GlobalFoundries projects higher revenue driven by data center chip demand
GlobalFoundries shares rose today after the firm forecast strong revenue. High global demand for AI chips and a new buyback program fueled the upbeat outlook.
Insights:
GLOBALFOUNDRIES Inc. announced on February 11, 2026, that its first-quarter revenue forecast has exceeded Wall Street expectations. In addition to the upbeat guidance, the company has authorized a $500 million share buyback program. This announcement follows a recent quarterly revenue and earnings beat, a combination of factors that has already affected the company's share price.
