GlobalFoundries posts Q3 2026 earnings beat and raises Q4 outlook
GlobalFoundries reported adjusted earnings of $0.53 per share for the third quarter of 2026, surpassing consensus estimates. Revenue was around $1.9 billion, with the company noting a record non‑IFRS gross margin of 31.4%. Management guided Q4 2026 revenue of $2.00 billion and adjusted EPS of $0.59, and highlighted a $2 billion multi‑year agreement with TSMC and a $21 billion Japan‑funded fab expansion. The board also approved a $0.12 per share dividend.
Why it matters
The earnings beat and raised guidance suggest stronger demand in AI, data‑center and automotive segments, which could support higher share prices. The Q4 outlook signals continued revenue growth and margin expansion for investors.
Key facts
- 1Adjusted non‑GAAP EPS for Q3 2026 was $0.53 per share, beating the $0.51 consensus. 247wallst.com
- 2Revenue for Q3 2026 was reported as $1.90 billion. 247wallst.com
- 3Revenue for Q3 2026 was reported as $1.89 billion. investing.com
- 4Non‑IFRS gross margin for Q3 2026 reached a record 31.4%. 247wallst.com
- 5A $441 million non‑cash charge related to a share issuance to the U.S. government was recorded. 247wallst.com
- 6Guidance for Q4 2026 revenue is $2.00 billion and adjusted EPS $0.59. 247wallst.com
Open questions
- Revenue figure conflict: $1.90 billion vs $1.89 billion.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.