GlobalFoundries (NASDAQ:GFS) Issues Q3 2026 Earnings Guidance

GlobalFoundries (NASDAQ:GFS) updated 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.

Analyst Upgrades and Downgrades

GFS has been the subject of a number of recent research reports. Morgan Stanley set a $57.00 price objective on shares of GlobalFoundries in a research note on Monday. Jefferies Financial Group reaffirmed a “hold” rating and set a $65.00 price objective on shares of GlobalFoundries in a research note on Wednesday, May 6th. Cantor Fitzgerald upgraded shares of GlobalFoundries from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $50.00 to $80.00 in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. Finally, Citigroup boosted their price target on GlobalFoundries from $49.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $74.12.

GlobalFoundries Stock Performance

Shares of GlobalFoundries stock traded down $2.48 during trading hours on Wednesday, reaching $49.53. The company’s stock had a trading volume of 4,879,840 shares, compared to its average volume of 4,306,717. GlobalFoundries has a one year low of $31.51 and a one year high of $92.55. The company’s 50 day simple moving average is $70.87 and its 200 day simple moving average is $58.73. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.87 and a current ratio of 2.59. The stock has a market cap of $27.18 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 1.77 and a beta of 1.80.

GlobalFoundries (NASDAQ:GFS) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. GlobalFoundries had a return on equity of 6.85% and a net margin of 11.40%.The firm had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, analysts expect that GlobalFoundries will post 1.38 EPS for the current fiscal year.

Insider Buying and Selling at GlobalFoundries

In other news, insider Michael James Hogan sold 500 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $70.90, for a total value of $35,450.00. Following the completion of the transaction, the insider owned 795 shares in the company, valued at approximately $56,365.50. This represents a 38.61% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Samak L. Azar sold 335 shares of GlobalFoundries stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $77.36, for a total transaction of $25,915.60. Following the sale, the insider owned 13,149 shares in the company, valued at approximately $1,017,206.64. This trade represents a 2.48% 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. Insiders have sold 19,450 shares of company stock valued at $1,412,000 in the last 90 days.

GlobalFoundries News Roundup

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: GlobalFoundries reported second-quarter revenue of $1.79 billion, up 5.8% year over year and above the $1.77 billion consensus estimate. Adjusted earnings of $0.46 per share also exceeded analyst expectations of approximately $0.43–$0.44. GlobalFoundries Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management and media reports pointed to growing demand for chips used in data centers, supporting the company’s AI infrastructure opportunity. Silicon photonics and other specialty semiconductor platforms remain important longer-term growth areas. GlobalFoundries tops second quarter estimates on AI chip demand
• Neutral Sentiment: GlobalFoundries guided for third-quarter adjusted EPS of $0.46–$0.56, compared with the roughly $0.47 consensus estimate, and revenue of about $1.9 billion, broadly in line with expectations. The guidance indicates continued growth but may not have provided a significant upside surprise. GlobalFoundries Q2 2026 Earnings Call Transcript
• Negative Sentiment: The stock’s decline despite the earnings beat suggests investors may have expected stronger results or guidance after prior optimism surrounding AI demand, data-center deployments and silicon photonics. The reaction appears to reflect profit-taking and a high performance bar rather than an outright earnings miss. GlobalFoundries Falls as Investors Digest Q2 Earnings-Day Update
• Negative Sentiment: Reported insider activity has been heavily weighted toward selling over the past six months—35 sales versus one purchase—which could reinforce investor caution, although these transactions are not necessarily tied to the earnings release.

Institutional Investors Weigh In On GlobalFoundries

Several institutional investors and hedge funds have recently made changes to their positions in GFS. Royal Bank of Canada boosted its position in GlobalFoundries by 4.4% in the first quarter. Royal Bank of Canada now owns 15,583 shares of the company’s stock valued at $575,000 after buying an additional 660 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of GlobalFoundries by 77.6% in the 1st quarter. AQR Capital Management LLC now owns 102,048 shares of the company’s stock worth $3,679,000 after acquiring an additional 44,599 shares in the last quarter. Jones Financial Companies Lllp grew its position in GlobalFoundries by 7,120.1% during the 1st quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company’s stock worth $450,000 after acquiring an additional 12,033 shares during the last quarter. American Century Companies Inc. increased its holdings in GlobalFoundries by 3.4% during the 2nd quarter. American Century Companies Inc. now owns 27,606 shares of the company’s stock valued at $1,055,000 after purchasing an additional 903 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in GlobalFoundries in the second quarter worth $269,000.

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.