GlobalFoundries revenue rises 13% as data center demand offsets mobile decline

DIGITIMESNovember 4, 2026en

GlobalFoundries' third quarter showed the contract chipmaker's revenue base shifting from smartphones to AI-related networking, and that shift is now boosting profitability. Revenue rose 13% from a year earlier to US$1.9 billion for the three months ended September 30, according to the company's November 4 earnings release, while IFRS gross margin widened to 30.1%.

This is a short summary published by AI Global Wire. The full article is owned and hosted by DIGITIMES — open it there to read it in full.