Globalfoundries Inc (NASDAQ:GFS) reported upbeat fiscal first-quarter 2026 results on Tuesday.
The company reported a revenue of $1.634 billion, up 3% year-over-year, topping the analyst consensus estimate of $1.627 billion. The contract chipmaker’s adjusted EPS of 40 cents beat the analyst consensus estimate of 34 cents.
GlobalFoundries expects second-quarter revenue of $1.735 billion-$1.785 billion versus the $1.743 billion analyst consensus estimate. The company expects adjusted EPS of 38 cents to 48 cents versus the 40 cents analyst consensus estimate.
“GF delivered strong results in the first quarter, with all of our Non-IFRS profitability metrics at or above the high end of the respective guidance ranges,” said Tim Breen, CEO of GlobalFoundries. …
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