GLOBALFOUNDRIES Inc. (GF) (Nasdaq: GFS) announced preliminary financial results for the third quarter ended September 30, 2026. Revenue reached $1.899 billion with a gross margin of 30.1% and Non-IFRS gross margin of 31.4%. Operating margin stood at 12.1% with Non-IFRS operating margin of 17.9%. Net loss was $(270) million against Non-IFRS net income of $298 million. Diluted EPS was $(0.49) on a Non-IFRS basis of $0.53. Non-IFRS adjusted EBITDA totaled $647 million. Ending cash, cash equivalents, and marketable securities were $3.2 billion. Net cash from operating activities was $341 million and Non-IFRS adjusted free cash flow was $136 million.
Tim Breen, CEO of Global Foundries, stated the company delivered strong results driven by a richer mix of high-value AI applications. Record year-over-year revenue growth was seen in communications infrastructure and data center. Strong growth was also reported in Automotive and Home and Industrial IoT. This diversification was furthered by significant customer and government partnerships announced during the quarter.
Recent business highlights include GF's selection as technology provider for two new semiconductor fabs at its Malta, New York site under a U.S.-Japan initiative providing up to $21 billion in funding. An initial $10 billion will accelerate a new 300 mm fab with capacity online in 2029. In October 2026, GF amended its CHIPS and Science Act award, reallocating $955 million to support advanced manufacturing. A multi-year, $2 billion manufacturing agreement with TSMC was established to supply silicon interposers for Co Wo S advanced packaging.
Source: TechPowerUp News · Summarized by HeadlinesBriefing