Jun 2026 (Q2 FY26) — Aug 5, 2026
GLOBALFOUNDRIES Q2 FY26 — Record CID Growth and Margin Expansion
Read the full callGLOBALFOUNDRIES (GFS) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
GLOBALFOUNDRIES earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
41 of 42 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Exit/full-year gross margin target | at/above 30% | Dec 2025 | we delivered on our expectation to reach approximately 30% gross margin. well before the end of 2026. | Achieved |
| FY communications infrastructure & data center revenue growth | over 30% year-on-year revenue growth | Dec 2025 | we now expect to achieve full year 2026 revenue growth in the range of 50% to 60% for our communications infrastructure and data center end market, up from our prior expectations of high 30s percentage year-over-year growth | Revised Up |
| Capital return policy (dividends + buybacks) | up to 50% of trailing 12-month non-IFRS adjusted free cash flow after investments | Jun 2026 | our objective is to return up to 50% of trailing 12-month non-IFRS adjusted free cash flow after investments through a combination of dividends and share repurchases over time | New |
1 of GLOBALFOUNDRIES Inc.'s 61 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 58 more targets are in the full ledger.
Claimed
- Revenue reached $1.786 billion, up 9% sequentially and 6% year-over-year.
- Non-IFRS gross margin was 29.9%, a 470 basis point increase year-over-year, exceeding guidance and reaching the 30% target ahead of schedule.
- Communications Infrastructure & Data Center (CID) revenue grew 62% year-over-year, marking the fastest quarterly YoY growth since 2022.
- Secured 7 new optical networking design wins in Q2, with silicon photonics revenue expected to more than double in 2026.
- Home Industrial IoT revenue increased 30% sequentially and 10% year-over-year, with full-year growth guidance raised to 10-15%.
Qualified
- Smart Mobile devices revenue decreased 6% year-over-year and is expected to decline by a low teens percentage YoY in 2026 due to memory pricing and shortages.
- Automotive revenue decreased 13% sequentially and 10% year-over-year in Q2, primarily driven by customer-led shipment timings.
Price
$46.11 −1.22% · −$0.57
Performance +33.3% 1Y
1Y: $34.59 on 17 Oct 2025 → $46.11. High $89.96 (26 May 2026), low $32.24 (20 Nov 2025).
- Previous close
- $46.68
- 52-week range
- $32.24 – $89.96
- One year
- +29.63%
Overview
- Symbol
- GFS
- Sector
- Information Technology
- Industry
- Semiconductors & Related Devices
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
41 of 42 judged targets kept · 19 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Exit/full-year gross margin target | at/above 30% | Dec 2025 | we delivered on our expectation to reach approximately 30% gross margin. well before the end of 2026. | Achieved |
| FY communications infrastructure & data center revenue growth | over 30% year-on-year revenue growth | Dec 2025 | we now expect to achieve full year 2026 revenue growth in the range of 50% to 60% for our communications infrastructure and data center end market, up from our prior expectations of high 30s percentage year-over-year growth | Revised Up |
| Capital return policy (dividends + buybacks) | up to 50% of trailing 12-month non-IFRS adjusted free cash flow after investments | Jun 2026 | our objective is to return up to 50% of trailing 12-month non-IFRS adjusted free cash flow after investments through a combination of dividends and share repurchases over time | New |
Claimed
- Revenue reached $1.786 billion, up 9% sequentially and 6% year-over-year.
- Non-IFRS gross margin was 29.9%, a 470 basis point increase year-over-year, exceeding guidance and reaching the 30% target ahead of schedule.
- Communications Infrastructure & Data Center (CID) revenue grew 62% year-over-year, marking the fastest quarterly YoY growth since 2022.
- Secured 7 new optical networking design wins in Q2, with silicon photonics revenue expected to more than double in 2026.
- Home Industrial IoT revenue increased 30% sequentially and 10% year-over-year, with full-year growth guidance raised to 10-15%.
Qualified
- Smart Mobile devices revenue decreased 6% year-over-year and is expected to decline by a low teens percentage YoY in 2026 due to memory pricing and shortages.
