GlobalFoundries Tops Earnings Estimates, Sees 8% Sequential Revenue Growth in June Quarter

businesscompany-earnings 3 posts · 3 accounts

GlobalFoundries reported first-quarter 2026 adjusted earnings per share of 40 cents, topping estimates of 34 cents, on revenue of $1.63 billion, in line with expectations. Non-IFRS gross profit was $474 million, above the $441.2 million estimate.

Revenue fell 11% from the previous quarter but rose 3% from a year earlier. For the June quarter, revenue is expected to grow 8% sequentially.

From the sources (3 posts)

@zephyr_z9

RT @SKundojjala: GlobalFoundries 1Q26 - Revenue down -11% q/q and up +3% y/y to $1.63B at 29% GM; QJun revenue to grow 8% q/q; 1H26 tracki…

@globalfoundries

Below are highlights from our Q1 '26 #financialresults announced today: #GF #GlobalFoundries #GFEarnings

@livesquawk

Global Foundries Q1 2026 Earnings - Adj EPS 40C (est 34C) - Net Rev. $1.63B (est $1.63B) - Non-IFRS Gross Profit $474M (est $441.2M

Sweden CPI Turns Negative in April as CPIF Misses Forecasts McDonald's Beats Q1 Profit and Revenue Estimates as Sales Growth Trails