GlobalFoundries Sees Q2 Revenue at $1.76B, Adjusted EPS of $0.43
GlobalFoundries forecast Q2 revenue of $1.76 billion (±$25 million) and adjusted EPS of $0.43 (±$0.05), topping analyst revenue estimates of $1.74 billion and EPS forecasts of $0.40. In Q1 the company generated $1.634 billion in revenue, 29.0% non-IFRS gross margin and $561 million EBITDA, driven by RF and silicon photonics demand.
1. Q1 Financial Results
GlobalFoundries reported Q1 revenue of $1.634 billion with a 27.6% IFRS gross margin and 29.0% non-IFRS gross margin. Net income was $104 million (IFRS) and $227 million (non-IFRS), with adjusted EBITDA of $561 million and $542 million in operating cash flow.
2. Upbeat Q2 Guidance
For the quarter ending in June, the company forecasts revenue of $1.76 billion ± $25 million and adjusted EPS of $0.43 ± $0.05, exceeding analyst targets of $1.74 billion and $0.40, with non-IFRS operating margin guidance around 15.7% ± 1.8%.
3. Growth Drivers
GlobalFoundries attributes its performance to niche markets including radio-frequency chips and silicon photonics for AI data centers and quantum computing, areas where its SCALE CPO optical module and eMRAM technologies are gaining traction.
4. Market Reaction
Following the guidance announcement, shares rose approximately 6% in premarket trading, reflecting investor confidence in the company’s differentiated technology and robust data center deployment pipeline.