)
Overview
<ul>
<li>U.S. semiconductor maker’s preliminary Q1 revenue rose 3% yr/yr, meeting analyst expectations</li>
<li>Adjusted EPS for Q1 beat consensus, with all non-IFRS profitability metrics at or above guidance</li>
<li>Company cites strong execution and growth in end markets as drivers of results</li>
</ul>
Outlook
<ul>
<li>GlobalFoundries expects Q2 2026 revenue of $1.76 bln ± $25 mln</li>
<li>Company sees Q2 2026 non-IFRS gross margin at 28.5% ± 100bps</li>
<li>GlobalFoundries expects Q2 2026 non-IFRS diluted EPS of $0.43 ± $0.05</li>
</ul>
Result Drivers
<ul>
<li>END MARKET TRACTION - Co said it made significant progress in secular growth end markets, driven by differentiated technology and share gains</li>
<li>CUSTOMER EXECUTION - Co attributed results to strong execution and focus on delivering for customers Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q1 Meet $1.63 $1.63
Revenue bln bln (16
Analysts
)
Q1 Beat $0.40 $0.34
Adjusted (16
EPS Analysts
)
<h3>Q1 EPS $0.18</h3>
Q1 Beat $227 mln $194.24
Adjusted mln (13
Net Analysts
Income )
Q1 Net $104 mln
Income
Q1 $561 mln
Adjusted
<h3>EBITDA</h3>
Q1 Gross 27.60%
Margin
<h3>Q1 29.00%</h3>
Adjusted
Gross
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 11 “strong buy” or “buy”, 9 “hold” and 1 “sell” or “strong sell”</li>
<li>The average consensus recommendation for the semiconductor equipment &amp; testing peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for GlobalFoundries Inc is $55.00, about 18.8% below its May 4 closing price of $67.75</li>
<li>The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 23 three months ago For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

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GlobalFoundries Q1 revenue rises 3%, adjusted EPS beats estimates