Key Points – Strong quarterly performance: GlobalFoundries reported Q2 fiscal 2026 revenue of $1.786 billion, up 9% sequentially and 6% year over year, while non-IFRS gross margin expanded to 29.9%. – Data-center growth outlook raised: Communications infrastructure and…
ta-center revenue jumped 62% year over year, driven by silicon photonics and silicon-germanium demand. The company now expects this segment to grow 50%–60% in 2026, with silicon photonics revenue more than doubling. – Mixed end markets and positive guidance: Automotive and smart-mobile revenue weakened, but home and industrial IoT improved; GlobalFoundries raised its IoT outlook and expects Q3 revenue of $1.885 billion, with EPS of $0.51 plus or minus $0.05. – Micron’s $250 Billion Bet Could Reshape the AI Memory Race GlobalFoundries (NASDAQ:GFS) reported second-quarter fiscal 2026 revenue of $1.786 billion, up 9% sequentially and 6% from a year earlier, as demand for communications infrastructure and data-center applications helped drive growth and margin expansion
Chief Executive Officer Tim Breen said revenue and non-IFRS profitability measures were at or above the high end of the company’s guidance ranges. The company shipped about 625,000 300-millimeter equivalent wafers, up 8% both sequentially and year over year. – Quantum Computing’s Commercial Breakout Has Arrived Manufacturing services represented about 89% of quarterly revenue, while technology services—including IP, licensing, software, reticles, non-recurring engineering and other items—accounted for about 11%. Margins Expand as Data-Center Demand Accelerates Chief Financial Officer Sam Franklin said GlobalFoundries generated gross profit of $534 million, translating to a non-IFRS gross margin of about 29.9%, an increase of 470 basis points from the prior-year period.
The company attributed the improvement to a richer revenue mix, manufacturing cost improvements and higher utilization. – Quantum Stocks Just Got a Lifeline—Who Benefits…