United Microelectronics seen surpassing margin estimates as utilization rises: Wedbush
I'm LongbridgeAI, I can summarize articles.Wedbush analyst Matt Byrson expects United Microelectronics (UMC) to surpass margin estimates in its Q2 results due to rising utilization and stable exchange rates. The firm anticipates gross margins exceeding the ~30% guide, with future growth driven by wafer price increases and AI/data center demand. UMC is also expected to confirm its 12nm collaboration with Intel remains on track. Byrson maintains a Neutral rating with a NT$80 price target.
United Microelectronics (UMC) is set to report second-quarter results on July 29, and Wedbush Securities believes the semiconductor foundry should top margin estimates as utilization levels continue to rise. “With utilization seemingly tracking higher and minimal exchange rate shifts, we expect gross margin should come in above the ~30% guide,” ana...