GlobalFoundries (NASDAQ:GFS) Updates Q2 2026 Earnings Guidance

06 May 2026, 11:56 by Renee Jackson · The Cerbat Gem

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

GlobalFoundries Stock Performance

Shares of NASDAQ GFS traded down $2.89 during midday trading on Wednesday, hitting $71.15. The company’s stock had a trading volume of 2,847,392 shares, compared to its average volume of 4,017,100. The stock has a fifty day moving average price of $49.26 and a 200 day moving average price of $42.36. GlobalFoundries has a one year low of $31.51 and a one year high of $75.53. 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 firm has a market capitalization of $39.59 billion, a price-to-earnings ratio of 44.75, a P/E/G ratio of 2.67 and a beta of 1.71.

GlobalFoundries (NASDAQ:GFS – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. GlobalFoundries had a net margin of 13.05% and a return on equity of 6.86%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.63 billion. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, research analysts forecast that GlobalFoundries will post 1.37 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on GFS. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $70.00 target price on shares of GlobalFoundries in a report on Tuesday. Jefferies Financial Group reaffirmed a “hold” rating on shares of GlobalFoundries in a report on Wednesday. Dbs Bank lowered shares of GlobalFoundries from a “moderate buy” rating to a “hold” rating in a report on Friday, February 13th. Needham & Company LLC upped their target price on shares of GlobalFoundries from $55.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Citigroup reaffirmed a “neutral” rating on shares of GlobalFoundries in a report on Wednesday. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.59.

Check Out Our Latest Research Report on GlobalFoundries

Insiders Place Their Bets

In other GlobalFoundries news, insider Michael James Hogan sold 2,300 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $60.69, for a total value of $139,587.00. Following the completion of the transaction, the insider owned 16,045 shares of the company’s stock, valued at $973,771.05. The trade was a 12.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Glenda Dorchak sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $58.46, for a total transaction of $233,840.00. Following the completion of the transaction, the director directly owned 18,867 shares of the company’s stock, valued at approximately $1,102,964.82. This represents a 17.49% decrease in their position. 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 15,200 shares of company stock valued at $801,067 in the last quarter.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

Positive Sentiment: Q1 beat: GF reported Q1 EPS $0.40 vs. consensus ~$0.35 and revenue roughly in line (~$1.63B), showing modest y/y growth — a clean beat that supports near‑term earnings momentum. GlobalFoundries Reports First Quarter 2026 Financial Results
Positive Sentiment: Upbeat Q2 revenue outlook: management said Q2 revenue should exceed Street expectations driven by accelerating data‑center deployments — a demand signal tied to AI infrastructure spending. GlobalFoundries forecasts upbeat second quarter on data center demand
Positive Sentiment: Product news — SCALE optical module: GF launched a co‑packaged optics solution (SCALE) targeting AI data‑center interconnects, expanding TAM exposure beyond pure foundry services if adoption scales. GlobalFoundries accelerates adoption of co-packaged optics for advanced AI data centers with SCALE optical module solution
Positive Sentiment: Analyst upgrades and higher targets: multiple firms raised views — Susquehanna upgraded to positive with a $100 PT, Needham raised its PT to $80, and Cantor Fitzgerald also issued an upgrade — these help sustain buying interest. Analyst upgrade coverage roundup
Positive Sentiment: Unusually heavy call buying: large block of call option purchases (14,501 calls) signals speculative/heterogeneous bullish positioning from traders ahead of/after results. Options activity / trading data
Neutral Sentiment: Small insider sale disclosed: an executive sold 500 shares under a pre‑arranged 10b5‑1 plan — routine and small relative to float, unlikely to change fundamentals. SEC Form 4 — Samak L. Azar sale disclosure

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV grew its stake in GlobalFoundries by 85.5% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 29,768 shares of the company’s stock worth $1,040,000 after buying an additional 13,718 shares in the last quarter. Vident Advisory LLC boosted its stake in shares of GlobalFoundries by 5.0% in the 4th quarter. Vident Advisory LLC now owns 6,160 shares of the company’s stock valued at $215,000 after purchasing an additional 293 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of GlobalFoundries in the 4th quarter valued at $67,000. XTX Topco Ltd boosted its stake in shares of GlobalFoundries by 247.7% in the 4th quarter. XTX Topco Ltd now owns 70,979 shares of the company’s stock valued at $2,479,000 after purchasing an additional 50,564 shares in the last quarter. Finally, VARCOV Co. purchased a new stake in shares of GlobalFoundries in the 4th quarter valued at $470,000.

GlobalFoundries Company Profile

(Get Free Report)

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.