GlobalFoundries Drives Gross Margin Expansion: Can the Momentum Last?

GlobalFoundries reported strong Q2 2026 results with gross profit rising 24% to $505M and IFRS gross margin expanding to 28.3%. The company is benefiting from favorable business mix, manufacturing productivity gains, and strong demand in communications infrastructure and data centers, which surged 62% year-over-year. However, sustaining this momentum will require balancing profitability with investments in future growth and continued movement toward higher-value technologies.