Recent Updates — GFS
GLOBALFOUNDRIES reported a net loss attributable to shareholders of $271 million, or $0.49 per diluted share, for the third quarter ended September 30, 2026, compared to net income of $248 million in the prior-year period. Net revenue increased 12% year-over-year to $1.899 billion, driven by a 12.5% rise in manufacturing services revenue. Operating expenses rose significantly due to higher research and development costs. For the nine-month period, the company reported a negligible net income of $1 million against $5.32 billion in revenue. The firm resumed its capital return program with $500 million in share repurchases during the first three quarters of 2026. GLOBALFOUNDRIES operates as a pure-play semiconductor foundry providing manufacturing and technology services.
GlobalFoundries reported third-quarter revenue of $1.899 billion and a non-IFRS net income of $298 million, driven by record growth in Communications Infrastructure and Data Center markets. The company also announced a quarterly cash dividend of $0.12 per share, payable on January 14, 2027 to shareholders of record as of December 22, 2026. Additionally, GF secured up to $21 billion in funding for new U.S. semiconductor fabs and amended its CHIPS Act award by reallocating $955 million toward advanced manufacturing investments. GlobalFoundries operates as a leading semiconductor foundry specializing in differentiated process technologies.
GlobalFoundries has been selected as the technology provider and operator for two new semiconductor manufacturing facilities at its Malta, New York site. The project is backed by a landmark U.S.-Japan initiative providing up to $21 billion in funding, enabled by President Trump's trade agreement with Japan. An initial investment of approximately $10 billion will accelerate construction of a new 300mm fab expected to come online in 2029, adding about 900,000 wafers of annual capacity. A second fab would receive an additional $10 billion and add similar capacity. The initiative is expected to create approximately 27,000 construction jobs and over 1,000 high-skilled manufacturing positions in New York's Capital Region. Additionally, GlobalFoundries agreed with the U.S. Department of Commerce to reallocate $955 million from its existing CHIPS Act award toward silicon photonics and advanced packaging investments, while granting the Commerce Department approximately four percent equity in the company.
On September 3, 2026, GlobalFoundries entered into a Securities Issuance Agreement with the U.S. Department of Commerce to issue 9,907,399 ordinary shares at $37.85 per share. The agreement includes transfer restrictions prohibiting sales to competitors and voting limitations for government-owned shares. This transaction represents a significant equity issuance involving strategic government investment.
On August 21, 2026, GlobalFoundries entered into a new senior unsecured revolving credit agreement with an aggregate commitment of $1.5 billion, maturing on August 21, 2031, with options for two one-year extensions. The facility allows borrowings in U.S. Dollars or Euros and is guaranteed by the parent company to support general corporate purposes. Concurrently, GlobalFoundries terminated its existing revolving credit agreement dated October 18, 2019, which had a $1 billion commitment and was set to mature on October 13, 2026; no amounts were outstanding under the prior facility at termination. The new agreement imposes a maximum consolidated leverage ratio of 4.00 to 1.00. GlobalFoundries operates in the semiconductor industry, specializing in the design and manufacturing of integrated circuits.