United Microelectronics Second Quarter 2024 Earnings: EPS Beats Expectations

United Microelectronics (TWSE:2303) Second Quarter 2024 Results

Key Financial Results

• Revenue: NT$56.8b (flat on 2Q 2023).
• Net income: NT$13.8b (down 12% from 2Q 2023).
• Profit margin: 24% (down from 28% in 2Q 2023).
• EPS: NT$1.11 (down from NT$1.27 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

United Microelectronics EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%.

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in Taiwan.

Performance of the Taiwanese Semiconductor industry.

The company's shares are up 5.1% from a week ago.

Risk Analysis

You still need to take note of risks, for example - United Microelectronics has 2 warning signs (and 1 which doesn't sit too well with us) we think you should know about.

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