GlobalFoundries stock: Record Q3 margin, higher Q4 outlook
Published on 11/12/2026 at 02:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSGlobalFoundries strengthens its outlook
- Third-quarter revenue rose year over year, while adjusted gross margin reached a record level.
- Fourth-quarter guidance points to higher revenue and adjusted earnings, supported by demand for AI-related technologies.
- New U.S. manufacturing projects and partnerships could expand long-term capacity, but capital needs remain significant.
GlobalFoundries reported record adjusted gross margin for the third quarter on November 4, 2026, while guiding to higher revenue and adjusted earnings for the final quarter. The semiconductor manufacturer also highlighted new U.S. fab projects and partnerships targeting AI infrastructure.
The company reported third-quarter revenue of 1.899 billion US dollars, up from 1.688 billion US dollars a year earlier. Reported net income was a loss of 270 million US dollars, mainly reflecting a 441 million US dollar non-cash charge linked to shares issued to the U.S. government. Excluding specified items, net income reached 298 million US dollars and diluted earnings per share came to 0.53 US dollars.
Margin gains meet heavy investment plans
Non-IFRS gross margin rose to 31.4 percent from 26.0 percent a year earlier, while non-IFRS operating margin increased to 17.9 percent. Management linked the improvement to a richer business mix and momentum in communications infrastructure, data center, automotive and industrial applications.
For the fourth quarter, GlobalFoundries guides to revenue of 2.000 billion US dollars plus or minus 25 million US dollars. Non-IFRS diluted earnings per share are expected at 0.59 US dollars plus or minus 0.05 US dollars. The outlook places execution in AI-related and communications businesses alongside the planned expansion of production capacity.
GlobalFoundries stock traded at 38.49 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 11. The quotation was 0.03 percent above the previous close of the same trading venue.
The company said an initiative backed by up to 21 billion US dollars will support two new semiconductor fabs at its Malta, New York site. An initial investment of approximately 10 billion US dollars is intended to accelerate a 300mm fab, with capacity expected to come online in 2029. A separate agreement with TSMC is designed to establish U.S. production of silicon interposers, with volume production expected to ramp in the first half of 2028.
GlobalFoundries serves multiple chip markets
GlobalFoundries manufactures essential semiconductors for customers in automotive, aerospace and defense, data center, smart mobile devices and the Internet of Things. The company operates manufacturing sites across the United States, Europe and Asia and positions its services around power-efficient and high-performance solutions. Its growth focus is increasingly tied to silicon photonics, silicon germanium and advanced packaging for communications and AI-related systems.
GlobalFoundries at a glance
- Company: GlobalFoundries Inc.
- ISIN: KYG393871085
- Ticker: GFS
- Trading venue: Lang & Schwarz
- Price: 38.49 euros on November 11, 2026 at 11:00 p.m. CET
- Third-quarter revenue: 1.899 billion US dollars
- Fourth-quarter revenue guidance: 2.000 billion US dollars plus or minus 25 million US dollars
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