GlobalFoundries reports Q1 2026 revenue of $1.63B with strong profitability and launches new optical module for AI data centers.

GlobalFoundries announced its Q1 2026 financial results with revenue of $1.634 billion and a gross margin of 27.6%. The company reported net income of $104 million and non-IFRS net income of $227 million, reflecting strong profitability despite a slight sequential revenue decline. Key business highlights include the launch of the SCALE optical module for co-packaged optics, aimed at enhancing AI data center connectivity, and an expanded partnership with Renesas Electronics to support automotive and industrial IoT applications. Looking ahead, GlobalFoundries expects continued growth driven by its advanced semiconductor technologies and strategic collaborations.