- Automotive revenue decreased 13% sequentially and 10% year-over-year in Q2, primarily driven by customer-led shipment timings.
The full ledger
Open GLOBALFOUNDRIES Inc.’s full ledger
A free account opens 5 company ledgers a month. All 61 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
GLOBALFOUNDRIES Q1 FY26 — Strong Profitability & Optical Networking Leadership
Read the full callDec 2025 (Q4 FY25) — Feb 11, 2026
GlobalFoundries Q4 FY25 — Strong Performance Driven by AI and Onshoring Megatrends
Read the full callEvery analysed call
GLOBALFOUNDRIES earnings calls (GFS)
Financials
What the filings say
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Total liabilities | — | 5,080 | 6,995 | 7,881 | 6,893 | 5,975 | 5,158 |
| Fixed assets | — | 8,226 | 8,713 | 10,596 | 9,829 | 7,762 | 7,223 |
| Total assets | — | 12,322 | 15,028 | 17,841 | 18,044 | 16,799 | 17,141 |
| Line item | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Cash from operations | 497 | 1,004 | 2,839 | 2,624 | 2,125 | 1,722 | 1,731 |
| Cash from investing | 344 | -366 | -1,450 | -4,058 | -1,882 | -1,125 | -1,274 |
| Cash from financing | -684 | -733 | 650 | 842 | -212 | -785 | -845 |
| Net cash flow | 153 | -89 | 2,031 | -587 | 35 | -195 | -383 |
| Capital expenditure | -588 | -592 | -1,767 | -3,059 | -1,804 | -625 | -722 |
| Free cash flow | -91 | 412 | 1,072 | -435 | 321 | 1,097 | 1,009 |
GFS operating KPIs by quarter
| KPI | Dec 2024 Q4 FY24 | Jun 2025 Q2 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Employees | 13KThe focus and determination from our 13,000 employees around the globe give me confidence GF can accelerate its performance as we return to growth in 2025.Source: earnings call transcript | 13KIn conclusion, I want to thank our 13,000 strong employees around the world for their focus on technology differentiation, manufacturing excellence and driving the momentum with our customers, as we continue to execute to our long-term strategy and lay the foundations for a strong future.Source: earnings call transcript | — | 0% |
| Wafer shipments | ~595KWe shipped approximately 595,000 300-millimeter equivalent wafers in the quarter, an 8% increase from the prior year period.Source: earnings call transcript | ~581KWe shipped approximately 581,000 300-millimeter equivalent wafers in the quarter, up 7% sequentially and up 12% from the prior year period.Source: earnings call transcript | ~625KWe shipped approximately $625,000, a 300-millimeter equivalent wafers in the quarter, up 8% sequentially and 8% from the prior year period.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
86 filings between Mar 18, 2026 and Oct 15, 2026.
Open market
decisions to buy or sellPurchases
$767
1 purchase by 1 insider
Sales
$3.82M
49 sales by 5 insiders
98% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 13
- Award — granted as compensation
- 13
- Tax withheld — shares kept back by the company to cover tax
Also filed: 10 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hogan Michael James | $767 | $1.56M | Jul 22, 2026 |
| Azar Samak L | — | $690.5K | Oct 15, 2026 |
| Vicari Samuel | — | $657.3K | May 11, 2026 |
| Dorchak Glenda | — | $466.7K | Jul 20, 2026 |
| Raman Pradheepa | — | $450.3K | Sep 28, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 15, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $15.7K |
| Oct 8, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $16.4K |
| Oct 2, 2026 | Franklin Sam Chief Financial Officer | Tax withheld | 106 | $5.3K |
| Oct 1, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $16.1K |
| Sep 28, 2026 | Raman Pradheepa Chief People Officer | Sale 10b5-1 plan | 2,145 | $104.7K |
