GlobalFoundries Beats Q4 Estimates, Raises 2026 Capex Guidance to $4.5B
GlobalFoundries shares rose 7% after the chipmaker delivered Q4 revenue of $1.65 billion and non-GAAP net income of $150 million, topping analyst projections by 3% and 25%, respectively. Management raised 2026 capital expenditure guidance to $4.5 billion, citing continued demand for mature process nodes.
1. Q4 Financial Performance
GlobalFoundries reported Q4 revenue of $1.65 billion, up 8% year-over-year, and non-GAAP net income of $150 million, representing a 9.1% margin. Both figures exceeded consensus estimates by 3% on revenue and 25% on net income, driven by strength in automotive and IoT applications.
2. Increased 2026 Capex Guidance
The company raised its 2026 capital expenditure plan to $4.5 billion from $4.0 billion, earmarking additional funds for expanded 12 nm and 22 nm capacity as well as advanced packaging initiatives. Management cited robust order backlogs and longer-term demand visibility for mature nodes.
3. Market Reaction and Outlook
Shares jumped 7% on the results and updated guidance, reflecting investor confidence in stable cash flows from established process technologies. Continued strength in mixed-signal and RF chip demand is expected to support margin resilience through 2026.