GlobalFoundries Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Q3 revenue $1.899 billion, up 13% year over year
- ➤Non-IFRS EPS $0.53, up 29% year over year
- ➤Q4 revenue guidance $2,000 million ± $25 million
- ➤TSMC agreement totals $2 billion for U.S. silicon interposers
- ➤Two new New York fabs could receive up to $21 billion in funding
Expert Statements
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. 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.”
MALTA, N.Y., Nov. 04, 2026 (GLOBE NEWSWIRE) -- GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2026.
Key Third Quarter Financial Highlights * Revenue of $1.899 billion * Gross margin of 30.1% and Non-IFRS gross margin((1)) of 31.4% * Operating margin of 12.1% and Non-IFRS operating margin((1)) of 17.9% * Net income (loss) of $(270) million and Non-IFRS net income((1)) of $298 million * Diluted earnings (loss) per share ("EPS") of $(0.49) and Non-IFRS EPS((1)) of $0.53 * Non-IFRS adjusted EBITDA((1)) of $647 million * Ending cash, cash equivalents and marketable securities of $3.2 billion * Net cash provided by operating activities of $341 million and Non-IFRS adjusted free cash flow((1)) of $136 million "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,” said 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."
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