GlobalFoundries (NASDAQ:GFS) Updates Q2 2026 Earnings Guidance

Key Points

• Q2 guidance: GlobalFoundries set Q2 2026 EPS guidance of $0.25–$0.35, below the consensus estimate of $0.39, which may cap near‑term upside.
• Q1 beat and product catalyst: The company reported Q1 EPS of $0.40 (vs. $0.35 est.) with revenue of $1.63B in line, and launched the SCALE™ optical module aimed at AI data centers—positive drivers behind recent share strength.
• Mixed market signals: Analysts’ consensus is a "Hold" with a $50.12 target while the stock trades near its 52‑week high and insiders executed small 10b5‑1 sales, indicating divergence between momentum and analyst valuations.

GlobalFoundries (NASDAQ:GFS - Get Free Report) issued an update on its second quarter 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.250-0.350 for the period, compared to the consensus earnings per share estimate of 0.390. The company issued revenue guidance of -.

GlobalFoundries Trading Up 4.4%

Shares of GFS stock opened at $67.75 on Tuesday. The stock has a 50-day simple moving average of $48.71 and a 200 day simple moving average of $42.09. GlobalFoundries has a fifty-two week low of $31.51 and a fifty-two week high of $69.30. The stock has a market capitalization of $37.70 billion, a P/E ratio of 42.61, a P/E/G ratio of 2.56 and a beta of 1.71. The company has a quick ratio of 1.95, a current ratio of 2.62 and a debt-to-equity ratio of 0.13.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The company reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.35 by $0.05. GlobalFoundries had a return on equity of 6.86% and a net margin of 13.05%.The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. GlobalFoundries has set its Q2 2026 guidance at 0.250-0.350 EPS. On average, sell-side analysts expect that GlobalFoundries will post 1.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GFS. TD Cowen reiterated a "buy" rating on shares of GlobalFoundries in a research report on Thursday, February 12th. Loop Capital set a $80.00 price target on GlobalFoundries in a research report on Monday. Susquehanna reiterated a "neutral" rating and issued a $50.00 price target on shares of GlobalFoundries in a research report on Thursday, February 12th. Weiss Ratings upgraded GlobalFoundries from a "sell (d)" rating to a "hold (c)" rating in a research report on Monday, March 2nd. Finally, Needham & Company LLC increased their price target on GlobalFoundries from $42.00 to $55.00 and gave the company a "buy" rating in a research report on Thursday, February 12th. Seven analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $50.12.

Insiders Place Their Bets

In other GlobalFoundries news, insider Samak L. Azar sold 500 shares of the firm's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $63.00, for a total transaction of $31,500.00. Following the completion of the sale, the insider directly owned 16,494 shares in the company, valued at approximately $1,039,122. This trade represents a 2.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Michael James Hogan sold 2,300 shares of the firm's stock in a transaction dated Wednesday, April 29th. The stock was sold at an average price of $60.69, for a total value of $139,587.00. Following the sale, the insider owned 16,045 shares of the company's stock, valued at $973,771.05. The trade was a 12.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 15,200 shares of company stock worth $801,067.

GlobalFoundries News Summary

Here are the key news stories impacting GlobalFoundries this week:

• Positive Sentiment: Q1 results beat EPS expectations ($0.40 vs. $0.35) with revenue in line at $1.63B — the beat supports near‑term sentiment and underpins the rally. Read More.
• Positive Sentiment: Cantor Fitzgerald upgraded GFS ahead of investor events, adding optimism that catalyzed buying interest into earnings/Investor Day. Read More.
• Positive Sentiment: Product launch — GlobalFoundries unveiled the SCALE™ optical module for co‑packaged optics targeting AI data centers, which expands exposure to a high‑growth AI infrastructure market. Read More.
• Neutral Sentiment: Minor insider sale — Director Samak L. Azar sold 500 shares under a pre‑arranged 10b5‑1 plan; amount is small and flagged as routine rather than a change in conviction. Read More.
• Negative Sentiment: Q2 2026 guidance disappointed — management set EPS guidance of $0.25–$0.35 versus consensus ~$0.39, which caps upside and shifts focus to margin and demand trends. Read More.
• Negative Sentiment: Wedbush reaffirmed a "neutral" rating with a $50 price target — implies significant downside from current levels and may temper momentum from upgrades and product news. Read More.

Institutional Investors Weigh In On GlobalFoundries

A number of institutional investors have recently bought and sold shares of the business. Vontobel Holding Ltd. purchased a new stake in shares of GlobalFoundries during the 4th quarter worth about $203,000. Intesa Sanpaolo S.p.A. purchased a new stake in shares of GlobalFoundries during the 4th quarter worth about $158,000. Federation des caisses Desjardins du Quebec raised its stake in shares of GlobalFoundries by 9.3% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 3,575 shares of the company's stock worth $125,000 after purchasing an additional 305 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of GlobalFoundries during the 4th quarter worth about $119,000. Finally, State of Wyoming purchased a new stake in shares of GlobalFoundries during the 4th quarter worth about $116,000.

About GlobalFoundries

GlobalFoundries, Inc NASDAQ: GFS is a leading contract semiconductor manufacturer that provides wafer fabrication and related services to semiconductor companies and systems manufacturers. The company operates as a pure-play foundry, producing integrated circuits across a range of process technologies for customers in markets such as automotive, communications, consumer electronics, industrial, and aerospace. Its service offering spans process development, manufacturing, test and packaging support, and design enablement including process design kits (PDKs) and intellectual property (IP) libraries to help customers bring designs to production.

GlobalFoundries focuses on a portfolio of differentiated and specialty process nodes, offering technologies for radio-frequency (RF) and wireless, analog and mixed-signal, power management, embedded non-volatile memory, and silicon-on-insulator (SOI) process families.

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