GlobalFoundries Inc. (GFS)
| Market Cap | 23.82B |
| Revenue (ttm) | 6.77B |
| Net Income (ttm) | 742.00M |
| Shares Out | 552.65M |
| EPS (ttm) | 1.32 |
| PE Ratio | 32.66 |
| Forward PE | 26.06 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 2,500,292 |
| Open | 43.28 |
| Previous Close | 40.93 |
| Day's Range | 42.50 - 44.50 |
| 52-Week Range | 35.85 - 61.98 |
| Beta | 1.57 |
| Analysts | Buy |
| Price Target | 51.07 (+18.49%) |
| Earnings Date | Feb 11, 2025 |
About GFS
GlobalFoundries Inc., a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units. GlobalFoundries Inc. has a strategic partnership with Efficient Computer to develop high-performance computer processors. The company was incorporated in 2008 and is headquartered in Malta, New York. [Read more]
Financial Performance
In 2023, GlobalFoundries's revenue was $7.39 billion, a decrease of -8.83% compared to the previous year's $8.11 billion. Earnings were $1.02 billion, a decrease of -29.56%.
Financial StatementsAnalyst Forecast
According to 15 analysts, the average rating for GFS stock is "Buy." The 12-month stock price forecast is $51.07, which is an increase of 18.49% from the latest price.
News
GlobalFoundries Announces New York Advanced Packaging and Photonics Center
First of-its-kind center will offer advanced packaging and test capabilities in New York for U.S.-made essential chips used in AI, automotive, aerospace and defense, and other applications First of-it...
IBM, GlobalFoundries settle lawsuits over contract, trade secrets
GlobalFoundries and IBM said on Thursday that they have settled dueling lawsuits claiming that GlobalFoundries breached a contract with IBM and that the computer giant misused the chipmaker's trade se...
GlobalFoundries and IBM Announce Settlement and Resolution of All Litigation Matters
MALTA, N.Y. and ARMONK, N.Y.
Wall Street analysts point to stocks other than Nvidia in semiconductor space for 2025
CNBC's Seema Mody reports on news regarding the chip sector in 2025.
GlobalFoundries CEO on the state of semiconductors and CHIPS Act
Tom Caulfield, GlobalFoundaries CEO, joins CNBC's The Exchange to discuss the state of semiconductors, his expectations for the Trump administration, and more.
Soitec to supply wafers to GlobalFoundries' 9SW platform
Soitec will supply GlobalFoundries (GF) with its RF-SOI wafers for GF's latest radio platform.
GlobalFoundries GaN Chip Manufacturing Advances with $9.5 Million U.S. Federal Funding
Funding moves GF closer to large-scale production of next-generation gallium nitride chips for a range of RF and high-power applications Funding moves GF closer to large-scale production of next-gener...
US finalizes $1.5 billion chips award for GlobalFoundries to expand production
The U.S. Commerce Department said Wednesday it has finalized a $1.5 billion government subsidy for GlobalFoundries to expand semiconductor production in Malta, New York and Vermont.
GlobalFoundries' poised to get final Chips Act award - source
GlobalFoundries and at least two other chipmakers are poised to receive their final Chips and Science Act awards from the Biden administration, a person briefed on the matter said, a sign of progress ...
GlobalFoundries CEO on earnings beat: smart devices and autos helped drive growth
Tom Caulfield, GlobalFoundaries CEO, joins CNBC's 'Money Movers' to discuss the company's earnings beat, where the company sees growth going forward, and more.
GlobalFoundries, Inc. (GFS) Q3 2024 Earnings Call Transcript
GlobalFoundries, Inc. (NASDAQ:GFS) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET Company Participants Sam Franklin - VP, Business Finance & IR Thomas Caulfield - CEO John Hollister - C...
Short Squeeze - GlobalFoundries Stock Soars On Q3 Earnings Beat, Strong Q4 Outlook
GlobalFoundries Inc GFS reported a fiscal third-quarter 2024 revenue decline of 6% year-on-year to $1.74 billion, beating the analyst consensus estimate of $1.73 billion.
GlobalFoundries forecasts upbeat Q4 results on strong demand from smartphone makers
World's third-largest contract chipmaker, GlobalFoundries , forecast fourth-quarter revenue above Wall Street estimates on Tuesday, driven by recovering semiconductor demand from smartphone makers, se...
GlobalFoundries Reports Third Quarter 2024 Financial Results
MALTA, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2024.
US penalizes GlobalFoundries for shipping chips to Chinese firm
The United States has imposed a $500,000 mitigated penalty against GlobalFoundries for shipping chips to a Chinese company without seeking authorization, the Department of Commerce said on Friday.
GlobalFoundries and NXP to Deliver Next-Generation 22FDX Solutions for Automotive, IoT and Smart Mobile
Building on years of collaboration, this new process technology collaboration will provide power-efficient and secure connectivity solutions for essential consumer and industrial applications manufact...
One chip company's newest tactic to attract workers: Help pay off their student loans
Chipmaker GlobalFoundries began offering student loan debt relief to eligible employees this summer. The benefit is aimed at helping the company attract and retain workers.
GlobalFoundries: A Good Value Buy
GlobalFoundries faces growth challenges due to weak demand in key segments, but Smart Mobile Devices show signs of recovery with forecasted 4% increase in smartphone shipments. The Communications Infr...
GlobalFoundries Announces Conference Call to Review Third Quarter 2024 Financial Results
MALTA, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET following the release of ...
Why GlobalFoundries (GFS) Stock Is Moving Today
Shares of GlobalFoundries (GFS, Financial) saw a modest increase of 1.98% recently, yet concerns linger due to earlier declines attributed to sector-wide geopolitical and economic challenges. Despite ...
GLOBALFOUNDRIES Inc (GFS) Trading 3.92% Higher on Oct 2
Shares of GLOBALFOUNDRIES Inc (GFS, Financial) surged 3.92% in mid-day trading on Oct 2. The stock reached an intraday high of $40.15, before settling at $40.07, up from its previous close of $38.56.
GlobalFoundries: AI, Inventory Stabilizing And Chip Onshoring
GlobalFoundries stock is a buy due to AI opportunities, CHIPS Act funding, and inventory stabilization. Automotive and AI markets are bright spots, with GF benefiting from design wins and partnerships...
After A Rough Period For Semiconductors, GlobalFoundries Looks Like A Good Rebound Candidate
GlobalFoundries has a solid balance sheet with a strong current ratio and manageable long-term debt, despite industry challenges. The semiconductor industry is cyclical and currently facing overcapaci...
GlobalFoundries and Silicon Catalyst Partner to Accelerate Differentiated Technology Solutions for Semiconductor Startups
GF joins incubator's ecosystem as both a strategic and in-kind partner GF joins incubator's ecosystem as both a strategic and in-kind partner
Finwave Semiconductor and GlobalFoundries Partner on RF GaN-on-Si Technology for Cellular Handset Applications
WALTHAM, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Finwave Semiconductor, Inc., a leading innovator in GaN (Gallium Nitride) technology, today announced a strategic technology development and licensing...