The strong EPS beat and above-consensus Q2 guidance signal accelerating demand and operational leverage. Watch for further details on the Renesas partnership and SCALE CPO product ramp in upcoming quarters.
Price Chart
Executive Summary
GlobalFoundries reported Q1 2026 Non-IFRS diluted EPS of $0.40, beating the $0.35 consensus by 14.3%, while revenue of $1.634B was in line with the $1.63B estimate. The company guided Q2 2026 revenue to $1.76B ± $25M and Non-IFRS EPS to $0.43 ± $0.05, implying sequential growth and continued margin expansion.
Key Financial Metrics
Key Facts
- Q1 2026 Non-IFRS diluted EPS of $0.40 vs consensus $0.35 (14.3% beat)
- Q1 2026 revenue of $1.634B vs consensus $1.63B (in line)
- Q2 2026 guidance: revenue $1.76B ± $25M, Non-IFRS EPS $0.43 ± $0.05
- Non-IFRS gross margin expanded 510bps YoY to 29.0%
- Operating cash flow surged 64% YoY to $542M
- Revenue grew 3% YoY to $1.634B, driven by wafer shipment growth of 7%
- GAAP net income fell 51% YoY to $104M due to tax and other charges
Financial Impact
EPS beat of $0.05 (14.3%) on consensus of $0.35; Q2 guidance implies ~5% sequential revenue growth
Risk Factors
- GAAP net income declined 51% YoY due to tax and restructuring charges
- Geopolitical risks from US-China trade tensions and tariffs
- Capex increased 88% YoY to $312M, pressuring free cash flow
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287493 |
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