GlobalFoundries (NASDAQ:GFS) Issues Q3 2026 Earnings Guidance

GlobalFoundries (NASDAQ:GFS) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.460-0.560 for the period, compared to the consensus earnings per share 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.

Wall Street Analysts Forecast Growth

GFS has been the topic of several research reports. Jefferies Financial Group set a $60.00 price objective on GlobalFoundries in a research report on Wednesday. Wedbush reissued a “neutral” rating and issued a $50.00 target price on shares of GlobalFoundries in a research report on Monday, May 4th. Loop Capital set a $80.00 target price on GlobalFoundries in a research note on Monday, May 4th. Weiss Ratings restated a “hold (c)” rating on shares of GlobalFoundries in a research report on Friday, May 29th. Finally, Arete Research set a $95.00 price objective on GlobalFoundries in a report on Wednesday, June 10th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $75.12.

GlobalFoundries Stock Up 5.9%

GlobalFoundries stock traded up $2.97 during mid-day trading on Friday, hitting $53.33. The company had a trading volume of 2,486,929 shares, compared to its average volume of 4,320,520. GlobalFoundries has a 12 month low of $31.51 and a 12 month high of $92.55. The company has a market capitalization of $29.26 billion, a PE ratio of 41.70, a price-to-earnings-growth ratio of 1.75 and a beta of 1.80. The stock’s 50 day moving average price is $69.63 and its two-hundred day moving average price is $58.85. The company has a current ratio of 2.59, a quick ratio of 1.87 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.03. The firm had revenue of $1.79 billion during the quarter, compared to the consensus estimate of $1.77 billion. GlobalFoundries had a return on equity of 6.70% and a net margin of 10.36%.The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. As a group, sell-side analysts anticipate that GlobalFoundries will post 1.38 earnings per share for the current fiscal year.

GlobalFoundries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Wednesday, September 23rd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, September 23rd. This represents a $0.48 annualized dividend and a yield of 0.9%. GlobalFoundries’s payout ratio is 37.50%.

Insider Transactions at GlobalFoundries

In related news, Director Glenda Dorchak sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $58.22, for a total value of $232,880.00. Following the completion of the transaction, the director directly owned 14,867 shares in the company, valued at $865,556.74. The trade was a 21.20% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 that occurred on Thursday, May 14th. The shares were sold at an average price of $74.82, for a total value of $37,410.00. Following the completion of the transaction, the insider directly owned 15,494 shares in the company, valued at $1,159,261.08. This trade represents a 3.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 18,950 shares of company stock worth $1,375,905.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of GFS. Atlas Capital Advisors Inc. purchased a new position in GlobalFoundries in the 4th quarter worth about $35,000. Advisory Services Network LLC purchased a new stake in shares of GlobalFoundries during the 3rd quarter valued at about $53,000. Caitong International Asset Management Co. Ltd grew its stake in shares of GlobalFoundries by 431.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,782 shares of the company’s stock worth $62,000 after acquiring an additional 1,447 shares during the period. Quarry LP grew its stake in shares of GlobalFoundries by 315.9% in the fourth quarter. Quarry LP now owns 1,859 shares of the company’s stock worth $65,000 after acquiring an additional 1,412 shares during the period. Finally, Empowered Funds LLC purchased a new position in shares of GlobalFoundries during the fourth quarter valued at approximately $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.