The semiconductor maker beat Wall Street estimates, reporting a 28.3% gross margin, $0.30 earnings per share and $3.3 billion in cash as AI-related demand supported results.
GlobalFoundries reported second-quarter revenue of $1.786 billion, topping Wall Street estimates as demand for AI semiconductor chips helped lift results. The company posted a 28.3% gross margin, earnings per share of $0.30 and cash holdings of $3.3 billion, pointing to solid financial health. The figures suggest AI-linked chip demand remains a meaningful support for semiconductor manufacturers even as investors watch margins, earnings power and liquidity for signs of durability.