GlobalFoundries Inc.: Beat — EPS $0.53, Revenue $1.9B
Earnings BeatQ3 2026 · Pre-market
Did GlobalFoundries Inc. (GFS) beat earnings today?
Yes, GlobalFoundries Inc. (GFS) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+3.92% surprise
$0.53Actual
Expected: $0.51
vs. year ago +29.0%
Total Revenue+0.48% surprise
$1.9BActual
Expected: $1.89B
vs. year ago +13.0%
Released Nov 04 · 7:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Net revenue | $1.90B | $1.69B | +13.0 |
| Net income (loss) | $(270) million | $249.00M | -208.0 |
| Basic EPS | $(0.49) | $0.45 | -208.9 |
| Diluted EPS | $(0.49) | $0.44 | -211.0 |
| Non-IFRS diluted EPS | $0.53 | $0.41 | +29.0 |
Financial Outlook / Guidance
| Metric | Q4 2026 Outlook | |
|---|---|---|
| Guidance | Expected | |
| Net revenue | $2,000 ± $25 | $2BBeat +99900.00% |
| Gross margin | 30.7% ± 100bps | — |
| Non-IFRS gross margin | 31.5% ± 100bps | — |
| Operating expenses | $287 ± $10 | — |
| Non-IFRS operating expenses | $235 ± $10 | — |
| Operating margin | 16.4% ± 170bps | — |
| Non-IFRS operating margin | 19.8% ± 170bps | — |
| Diluted EPS | $0.47 ± $0.05 | $0.57Miss -17.54% |
| Non-IFRS diluted EPS | $0.59 ± $0.05 | — |
| Fully Diluted Share Count | ~575 | — |
Q4 2026 Outlook
- Net revenue
- Guidance$2,000 ± $25Expected$2BBeat +99900.00%
- Gross margin
- Guidance30.7% ± 100bpsExpected—
- Non-IFRS gross margin
- Guidance31.5% ± 100bpsExpected—
- Operating expenses
- Guidance$287 ± $10Expected—
- Non-IFRS operating expenses
- Guidance$235 ± $10Expected—
- Operating margin
- Guidance16.4% ± 170bpsExpected—
- Non-IFRS operating margin
- Guidance19.8% ± 170bpsExpected—
- Diluted EPS
- Guidance$0.47 ± $0.05Expected$0.57Miss -17.54%
- Non-IFRS diluted EPS
- Guidance$0.59 ± $0.05Expected—
- Fully Diluted Share Count
- Guidance~575Expected—
Business Highlights
- ➤Selected as technology provider and operator for two new Malta, New York semiconductor fabs.
- ➤U.S.-Japan initiative could provide up to $21 billion in funding for the new fabs.
- ➤Initial approximately $10 billion investment accelerates a 300mm fab, with capacity expected in 2029.
- ➤Amended CHIPS award reallocates $955 million for advanced manufacturing investments in New York and Vermont.
- ➤Entered a multi-year manufacturing agreement with TSMC for U.S.-based silicon interposers.
- ➤TSMC collaboration targets volume-production ramp in the first half of 2028.
- ➤Expanded Marvell agreement for silicon germanium capacity in Burlington, Vermont.
- ➤Entered a long-term Monolithic Power Systems manufacturing agreement in Singapore.
- ➤MPS partnership targets volume production in early 2027 for power-management solutions.
- ➤Board approved a $0.12 per-share dividend payable January 14, 2027.
Management Commentary
Tim Breen, CEO of GlobalFoundries
“We delivered strong results in the third quarter, with record non-IFRS gross margin reflecting a richer mix of business across high-value, high-growth AI applications. We saw particularly strong momentum across our key growth markets, led by record year-over-year revenue growth in communications infrastructure and data center, as well as strong growth in Automotive and Home and Industrial IoT.”
Tim Breen, CEO of GlobalFoundries
“Together with the significant customer and government partnerships announced during the quarter, these results demonstrate the continued strategic diversification of GF’s business and the strength of our differentiated technologies.”