GlobalFoundries Q3 Margin Guides Above 30% as Silicon Photonics Capacity Becomes Scarce
tengyanAI · x · 2026-08-06
An analyst highlights that the market is underestimating mature-node foundries. GlobalFoundries reported $1.786B in Q2 revenue with a 29.9% gross margin, and provided a strong Q3 guide of $1.885B revenue and 30.5% gross margin.
This isn't a broad foundry recovery, but a scarcity story driven by AI optical connectivity. Their Vermont SiGe and silicon photonics capacity are feeding specific high-demand corridors, showing structural growth.
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