GLOBALFOUNDRIES Inc. (GFS)

NASDAQ: GFS · IEX Real-Time Price · USD
52.11
+0.38 (0.73%)
At close: Mar 28, 2024, 4:00 PM
52.10
-0.01 (-0.02%)
After-hours: Mar 28, 2024, 7:59 PM EDT
0.73%
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]

Industry Semiconductors
Sector Technology
IPO Date Oct 28, 2021
Employees 14,000
Stock Exchange NASDAQ
Ticker Symbol GFS
Full Company Profile

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 Statements

Analyst 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.

Price Target
$68.45
(31.36% upside)
Analyst Consensus: Buy
Stock Forecasts

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.

3 days ago - Business Wire

GlobalFoundries Gets a Downgrade. The Stock Drops.

Susquehanna analyst Mehdi Hosseini changed his rating to Neutral from Positive.

23 days ago - Barrons

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...

5 weeks ago - Yahoo Finance

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.

5 weeks ago - CNBC Television

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.

5 weeks ago - CNBC Television

Biden administration awards $3.1 billion to chipmaker GlobalFoundries

CNBC's Joe Kernen reports on the latest news.

5 weeks ago - CNBC Television

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...

5 weeks ago - Invezz

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 ...

5 weeks ago - Forbes

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, ...

5 weeks ago - GlobeNewsWire

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.

5 weeks ago - NYTimes

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.

5 weeks ago - Reuters

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.

6 weeks ago - CNBC Television

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...

6 weeks ago - Reuters

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.

6 weeks ago - GlobeNewsWire

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 ...

2 months ago - GlobeNewsWire

Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal

TEMPE, Ariz.--(BUSINESS WIRE)--Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal.

Other symbols: AMKR
2 months ago - Business Wire

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...

2 months ago - Reuters

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...

2 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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...

3 months ago - GlobeNewsWire

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.

4 months ago - CNBC Television

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...

4 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

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...

5 months ago - Investopedia

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...

5 months ago - CNBC Television