EarningsQ2 2026 Earnings Report
DE:76J Q2 2026 EPS Results
Actual EPS€0.41
Consensus EPS€0.38
Beat/MissBeat by +€0.02
One Year Ago EPS€0.37
DE:76J Q2 2026 Revenue Results
Actual Revenue€1.59B
Expected Revenue€1.57B
Beat/MissBeat by +€18.41M
YoY Revenue Growth+5.81%
Earnings Announcement Details
QuarterQ2 2026
Date08/05/2026
TimeBefore Open
Conference CallWednesday, August 5, 2026
DE:76J Upcoming Earnings
GlobalFoundries Inc's next earnings date is estimated for November 4, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:76J Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and strategic momentum: revenue, shipments, and margins beat guidance with notable breakout growth in communications infrastructure & data center (62% YoY) driven by silicon photonics and SiGe, plus strategic moves into quantum, IVR/power and IP/software that expand long‑term addressable markets. Financial position is healthy with $3.3B in liquidity, first dividend initiation and disciplined capital allocation. Near‑term headwinds include smart mobile decline (low‑teens expected for 2026), a sequentially weak automotive quarter due to shipment timing, elevated CapEx and R&D as the company invests to scale capacity and integrate acquisitions, and some dependency on expected government grants. Overall, the positives — strong margin expansion, robust design‑win momentum, accelerating data‑center demand, and strategic acquisitions — materially outweigh the headwinds, supporting an overall upbeat outlook.Company Guidance
Revenue Growth and Shipment Volume
Second quarter revenue $1.786B, up 9% sequentially and 6% year-over-year; shipped ~625,000 300-mm equivalent wafers, up 8% sequentially and 8% year-over-year.
Margin Expansion and Profitability
Gross profit $534M (29.9% gross margin), above the high end of guidance and up ~470 basis points year-over-year; operating profit $298M with a 16.7% operating margin (up ~140 bps YoY); diluted EPS $0.46 at the high end of guidance.
Strong Cash Position and Cash Flow
Cash, cash equivalents and marketable securities of ~$3.3B with total debt $1.1B and an undrawn $1B revolver; cash flow from operations $405M for the quarter.
Communications Infrastructure & Data Center Surge
Comms infrastructure and data center represented ~16% of revenue, increased 20% sequentially and 62% year-over-year; company now expects full-year 2026 growth for this end market of 50%–60% YoY (up from prior high‑30s guidance).
Silicon Photonics Momentum
Expect silicon photonics revenue within comms infra and data center to more than double in 2026 versus prior year; 7 new optical networking design wins in Q2, 7 active engagements on the SCALE platform, high-volume manufacturing of 200G-per-lane underway and 400G capability demonstrated.
SiGe Strength and Capacity Expansion
SiGe business is currently larger than silicon photonics, secured multiple new TIA and driver design wins, demand oversubscribed through 2027 and capacity being expanded (Vermont and qualifying 300-mm SiGe in Singapore).
Strategic Acquisitions and Technology Expansion
Completed acquisition of Synopsys ARC IP business (June) and closed acquihire of custom IVR team from Photon Technologies (July); expect technology services revenue contribution from MIPS + ARC of ~$100M–$120M in 2026 (up from prior $60M–$100M).
Quantum Technology Initiative and Government Support
Launched Quantum Technology Solutions team; working with 8 leading quantum players and initiated 4 customer-specific engagements in 3 months; anchored by an expected $375M U.S. Department of Commerce grant to accelerate quantum manufacturing capacity in the U.S.
Capital Allocation and Shareholder Returns
Paid first-ever quarterly cash dividend of $0.12 per share (July 14) and Board approved a $0.12 quarterly dividend payable Oct 9, 2026; ~$100M remains under the share repurchase authorization; objective to return up to 50% of trailing 12‑month adjusted FCF over time.
Forward Guidance and Continued Margin Improvement
Third-quarter revenue guidance $1.885B ± $25M; gross margin guidance ~30.5% ± 100 bps (implying ~450 bps YoY expansion at midpoint); Q3 diluted EPS guidance $0.51 ± $0.05; full-year adjusted FCF margin target ~10%.
DE:76J Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed