GlobalFoundries Reports Q1 2026 Earnings with Revenue and Margin Growth
GlobalFoundries (GFS) reported Q1 2026 earnings with total revenue of $1.634 billion, a 11% sequential decline but 3.1% year-over-year growth. The company exceeded guidance on gross and operating margins, with gross margin at 29% and operating margin at 16.6%, both showing significant year-over-year improvements. The earnings also highlighted strong performance in technology services and automotive segments.
Topics: Earnings Financial Performance Margin Expansion MIPS Acquisition Revenue