Cantor Fitzgerald Weighs in on 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) - Research analysts at Cantor Fitzgerald issued their FY2026 earnings estimates for GlobalFoundries in a report released on Wednesday, August 6th. Cantor Fitzgerald analyst C. Muse forecasts that the company will earn $1.79 per share 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.

Several other brokerages have also issued reports on GFS. Citigroup upped their price target on GlobalFoundries from $35.00 to $42.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. UBS Group cut their price objective on GlobalFoundries from $43.00 to $37.00 and set a "neutral" rating for the company in a research report on Wednesday, August 6th. Wall Street Zen cut GlobalFoundries from a "buy" rating to a "hold" rating in a report on Saturday. Wedbush dropped their price objective on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 6th. Finally, Argus assumed coverage on GlobalFoundries in a research report on Tuesday, July 1st. They set a "buy" rating and a $52.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $44.92.

GlobalFoundries Trading Down 1.5%

GFS traded down $0.48 during trading on Thursday, reaching $31.81. The company had a trading volume of 1,577,817 shares, compared to its average volume of 2,073,249. The firm's 50-day simple moving average is $38.37 and its 200 day simple moving average is $37.92. GlobalFoundries has a 12-month low of $29.77 and a 12-month high of $47.69. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.92 and a current ratio of 2.63. The company has a market cap of $17.59 billion, a price-to-earnings ratio of -151.11, a PEG ratio of 1.05 and a beta of 1.50.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last issued its earnings results 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 for the quarter, compared to analyst estimates of $1.68 billion. GlobalFoundries had a negative net margin of 1.68% and a positive return on equity of 6.55%. The business's revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS.

Hedge Funds Weigh In On GlobalFoundries

A number of institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise bought a new position in shares of GlobalFoundries during the 1st quarter worth approximately $33,000. Allworth Financial LP grew its stake in shares of GlobalFoundries by 85.5% in the second quarter. Allworth Financial LP now owns 894 shares of the company's stock worth $34,000 after acquiring an additional 412 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of GlobalFoundries by 824.7% during the second quarter. IFP Advisors Inc now owns 897 shares of the company's stock valued at $38,000 after purchasing an additional 800 shares in the last quarter. Signaturefd LLC increased its position in shares of GlobalFoundries by 51.3% during the 1st quarter. Signaturefd LLC now owns 1,026 shares of the company's stock valued at $38,000 after purchasing an additional 348 shares during the last quarter. Finally, Summit Securities Group LLC grew its position in shares of GlobalFoundries by 142.2% during the first quarter. Summit Securities Group LLC now owns 1,298 shares of the company's stock worth $48,000 after purchasing an additional 762 shares in the last quarter.

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.