Quarterly ResultAug 5, 2026, 07:17 AM
GLOBALFOUNDRIES Q2 Revenue $1.79B, Net Income $167M; Acquires Synopsys IP
AI Summary
GLOBALFOUNDRIES reported Q2 2026 net revenue of $1.79 billion, a 5.8% increase year-over-year, and net income of $167 million, down from $228 million in the prior year. For the first six months of 2026, net income was $271 million, a significant decrease from $439 million in the same period last year, despite a 4.5% rise in revenue to $3.42 billion. The company also completed the acquisition of Synopsys' ARC Processor IP Solutions business for $440 million in cash, expanding its RISC-V and custom processor IP portfolio. Additionally, GLOBALFOUNDRIES purchased $400 million in treasury stock and declared a $0.12 per share dividend.
Key Highlights
- Q2 2026 net revenue increased 5.8% year-over-year to $1.79 billion.
- Q2 2026 net income decreased 26.7% year-over-year to $167 million.
- Acquired Synopsys' ARC Processor IP Solutions business for $440 million cash.
- Net cash provided by operating activities rose to $947 million for H1 2026.
- Purchased $400 million in treasury stock during H1 2026.
- Declared a $0.12 per share dividend in H1 2026.
- Inventories increased to $1.62 billion as of June 30, 2026.
- Income tax expense was $110 million for H1 2026, compared to a $23 million benefit in H1 2025.
Price Impact
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