GlobalFoundries Beats Q4 Estimates with $1.83B Revenue, Fuels 13% Rally and Secures Renesas Deal
GlobalFoundries posted Q4 revenue of $1.83 billion, flat year-over-year but $26.62 million above forecasts, and delivered $0.55 EPS, fueling a 13% stock gain since the release. It unveiled a multi-billion-dollar manufacturing partnership with Renesas to produce FDX, BCD and advanced CMOS chips in US facilities from mid-2026.
1. Q4 Earnings Outperformance
GlobalFoundries reported Q4 revenue of $1.83 billion, matching guidance but surpassing forecasts by $26.62 million, and delivered EPS of $0.55. The results drove a more than 13% stock gain since the earnings announcement, reflecting investor confidence in higher-margin automotive, communications and data center markets.
2. Full-Year Results and Guidance
Full-year revenue reached $6.791 billion, up 1% year-over-year, while operating profit climbed to $1.066 billion with a 15.7% margin, up 210 basis points. Management projects next quarter revenue of $1.625 billion plus or minus $25 million and gross margins near 27%.
3. Renesas Manufacturing Partnership
The company struck a multi-billion-dollar manufacturing agreement with Renesas, granting access to FDX, BCD and advanced CMOS technologies. Production will begin in US facilities from mid-2026, strengthening its role in automotive MCU supply and expanding its global footprint.