Quarterly ResultMay 5, 2026, 07:13 AM
GLOBALFOUNDRIES Q1 Net Income $104M, EPS $0.18; Revenue $1.63B
AI Summary
GLOBALFOUNDRIES reported Q1 2026 net income of $104 million, a significant decrease from $211 million in Q1 2025, with diluted EPS falling to $0.18 from $0.38. Net revenue increased slightly to $1.63 billion from $1.59 billion year-over-year. The company also provided updates on recent acquisitions, including Advanced Micro Foundry Pte. Ltd. and MIPS Holdings Inc., completed in 2025, and announced a definitive agreement to acquire Synopsys’ ARC Processor IP Solutions business, expected to close in H1 2026.
Key Highlights
- Net income for Q1 2026 was $104M, down from $211M in Q1 2025.
- Diluted EPS for Q1 2026 was $0.18, down from $0.38 in Q1 2025.
- Net revenue increased to $1.63B in Q1 2026 from $1.59B in Q1 2025.
- Gross profit rose to $451M in Q1 2026 from $355M in Q1 2025.
- Operating income was $180M in Q1 2026, up from $151M in Q1 2025.
- Net cash provided by operating activities was $542M, up from $331M YoY.
- Entered definitive agreement to acquire Synopsys’ ARC Processor IP Solutions business.
- Purchased $400M of treasury stock during Q1 2026.