| Sep 25, 2026 | Raman Pradheepa Chief People Officer | Tax withheld 10b5-1 plan | 2,222 | $108.9K |
| Sep 24, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $15.3K |
| Sep 17, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $15.0K |
| Sep 10, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $15.0K |
| Sep 8, 2026 | Languille Camilla Director | Tax withheld | 1,571 | $71.0K |
| Sep 3, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $14.5K |
| Aug 27, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $15.7K |
| Aug 20, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $16.2K |
| Aug 18, 2026 | Raman Pradheepa Chief People Officer | Sale 10b5-1 plan | 6,760 | $345.6K |
| Aug 13, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $17.6K |
| Aug 6, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $16.2K |
| Jul 31, 2026 | Pedersen Gregory Johnson Chief Accounting Officer | Tax withheld | 761 | $38.0K |
| Jul 31, 2026 | Pedersen Gregory Johnson Chief Accounting Officer | Tax withheld | 1,268 | $63.3K |
| Jul 30, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $16.4K |
| Jul 29, 2026 | Antaki Marc Director | Tax withheld | 1,671 | $81.9K |
| Jul 29, 2026 | Languille Camilla Director | Tax withheld | 1,671 | $81.9K |
| Jul 29, 2026 | OBEID CARLOS ANTOINE Director | Tax withheld | 1,671 | $81.9K |
| Jul 28, 2026 | Antaki Marc Director | Tax withheld | 483 | $25.7K |
| Jul 28, 2026 | OBEID CARLOS ANTOINE Director | Award | 1,431 | $0 |
| Jul 28, 2026 | OBEID CARLOS ANTOINE Director | Tax withheld | 430 | $22.9K |
| Jul 28, 2026 | Dorchak Glenda Director | Award | 3,291 | $0 |
| Jul 28, 2026 | Halawa Samer Director | Award | 3,291 | $0 |
| Jul 28, 2026 | Antaki Marc Director | Award | 3,291 | $0 |
| Jul 28, 2026 | Antaki Marc Director | Award | 1,610 | $0 |
| Jul 28, 2026 | LAZAR JACK R Director | Award | 3,291 | $0 |
| Jul 28, 2026 | OBEID CARLOS ANTOINE Director | Award | 3,291 | $0 |
| Jul 28, 2026 | KERKO DAVID M Director | Award | 3,291 | $0 |
| Jul 28, 2026 | MOORTHY GANESH Director | Award | 3,291 | $0 |
| Jul 28, 2026 | Languille Camilla Director | Award | 3,291 | $0 |
| Jul 28, 2026 | Yerramilli - Rao Bobby Satyadev Director | Award | 3,291 | $0 |
| Jul 28, 2026 | Yerramilli - Rao Bobby Satyadev Director | Award | 1,861 | $0 |
| Jul 23, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $19.1K |
| Jul 22, 2026 | Hogan Michael James Chief Strategy Officer | Sale 10b5-1 plan | 707 | $40.9K |
| Jul 22, 2026 | Hogan Michael James Chief Strategy Officer | Gift 10b5-1 plan | 100 | $0 |
| Jul 20, 2026 | Dorchak Glenda Director | Sale 10b5-1 plan | 4,000 | $232.9K |
| Jul 16, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $19.8K |
| Jul 15, 2026 | Hogan Michael James Chief Strategy Officer | Purchase | 12 | $767 |
| Jul 9, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $23.8K |
| Jul 9, 2026 | Hogan Michael James Chief Strategy Officer | Sale 10b5-1 plan | 500 | $35.5K |
| Jul 8, 2026 | Hogan Michael James Chief Strategy Officer | Gift 10b5-1 plan | 100 | $0 |
| Jul 8, 2026 | Hogan Michael James Chief Strategy Officer | Sale 10b5-1 plan | 2,200 | $145.0K |
| Jul 2, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $25.9K |
| Jun 25, 2026 | Azar Samak L Chief Legal Officer | Sale 10b5-1 plan | 335 | $29.2K |
| Jun 24, 2026 | Hogan Michael James Chief Strategy Officer | Gift 10b5-1 plan | 150 | $0 |
| Jun 24, 2026 | Hogan Michael James Chief Strategy Officer | Sale 10b5-1 plan | 2,800 | $233.9K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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