GLOBALFOUNDRIES Reports Strong Q1 2026 Results, Guides for Sequential Growth in Q2 Revenue & EPS

summarizeSummary

GLOBALFOUNDRIES reported strong Q1 2026 financial results, with Non-IFRS diluted EPS of $0.40 and revenue of $1.634 billion, and provided Q2 guidance projecting sequential increases in revenue and Non-IFRS EPS.

check_boxKey Events

• Q1 2026 Financial Performance

  Reported Non-IFRS diluted EPS of $0.40 and revenue of $1.634 billion, with Non-IFRS gross margin at 29.0%. Net cash provided by operating activities was $542 million.

• Q2 2026 Guidance Issued

  Projected Q2 2026 revenue of approximately $1.76 billion and Non-IFRS diluted EPS of $0.43, indicating sequential growth from Q1.

• New Product Launch: SCALE CPO Solution

  Launched SCALE, an optical module solution for co-packaged optics (CPO), designed for high-bandwidth, energy-efficient connectivity in AI architectures.

• Expanded Strategic Partnership with Renesas

  Announced an expanded multi-billion dollar strategic partnership with Renesas Electronics, broadening access to GF's technology for automotive and industrial IoT applications.

auto_awesomeAnalysis

GLOBALFOUNDRIES delivered robust first-quarter results, with Non-IFRS profitability metrics meeting or exceeding guidance. The company reported Non-IFRS diluted EPS of $0.40 on revenue of $1.634 billion. Looking ahead, the guidance for Q2 2026 projects sequential growth, with revenue expected to reach approximately $1.76 billion and Non-IFRS diluted EPS at $0.43. This positive outlook is supported by strategic advancements, including the launch of the SCALE optical module solution for co-packaged optics and an expanded multi-billion dollar partnership with Renesas Electronics, positioning the company for continued growth in key markets like AI and automotive.