Cantor Fitzgerald Predicts GlobalFoundries FY2026 Earnings

Key Points

• Cantor Fitzgerald has projected that GlobalFoundries will earn $1.79 per share in FY2026, up from the current consensus estimate of $1.31.
• The company's recent quarterly earnings report revealed an EPS of $0.42, exceeding estimates of $0.36, with revenue totaling $1.69 billion.
• GlobalFoundries has received mixed ratings from analysts, with a consensus rating of "Moderate Buy" and an average target price of $45.69.

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Analysts at Cantor Fitzgerald issued their FY2026 EPS estimates for shares of GlobalFoundries in a research note issued on Wednesday, August 6th. Cantor Fitzgerald analyst C. Muse expects that the company will post earnings per share of $1.79 for the year. Cantor Fitzgerald has a "Neutral" rating on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.31 per share.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.60%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 EPS.

Several other equities analysts also recently commented on GFS. Argus assumed coverage on GlobalFoundries in a research note on Tuesday, July 1st. They issued a "buy" rating and a $52.00 price objective on the stock. The Goldman Sachs Group began coverage on GlobalFoundries in a research note on Thursday, July 10th. They issued a "neutral" rating and a $40.00 price objective on the stock. Citigroup raised their price objective on shares of GlobalFoundries from $35.00 to $42.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Wedbush cut their price target on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a report on Wednesday. Finally, Wall Street Zen upgraded GlobalFoundries from a "hold" rating to a "buy" rating in a research note on Saturday, July 5th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, GlobalFoundries has a consensus rating of "Moderate Buy" and an average target price of $45.69.

GlobalFoundries Stock Performance

Shares of GlobalFoundries stock opened at $33.76 on Thursday. The company has a quick ratio of 1.77, a current ratio of 2.51 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average price of $38.53 and a 200-day moving average price of $38.13. GlobalFoundries has a 52 week low of $29.77 and a 52 week high of $47.69. The company has a market cap of $18.67 billion, a PE ratio of -161.20, a price-to-earnings-growth ratio of 1.03 and a beta of 1.50.

Hedge Funds Weigh In On GlobalFoundries

Several institutional investors have recently added to or reduced their stakes in GFS. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of GlobalFoundries by 15.7% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 126,266 shares of the company's stock worth $4,660,000 after purchasing an additional 17,143 shares during the period. Geode Capital Management LLC lifted its stake in GlobalFoundries by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 912,986 shares of the company's stock worth $39,176,000 after purchasing an additional 16,921 shares during the last quarter. Sei Investments Co. raised its holdings in shares of GlobalFoundries by 7.6% in the fourth quarter. Sei Investments Co. now owns 9,495 shares of the company's stock worth $407,000 after buying an additional 667 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in GlobalFoundries by 9.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 907,446 shares of the company's stock valued at $33,476,000 after acquiring an additional 79,670 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in GlobalFoundries in the fourth quarter worth $1,004,000.

About GlobalFoundries

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.

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