Overview
- The company reported Q2 fiscal 2026 revenue of $1.786 billion and a non-IFRS gross margin of 29.9%, with operating profit of $298 million and diluted EPS of $0.46.
- Shipments rose to about 625,000 300-mm equivalent wafers, up 8% sequentially and year over year, which helped drive higher utilization and profitability.
- Communications infrastructure and data-center revenue grew 62% year over year, and management now expects that segment to expand 50%–60% in 2026 with silicon photonics revenue more than doubling.
- GlobalFoundries issued Q3 guidance of $1.885 billion in revenue and expected EPS of $0.51 plus or minus $0.05 while raising its outlook for IoT after stronger home and industrial demand.
- Management credited margin gains to a richer revenue mix, manufacturing cost improvements and higher utilization, which could tighten capacity for optical and data-center customers and influence supply-chain planning.