67350.98%
2030 Target
$1,813.76
+14125.57%
DCF
$90.14
+88.57% MoS
29 analysts:
1 Buy3 Hold3 Sell

Management guidance

UMC management has not provided explicit revenue targets through 2030 in available guidance. Most recent guidance (Q4 2025 earnings) indicates 2026 capex of $1.5B focused on capacity and technology advancement, with emphasis on specialty processes (55nm BCD, silicon photonics) and AI-driven applications. Company signaled 'firm' Q1 2026 wafer demand but cautioned on near-term margin pressure from pricing and currency headwinds.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$3,023.23
$383.7B Rev × 20x P/S
Base case (2030)
$1,813.76
$383.7B Rev × 12x P/S
Bear case (2030)
$1,209.46
$383.7B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$222.5B$232.3B$237.6B$264.8B$291.4B$320.6B$350.6B$383.7B
Revenue growth—4.4%2.3%11.5%10.1%9.9%9.4%9.4%
EPS$0.79$0.58$0.54$3.90$4.78$5.27$5.76$6.28
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$1,251.95$1,377.66$1,515.52$1,657.70$1,813.76

Catalysts & risks

Growth catalysts
+ AI infrastructure capex acceleration from hyperscalers (Amazon, Meta, Google) driving demand for specialty mature-node processes
+ Strategic partnerships with HyperLight (TFLN photonics), Wavetek, Adeia (3D chiplet bonding) for next-gen chiplet and AI computing applications
+ US onshore semiconductor expansion via Polar Semiconductor partnership and $1.5B annual capex supporting 8-inch and advanced platform capacity
Key risks
- Intense pricing pressure on mature nodes from TSMC competitive response and oversupply in non-leading-edge segments
- Currency headwinds (NT dollar strength) pressuring gross margins despite volume growth
- Trade policy uncertainty (US tariffs, China restrictions) impacting supply chain and customer spending patterns; geopolitical tensions affecting helium supply

Methodology

United Microelectronics's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 29 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.