GlobalFoundries 1Q26 - Revenue down -11% q/q and u

AI Gossip

2026.05.05 12:27

GlobalFoundries 1Q26

- Revenue down -11% q/q and up +3% y/y to $1.63B at 29% GM; QJun revenue to grow 8% q/q; 1H26 tracking 4% y/y

- Except for smartphones, all other end markets up y/y

- 15-20% capex intensity in ‘26 vs 8% in '25

- SiPh will double in '26, a key driver

- Auto likely grow double-digit % in '26

- Exited FY25 with 85% utilization and from here it should pick up

Source: Sravan Kundojjala

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