GlobalFoundries expects strong quarterly revenue on chips demand from data centers

Screen displays the company logo for semiconductor and chipmaker, GlobalFoundries Inc. during the company’s IPO at the Nasdaq MarketSite in Times Square in New York · Reuters

Reuters

Wed, February 11, 2026 at 9:44 PM GMT+9 1 min read

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Feb 11 (Reuters) - GlobalFoundries forecast first-quarter revenue above Wall Street expectations on Wednesday, bolstered ‌by strong demand for its chips, and ‌announced a $500 million share buyback program, sending its shares up ​over 7% in premarket trading.

GlobalFoundries has been increasingly shifting to cater to the high-growth artificial intelligence infrastructure sector, making specialized chips that allow data ‌centers to transfer ⁠data between each other at high speeds.

In November, the company bought Advanced Micro ⁠Foundry, a Singapore-based chipmaker that focuses on silicon photonics, a technology that uses pulses of light ​to transmit ​data.

GlobalFoundries said it ​doubled silicon photonics revenue ‌to over $200 million last year, and expects it to nearly double again this year.

GlobalFoundries forecast first-quarter revenue of $1.63 billion, plus or minus $25 million, compared with estimates of $1.61 billion, according to data compiled ‌by LSEG.

It expects adjusted ​earnings per share of 35 ​cents, plus or ​minus 5 cents, while analysts expect ‌34 cents.

Revenue for the fourth ​quarter came ​in at $1.83 billion, beating estimates of $1.80 billion.

On an adjusted basis, the company earned 55 cents ​per share, ‌compared with estimates of a profit of ​47 cents.

(Reporting by Zaheer Kachwala in Bengaluru; ​Editing by Sahal Muhammed)

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