GlobalFoundries also said it is oversubscribed for silicon-germanium capacity through 2027 and is expanding output at its Vermont facility. Nevertheless, GlobalFoundries maintained its expectation for low-double-digit automotive revenue growth for the full year, with greater weighting toward the fourth quarter. Franklin said handset forecasts have been reduced due to memory pricing and shortages, and GlobalFoundries now expects smart-mobile revenue to decline by a low-teens percentage rate in 2026. Third-Quarter Outlook and Capital ReturnsFor the third quarter, GlobalFoundries forecast revenue of $1.885 billion, plus or minus $25 million. GlobalFoundries ended the quarter with approximately $3.3 billion in cash equivalents and marketable securities and $1.1 billion in debt.