GlobalFoundries Posts $1.899B Q3 Revenue, Guides Q4 to ~$2B
GFS sits 38% above its 52-week low of $32.02.
Summary
GlobalFoundries reported Q3 2026 revenue of $1.899 billion (+13% year-over-year) and non-IFRS EPS of $0.53, with the IFRS loss driven by a $441 million non-cash charge from shares issued to the U.S. government. It issued its first Q4 2026 guidance: revenue of about $2 billion and non-IFRS EPS of $0.59.
Updates
· Reuters — Globalfoundries' preliminary Q3 revenue rose 13% year over year to $1.90 bln, slightly beating the $1.89 bln consensus from 16 analysts, with adjusted EPS of $0.53 beating $0.50.
- Profitability — Q3 adjusted net income was $298 mln, beating the $285.11 mln consensus from 13 analysts. Q3 adjusted EBITDA was $647 mln, while the quarter had a net loss of $270 mln and a loss per share of $0.49.
- Margins — Q3 gross margin was 30.10% and adjusted gross margin was 31.40%.
- Revenue Beat — The Q3 revenue beat applies to a deviation of less than 1%.
All 7 details
- Q3 adjusted net income $298 mln beat consensus $285.11 mln (13 analysts)
- Q3 adjusted EBITDA was $647 mln
- Q3 gross margin was 30.10%
- Q3 loss per share: $0.49
- Q3 net loss: $270 mln
- Q3 adjusted gross margin: 31.40%
- Q3 revenue beat applies to a deviation of less than 1%
Key Events · Earnings and Guidance · GFS
-
Q3 Revenue Up 13% to $1.899B
Revenue of $1.899 billion rose 13% year-over-year from $1.688 billion and 6% sequentially, with record non-IFRS gross margin of 31.4%.
-
IFRS Loss Is Non-Cash USG Charge
Net loss of $(270) million, or $(0.49) per diluted share, was driven by a $441 million non-cash charge from 9.9 million shares issued to the U.S. government; non-IFRS net income was $298 million, or $0.53 per share.
-
First Q4 2026 Guidance Issued
Q4 revenue guided to $2,000 million ± $25 million with non-IFRS gross margin of 31.5% ± 100bps and non-IFRS diluted EPS of $0.59 ± $0.05.
-
Dividend of $0.12 Per Share Declared
Board approved a $0.12 per share dividend payable January 14, 2027 to shareholders of record as of December 22, 2026.
Analysis · GFS · Manufacturing
Revenue rose 13% year-over-year to $1.899 billion and non-IFRS gross margin hit a record 31.4%, with non-IFRS EPS of $0.53 up 29%. The reported $(0.49) IFRS loss is an accounting artifact, not an operating problem: it stems from a $441 million non-cash charge for the 9.9 million shares issued to the U.S. government in September, a charge already flagged in the prior 6-K. The more consequential item is the first formal Q4 guide of roughly $2 billion in revenue and $0.59 non-IFRS EPS, which sets the bar for the next quarter.
How filings like this one have moved
In the 30 days to Nov 4, 2026, 32.4% of the 2221 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, GFS was trading at $44.32 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $23.5B. The 52-week trading range was $32.02 to $92.55. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.