GlobalFoundries (NASDAQ:GFS) Issues Q3 2026 Earnings Guidance

GlobalFoundries (NASDAQ:GFS) updated its third quarter 2026 earnings guidance on Wednesday morning. The company provided 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.

Analyst Upgrades and Downgrades

GFS has been the topic of several research reports. Zacks Research raised GlobalFoundries from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating and set a $65.00 price target on shares of GlobalFoundries in a research note on Wednesday, May 6th. Wedbush reissued a “neutral” rating and set a $50.00 price target on shares of GlobalFoundries in a research report on Monday, May 4th. Arete Research set a $95.00 price objective on shares of GlobalFoundries in a report on Wednesday, June 10th. Finally, UBS Group upped their target price on shares of GlobalFoundries from $65.00 to $77.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $74.12.

GlobalFoundries Stock Up 4.0%

GFS opened at $52.02 on Wednesday. The business has a 50 day moving average price of $70.87 and a two-hundred day moving average price of $58.73. GlobalFoundries has a 52 week low of $31.51 and a 52 week high of $92.55. The company has a quick ratio of 1.87, a current ratio of 2.59 and a debt-to-equity ratio of 0.13. The company has a market cap of $28.54 billion, a PE ratio of 37.42, a P/E/G ratio of 1.77 and a beta of 1.80.

GlobalFoundries (NASDAQ:GFS) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.03. GlobalFoundries had a net margin of 11.40% and a return on equity of 6.85%. The business had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the firm posted $0.42 EPS. The business’s 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 year.

Insider Buying and Selling at GlobalFoundries

In other news, insider Michael James Hogan sold 2,800 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $75.17, for a total value of $210,476.00. Following the sale, the insider directly owned 6,695 shares in the company, valued at $503,263.15. This represents a 29.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 500 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $74.82, for a total transaction of $37,410.00. Following the completion of the transaction, the insider owned 15,494 shares in the company, valued at approximately $1,159,261.08. This trade represents a 3.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 19,450 shares of company stock worth $1,412,000.

Hedge Funds Weigh In On GlobalFoundries

Hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. acquired a new stake in shares of GlobalFoundries during the 4th quarter worth $35,000. Advisory Services Network LLC acquired a new stake in GlobalFoundries during the third quarter worth about $53,000. Caitong International Asset Management Co. Ltd lifted 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 valued at $62,000 after purchasing an additional 1,447 shares in the last quarter. Quarry LP lifted 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 valued at $65,000 after purchasing an additional 1,412 shares in the last quarter. Finally, Empowered Funds LLC purchased a new stake in shares of GlobalFoundries during the 4th quarter worth about $67,000.

About GlobalFoundries

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.