GlobalFoundries (GFS) is higher today after updating investors with first-quarter 2026 results and a stronger-than-expected outlook for the June quarter. The key catalyst is guidance: the company expects Q2 revenue of about $1.76 billion (± $25 million), which edges above the broader market’s expectation and is being framed as demand strength tied to accelerating data-center deployments and related connectivity content.

For Q1 2026, GlobalFoundries reported revenue of about $1.63 billion. For Q2, the company guided adjusted earnings per share to about $0.43 (± $0.05), modestly above expectations, reinforcing the view that profitable demand is improving even as the broader semiconductor cycle remains uneven in several end markets.

Investors have been rewarding foundry and specialty-node suppliers with clearer exposure to AI-adjacent infrastructure spending, including high-speed connectivity, radio-frequency content, and silicon photonics. GlobalFoundries’ commentary around tightening and longer-visibility demand in data-center-related segments is being treated as evidence of resilient, secular growth pockets that can support utilization and earnings power in the near term.