GlobalFoundries Q2 Revenue $1.786B, Non-IFRS EPS $0.46

GLOBALFOUNDRIES Inc. reported strong second-quarter 2026 financial results, with revenue of $1.786 billion and Non-IFRS gross margin of 29.9%, both exceeding guidance. The company also announced significant strategic advancements, including the acquisition of Photeon Technologies' IVR business and Synopsys’ ARC Processor IP Solutions business, enhancing its capabilities in AI data center and RISC-V IP solutions. Furthermore, GF secured a $300 million award from the U.S. Department of Commerce for silicon photonics leadership and launched Quantum Technology Solutions, supported by an expected $375 million grant. The company also declared its second quarterly dividend of $0.12 per share.