GlobalFoundries (NASDAQ:GFS – Get Free Report) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.460-0.560 for the period, compared to the consensus estimate of 0.470. The company issued revenue guidance of $1.9 billion-$1.9 billion, compared to the consensus revenue estimate of $1.9 billion.
GlobalFoundries Price Performance
Shares of NASDAQ GFS traded up $0.66 during midday trading on Thursday, reaching $50.12. The stock had a trading volume of 3,665,307 shares, compared to its average volume of 4,325,353. The company has a market capitalization of $27.50 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 1.84 and a beta of 1.80. GlobalFoundries has a 12-month low of $31.51 and a 12-month high of $92.55. The stock has a 50-day moving average of $70.24 and a 200-day moving average of $58.78. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59.
GlobalFoundries (NASDAQ:GFS – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.03. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The company had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. GlobalFoundries’s quarterly revenue was up 5.8% compared to the same quarter last year. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, research analysts anticipate that GlobalFoundries will post 1.38 EPS for the current fiscal year.
GlobalFoundries Announces Dividend
Wall Street Analyst Weigh In
Several analysts recently issued reports on the company. Loop Capital set a $80.00 target price on GlobalFoundries in a research report on Monday, May 4th. Wedbush reissued a “neutral” rating and issued a $50.00 price target on shares of GlobalFoundries in a report on Monday, May 4th. Susquehanna upped their price target on GlobalFoundries to $125.00 and gave the stock a “positive” rating in a research note on Monday, May 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a report on Friday, May 29th. Finally, Citigroup lifted their price objective on shares of GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $75.12.
Get Our Latest Research Report on GFS
Insider Activity
In other news, insider Samak L. Azar sold 500 shares of GlobalFoundries stock in a transaction dated Thursday, May 14th. The stock was sold at an average price of $74.82, for a total value of $37,410.00. Following the sale, the insider directly owned 15,494 shares of the company’s stock, valued at approximately $1,159,261.08. The trade was a 3.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,800 shares of the business’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $82.88, for a total value of $232,064.00. Following the completion of the sale, the insider owned 9,645 shares in the company, valued at $799,377.60. This represents a 22.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 18,950 shares of company stock worth $1,375,905 over the last 90 days.
Trending Headlines about GlobalFoundries
Here are the key news stories impacting GlobalFoundries this week:
- Positive Sentiment: Q2 results beat expectations: GlobalFoundries reported adjusted EPS of $0.46 versus the consensus estimate of $0.43-$0.44, while revenue of $1.79 billion exceeded expectations of approximately $1.77 billion. Revenue rose 5.8% year over year, supported by stronger demand for data-center chips. GlobalFoundries tops second quarter estimates on AI chip demand
- Positive Sentiment: AI and optical opportunities are gaining momentum: Management raised its 2026 data-center outlook, citing surging optical demand, a richer product mix that should support margins, and new intellectual property that expands the company’s potential exposure to AI infrastructure. Executives characterized the AI data-center business as still being in its early stages. GlobalFoundries Q2 Earnings Call Highlights AI Data Center Momentum
- Positive Sentiment: Dividend reinforces shareholder returns: The company declared a quarterly dividend of $0.12 per share, payable October 9 to shareholders of record September 23. The dividend represents an annualized yield of about 1.0%.
- Neutral Sentiment: Third-quarter outlook was broadly in line: GlobalFoundries forecast EPS of $0.46-$0.56 and revenue of approximately $1.9 billion. The midpoint of the EPS range is below some expectations, although the revenue outlook is generally consistent with consensus.
- Negative Sentiment: Analyst downgrade may limit enthusiasm: Zacks Research lowered its rating on GFS from “Strong Buy” to “Hold,” potentially reflecting the stock’s elevated valuation and the possibility that significant AI-related optimism was already priced in.
- Negative Sentiment: Insider selling is a cautionary signal: Reported insider activity over the past six months showed substantially more selling than buying, though these transactions may reflect personal diversification rather than a change in the company’s outlook.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Atlas Capital Advisors Inc. bought a new stake in GlobalFoundries in the fourth quarter worth $35,000. Advisory Services Network LLC bought a new position in GlobalFoundries during the third quarter valued at $53,000. Caitong International Asset Management Co. Ltd grew its stake in shares of GlobalFoundries by 431.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,782 shares of the company’s stock worth $62,000 after buying an additional 1,447 shares in the last quarter. Quarry LP grew its stake in shares of GlobalFoundries by 315.9% in the 4th quarter. Quarry LP now owns 1,859 shares of the company’s stock worth $65,000 after buying an additional 1,412 shares in the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of GlobalFoundries in the 4th quarter worth about $67,000.
GlobalFoundries Company Profile
GlobalFoundries, Inc (NASDAQ: GFS) is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.
GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.
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