GlobalFoundries (GF) H1F Revenue Outlook Tops Estimates, Announces $500M Share Buyback

GlobalFoundries (GF) reported first-quarter revenue guidance of $1.63B, exceeding estimates of $1.61B, and announced a $500M share repurchase program, sending its shares up over 7% in premarket trading. The company is受益 from strong data center AI infrastructure demand, with silicon photonics revenue nearly doubling to over $200M, up from $200M in the prior year, following its Nov 2024 acquisition of Advanced Micro Foundry. Fourth-quarter revenue was $1.83B, beating estimates of $1.80B; adjusted EPS was 55¢ vs. 47¢. GF expects adjusted EPS of 35¢ for Q1, slightly above analyst estimates.