GLOBALFOUNDRIES Reports Strong Q1 2026 Results, Guides for Sequential Growth in Q2 Revenue & EPS
GFS has more than doubled off its 52-week low of $31.51.
Summary
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.
Key Events · Earnings and Guidance · GFS
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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.
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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.
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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.
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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.
Analysis · GFS · Manufacturing
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.
At the time of this filing, GFS was trading at $71.68 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $37.7B. The 52-week trading range was $31.51 to $69.30. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.