GLOBALFOUNDRIES Inc. (GFS)
Market Cap | 28.83B |
Revenue (ttm) | 7.39B |
Net Income (ttm) | 1.02B |
Shares Out | 547.76M |
EPS (ttm) | 1.83 |
PE Ratio | 28.48 |
Forward PE | 39.77 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 980,635 |
Open | 51.71 |
Previous Close | 51.73 |
Day's Range | 51.71 - 52.75 |
52-Week Range | 48.12 - 72.37 |
Beta | 1.64 |
Analysts | Buy |
Price Target | 68.45 (+31.36%) |
Earnings Date | May 7, 2024 |
About GFS
GLOBALFOUNDRIES Inc. operates as a semiconductor foundry worldwide. The company manufactures a range of semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units; and offers mainstream wafer fabrication services and technologies. The company was founded in 2009 and is based in Malta, New York. [Read more]
Financial Performance
In 2023, GFS'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 12 analysts, the average rating for GFS stock is "Buy." The 12-month stock price forecast is $68.45, which is an increase of 31.36% from the latest price.
News
Teramount and GlobalFoundries Collaborate to Advance Silicon Photonics
JERUSALEM, Israel--(BUSINESS WIRE)-- #OFC2024--Teramount, announces a collaboration with GlobalFoundries (GF) to address the challenge of connecting fibers to Silicon Photonics (SiPh) chips.
GlobalFoundries Gets a Downgrade. The Stock Drops.
Susquehanna analyst Mehdi Hosseini changed his rating to Neutral from Positive.
GlobalFoundries' CHIPS Act grant of $1.5 billion is a 'great first step,' strategist says
The Biden administration's CHIPS Act will be giving chip designer GlobalFoundries (GFS) a $1.5 billion grant to promote state-side semiconductor production. TECHnalysis Research President and Chief An...
GlobalFoundries CEO talks impact of $1.5 billion investment from the CHIPS Act
Thomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk a $1.5 billion investment from the CHIPS Act.
U.S. awards $1.5 billion to GlobalFoundries to build fab in upstate New York
CNBC's Meghan Casella reports on the latest news in the semiconductor space.
Biden administration awards $3.1 billion to chipmaker GlobalFoundries
CNBC's Joe Kernen reports on the latest news.
Globalfoundries stock jumps on US govt's $1.5-billion grant to boost chip production
Globalfoundries Inc (NASDAQ:GFS) closed at $53.38, marking a significant pre-market surge of $3.88. Pre-market trading tends to exhibit heightened volatility due to lower trading volume outside standa...
CHIPS Act Support For GlobalFoundries Will Strengthen Key Domestic Capabilities
The announcement of a preliminary memorandum to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to GlobalFoundries (GF) signals an investment in critical domestic ...
GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing
$1.5 billion potential investment will support the expansion of GlobalFoundries New York facility, including construction of a new state-of-the art fab, and the modernization of its Vermont facility, ...
U.S. Awards $1.5 Billion to Chipmaker GlobalFoundries
The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.
US awards $1.5 bln to GlobalFoundries for domestic semiconductor production
The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains.
Semiconductor industry 'needs another quarter or so' to bring inventory down: GlobalFoundries CEO
Thomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk quarterly results, the state of the economy, the semiconductor industry and more.
Chipmaker GlobalFoundries forecasts Q1 results below estimates, shares drop
GlobalFoundries forecast first-quarter results below Wall Street estimates on Tuesday, as the contract chipmaker faces competition from larger rivals while a supply glut persists in certain pockets of...
GlobalFoundries Reports Fourth Quarter 2023 and Fiscal Year 2023 Financial Results
MALTA, N.Y., Feb. 13, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.
Infineon and GlobalFoundries Extend Long-Term Agreement with Focus on Automotive Microcontrollers
MUNICH, Germany and MALTA, N.Y., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a new multi-year agreement ...
Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal
TEMPE, Ariz.--(BUSINESS WIRE)--Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal.
Singapore's Keppel signs power supply deal with chipmaker GlobalFoundries
Global asset manager Keppel's infrastructure business will supply electricity to the Singapore operations of contract chipmaker GlobalFoundries under a multi-year agreement, the companies said on Tues...
GlobalFoundries Announces Conference Call to Review Fourth Quarter and Full-Year 2023 Financial Results
MALTA, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, February 13, 2024, at 8:30 a.m. ET following the release of...
GlobalFoundries Named to “America's Most Responsible Companies 2024” List
MALTA, N.Y., Dec. 13, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) has been named to Newsweek's list of “America's Most Responsible Companies 2024.” It marks the second consecutive year...
GlobalFoundries Names John Hollister as Chief Financial Officer
MALTA, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that John Hollister will join the company as Chief Financial Officer (CFO), effective February 5, 2024. Hol...
GlobalFoundries CEO Thomas Caulfield weighs in on the state of the semiconductor market
Thomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk the semiconductor market, consumer demand and more.
Weebit Nano receives wafers manufactured in GlobalFoundries' 22FDX® process
HOD HASHARON, Israel, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Weebit Nano Limited (ASX:WBT), a leading developer of advanced memory technologies for the global semiconductor industry, has received the first...
GlobalFoundries Announces New Multi-Million Dollar Student Loan Repayment Program to Strengthen Semiconductor Workforce
Program designed to build a critical talent pipeline by easing the burden of education debt for U.S. employees Program designed to build a critical talent pipeline by easing the burden of education de...
GlobalFoundries Posts Better-Than-Expected Earnings on Resilient Demand
GlobalFoundries (GFS) shares jumped 5% Tuesday after the semiconductor manufacturer reported third-quarter earnings that beat estimates on resilient demand, sending other semiconductor stocks higher a...
GlobalFoundries CEO: The breadth of the end markets we serve differentiates us from peers
Thomas Caulfield, president and chief executive officer of GlobalFoundries, joins 'Squawk on the Street' to discuss how the company's quarterly earnings results fit into the overall narrative, how the...