Sravan Kundojjala(@SKundojjala):GlobalFoundries 1Q26 - Revenue down -11% q/q and up +3% y/y to $1.63B at 29% GM; QJun revenue to grow 8% q/q; 1H26 tracking 4% y/y - Except for smartphones, all other end markets up y/y - 15-20% capex intensity in ‘26 vs 8% in '25 - SiPh will double in '26, a key driver - Auto likely grow double-digit % in '26 - Exited FY25 with 85% utilization and from here it should pick up

Sravan Kundojjala

@SKundojjala

Semiconductors, Analyst @SemiAnalysis_ No investment advice. Opinions are mine only.

Joined September 2011

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Sravan Kundojjala@SKundojjala

2026.05.05 12:25

GlobalFoundries 1Q26 - Revenue down -11% q/q and up +3% y/y to $1.63B at 29% GM; QJun revenue to grow 8% q/q; 1H26 tracking 4% y/y - Except for smartphones, all other end markets up y/y - 15-20% capex intensity in ‘26 vs 8% in '25 - SiPh will double in '26, a key driver - Auto likely grow double-digit % in '26 - Exited FY25 with 85% utilization and from here it should pick up