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.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 29.9% of the 1374 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. 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 $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.