GlobalFoundries Posts $1.9B Q3 Revenue, Net Loss

The chipmaker reported third-quarter 2026 results and was selected to help build two new semiconductor fabs in Malta, New York.

Updated on Nov. 4, 2026 in Semiconductors

Wide photograph of a large windowless semiconductor plant with stacked ventilation stacks on flat land under an overcast sky, with a single access road leading toward it. — GlobalFoundries reported $1.9 billion in third-quarter revenue and a $270 million net loss, while being selected to run two new chip fabs in Malta, New York. AI Illustration. Upload story photo >

GlobalFoundries reported third-quarter 2026 revenue of $1.899 billion alongside a net loss of $270 million. The company also was selected as technology provider and operator for two new semiconductor fabs in Malta, New York.

Why it matters

The fab selection expands domestic U.S. semiconductor manufacturing capacity under a U.S.-Japan initiative tied to the CHIPS and Science Act. Its financial results reflect the cost and timing pressures facing chipmakers building new production capacity.

GlobalFoundries posted $1.899 billion in third-quarter 2026 revenue with a 30.1% gross margin and a $270 million net loss, ending with $3.2 billion in cash and marketable securities. Comparisons to prior periods were not included in the extraction, and the company's net loss includes a $441 million non-cash charge tied to a share issuance to the U.S. government.

The players

GlobalFoundries

A semiconductor foundry company that manufactures chips for other firms and operates facilities in the United States, Europe, and Asia.

TSMC

Taiwan Semiconductor Manufacturing Company, the world's largest contract chipmaker, which signed a $2 billion agreement with GlobalFoundries.

The details

GlobalFoundries was selected as technology provider and operator for two new fabs in Malta, New York, under a U.S.-Japan initiative with $21 billion in funding, and will be paid through management and technology fees. The company also entered a $2 billion manufacturing agreement with TSMC in October and reallocated $955 million in CHIPS Act incentives.

September 2026: GlobalFoundries issued 9.9 million ordinary shares to the U.S. government.
October 2026: The company was selected for the Malta fabs, amended its CHIPS award, and signed the TSMC agreement.
October 27, 2026: The board approved a $0.12 per share dividend.
January 14, 2027: The dividend is scheduled to be paid.

Big Picture

The company's $955 million in reallocated CHIPS and Science Act incentives shows how federal funding from that 2022 law is being redirected to domestic fab projects. The Malta selection extends that effort into new U.S. production capacity expected to come online in 2029.

Domestic chip capacity expansion may affect the supply of semiconductors used in consumer electronics and vehicles over the coming years. The company's dividend of $0.12 per share is payable January 14, 2027, to eligible shareholders.

The takeaway

Domestic fab projects tied to federal incentives are moving forward even as chipmakers report losses tied to transition costs. Readers tracking U.S. semiconductor supply should watch whether the 2029 capacity timeline holds.

What happens next

The Malta fabs are expected to come online with capacity in 2029, and TSMC silicon interposer volume production is expected to ramp in the first half of 2028.