GlobalFoundries is expected to report Q2 2026 revenue of $1.76 billion and adjusted EPS of $0.44, while the stock currently trades near $50.05 against an average analyst price target of $74.13.
Investors are primarily focused on the company's non-IFRS gross margin performance as management targets a 30% exit rate by the end of the year.
The report follows a period of strategic transition, where double-digit growth in automotive and AI data center segments is being relied upon to offset a persistent slump in the smart mobile devices market. Recent developments, including a $300 million U.S. government award for silicon photonics and a multi-billion dollar partnership with Renesas, highlight the company's pivot toward high-performance computing infrastructure.