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Benzinga
Benzinga
Business
Anusuya Lahiri

GlobalFoundries' 2026 Hopes Are 'Too Optimistic,' Analyst Says

GlobalFoundries GFS GLOBALFOUNDRIES Inc Harlan Sur
Global Foundries, Inc.

GlobalFoundries Inc (NASDAQ:GFS) delivered steady September-quarter results and issued upbeat guidance for the December quarter, underscoring continued progress in its diversification and margin expansion strategy.

The company is seeing strong momentum in automotive and data center demand, with silicon photonics and satellite communications driving growth even as broader market recovery remains gradual.

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