GlobalFoundries (NASDAQ:GFS) Announces Quarterly Earnings Results

Key Points

• GlobalFoundries reported earnings per share (EPS) of $0.42 for the quarter, exceeding analysts' expectations of $0.36, while also achieving a 3.4% year-over-year revenue increase to $1.69 billion.
• The company updated its Q3 2025 guidance to an EPS range of 0.330-0.430, indicating a cautious outlook for the coming quarters.
• Research analysts have shown positive sentiment towards GlobalFoundries, with several raising their price targets, resulting in a consensus rating of "Moderate Buy" and a price target of $47.92.

GlobalFoundries (NASDAQ:GFS - Get Free Report) released its earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.06, Briefing.com reports. The firm had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.68 billion. GlobalFoundries had a positive return on equity of 6.60% and a negative net margin of 1.68%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. GlobalFoundries updated its Q3 2025 guidance to 0.330-0.430 EPS.

GlobalFoundries Stock Down 3.3%

NASDAQ:GFS traded down $1.09 during trading hours on Thursday, hitting $32.28. 5,290,955 shares of the stock traded hands, compared to its average volume of 2,069,520. The firm has a 50 day moving average price of $38.53 and a 200 day moving average price of $38.13. The company has a current ratio of 2.51, a quick ratio of 1.77 and a debt-to-equity ratio of 0.13. GlobalFoundries has a fifty-two week low of $29.77 and a fifty-two week high of $47.69. The firm has a market cap of $17.85 billion, a price-to-earnings ratio of -153.71, a PEG ratio of 1.03 and a beta of 1.50.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on GFS. Argus began coverage on GlobalFoundries in a research report on Tuesday, July 1st. They issued a "buy" rating and a $52.00 target price for the company. Wedbush cut their target price on GlobalFoundries from $48.00 to $40.00 and set an "outperform" rating for the company in a research report on Wednesday. Cantor Fitzgerald restated a "neutral" rating on shares of GlobalFoundries in a research report on Monday, May 5th. The Goldman Sachs Group initiated coverage on GlobalFoundries in a research report on Thursday, July 10th. They set a "neutral" rating and a $40.00 price objective for the company. Finally, 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. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $45.69.

Institutional Trading of GlobalFoundries

Several large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its stake in shares of GlobalFoundries by 77.6% in the first quarter. AQR Capital Management LLC now owns 102,048 shares of the company's stock worth $3,679,000 after acquiring an additional 44,599 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of GlobalFoundries by 7,120.1% in the first quarter. Jones Financial Companies Lllp now owns 12,202 shares of the company's stock worth $450,000 after acquiring an additional 12,033 shares during the last quarter. Finally, Royal Bank of Canada increased its stake in shares of GlobalFoundries by 4.4% in the first quarter. Royal Bank of Canada now owns 15,583 shares of the company's stock worth $575,000 after acquiring an additional 660 shares during 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.