GlobalFoundries stock: Company posts record Q3 margin

Published on 11/05/2026 at 02:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GlobalFoundries stock is in focus after the chipmaker reported record adjusted gross margin in the third quarter. Fourth-quarter guidance points higher.

GlobalFoundries reports stronger third quarter

Revenue increased 13 percent year over year to 1.899 billion US dollars in the third quarter.
Record non-IFRS gross margin reached 31.4 percent as demand grew in data center, communications infrastructure, automotive and industrial markets.
Management expects fourth-quarter revenue of 2.000 billion US dollars and non-IFRS diluted earnings per share of 0.59 US dollars.

GFS, KYG393871085, Illustration mit AI erstellt.

GlobalFoundries reported third-quarter results on Wednesday, November 4, 2026, with revenue and adjusted profitability at the high end of its guidance ranges. According to the company's investor release, revenue for the quarter ended September 30 rose 13 percent year over year to 1.899 billion US dollars.

Record margin supports outlook

Non-IFRS gross margin reached a company record of 31.4 percent, up from 26.0 percent a year earlier. Non-IFRS operating profit increased 31 percent to 340 million US dollars, while adjusted net income rose 28 percent to 298 million US dollars, or 0.53 US dollars per diluted share.

The statutory figures were weaker. GlobalFoundries posted a net loss of 270 million US dollars, or 0.49 US dollars per diluted share, after a 441 million US dollar non-cash charge related to the issuance of shares to the U.S. government. Operating profit under IFRS rose 18 percent to 230 million US dollars.

Fourth-quarter targets move higher

Management expects fourth-quarter revenue of 2.000 billion US dollars, plus or minus 25 million US dollars. Non-IFRS gross margin is forecast at 31.5 percent plus or minus 100 basis points, while non-IFRS operating margin is expected at 19.8 percent plus or minus 170 basis points. Non-IFRS diluted earnings are projected at 0.59 US dollars per share, plus or minus 0.05 US dollars.

GlobalFoundries said growth was particularly strong in communications infrastructure and data center markets, alongside gains in automotive and home and industrial Internet of Things applications. The company also highlighted a multi-year 2.000 billion US dollar manufacturing agreement with TSMC for silicon interposers, with volume production expected to ramp in the first half of 2028.

GlobalFoundries stock traded at 35.91 euros on Lang & Schwarz at 11:00 p.m. CET on Wednesday, November 4, 2026. Investors can follow the real-time quote of GlobalFoundries stock.

GlobalFoundries serves essential chip markets

GlobalFoundries is a U.S. semiconductor manufacturer that combines research and development, intellectual property, custom silicon and advanced manufacturing. Its products and services support automotive, aerospace and defense, data center, smart mobile device and Internet of Things markets.

The company operates manufacturing sites across the United States, Europe and Asia and focuses on differentiated, power-efficient and high-performance semiconductor solutions. Its portfolio includes radio-frequency technologies, silicon photonics, silicon germanium and advanced packaging capabilities.

GlobalFoundries is more specialized in essential and specialty semiconductor manufacturing than leading-edge logic foundries, with a global footprint and customer partnerships spanning several end markets.