GlobalFoundries (NASDAQ:GFS) Releases Q2 2026 Earnings Guidance

GlobalFoundries (NASDAQ:GFS) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.250-0.350 for the period, compared to the consensus estimate of 0.390. The company issued revenue guidance of -.

GlobalFoundries Stock Up 3.8%

GlobalFoundries stock traded up $2.56 during mid-day trading on Tuesday, hitting $70.31. 4,123,419 shares of the company’s stock were exchanged, compared to its average volume of 3,974,125. The company has a current ratio of 2.62, a quick ratio of 1.95 and a debt-to-equity ratio of 0.13. The stock has a market cap of $39.12 billion, a P/E ratio of 44.23, a P/E/G ratio of 2.56 and a beta of 1.71. GlobalFoundries has a 1-year low of $31.51 and a 1-year high of $72.70. The stock has a 50 day moving average of $48.71 and a two-hundred day moving average of $42.09.

GlobalFoundries (NASDAQ:GFS) last posted its earnings results on Tuesday, May 5th. The company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.34 earnings per share. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. As a group, analysts anticipate that GlobalFoundries will post 1.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on GFS shares. Robert W. Baird increased their target price on shares of GlobalFoundries from $40.00 to $60.00 and gave the stock an “outperform” rating in a research report on Thursday, February 12th. Needham & Company LLC increased their target price on shares of GlobalFoundries from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Thursday, February 12th. The Goldman Sachs Group increased their target price on shares of GlobalFoundries from $40.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 11th. Weiss Ratings raised shares of GlobalFoundries from a “sell (d)” rating to a “hold (c)” rating in a research report on Monday, March 2nd. Finally, UBS Group set a $50.00 target price on shares of GlobalFoundries in a research report on Thursday, February 12th. Seven investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, GlobalFoundries currently has an average rating of “Hold” and an average price target of $50.12.

Insider Activity

In other news, Director Glenda Dorchak sold 4,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $58.46, for a total value of $233,840.00. Following the sale, the director directly owned 18,867 shares of the company’s stock, valued at approximately $1,102,964.82. This trade represents a 17.49% 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 Samak L. Azar sold 500 shares of the firm’s stock in a transaction dated Thursday, April 30th. The shares were sold at an average price of $63.00, for a total value of $31,500.00. Following the completion of the sale, the insider directly owned 16,494 shares in the company, valued at approximately $1,039,122. This represents a 2.94% 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 ninety days, insiders have sold 15,200 shares of company stock valued at $801,067.

More GlobalFoundries News

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q1 results beat consensus: GFS reported $0.40 EPS vs. $0.35 expected and revenue roughly in line at ~$1.63B, showing modest year‑over‑year growth and improved margins — a core reason investors pushed the stock higher. Read More.
• Positive Sentiment: Company forecasts stronger Q2 revenue driven by accelerating data‑center deployments, suggesting demand tailwinds in higher‑margin customers (helps forward revenue visibility despite EPS guidance). Read More.
• Positive Sentiment: Cantor Fitzgerald upgraded the stock ahead of investor day, and the company introduced its SCALE™ optical module for co‑packaged optics targeting AI data centers — both fuel optimism on TAM expansion into AI infrastructure. Read More. Read More.
• Neutral Sentiment: Routine regulatory filings and slide decks were posted (Form 6‑K, press release and conference materials) — useful for detail but not market moving by themselves. Read More. Read More.
• Neutral Sentiment: Small insider sales were disclosed (pre‑arranged 10b5‑1 plans) — notable for transparency but not signaling management loss of confidence. Read More.
• Negative Sentiment: Q2 EPS guidance came in below consensus: management guided to $0.25–$0.35 vs. ~$0.39 street estimate, limiting upside and raising questions on margins/timing of customer ramps. Read More.
• Negative Sentiment: Wedbush reaffirmed a “neutral” rating with a $50 PT — a reminder some analysts see material downside from current levels and could cap further gains until guidance proves out. Read More.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors have recently added to or reduced their stakes in GFS. Atlas Capital Advisors Inc. acquired a new stake in GlobalFoundries during the fourth quarter worth about $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 grew its position in GlobalFoundries by 431.9% during the fourth 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 position in GlobalFoundries by 315.9% during the fourth 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 acquired a new stake in GlobalFoundries during the fourth 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.