What is Wedbush's Forecast for GlobalFoundries Q1 Earnings?

GlobalFoundries Inc. (NASDAQ:GFS - Free Report) - Wedbush decreased their Q1 2026 earnings per share (EPS) estimates for GlobalFoundries in a research note issued to investors on Wednesday, April 16th. Wedbush analyst M. Bryson now anticipates that the company will post earnings per share of $0.25 for the quarter, down from their prior forecast of $0.53. Wedbush has a "Outperform" rating and a $60.00 price objective on the stock. The consensus estimate for GlobalFoundries' current full-year earnings is $1.31 per share. Wedbush also issued estimates for GlobalFoundries' Q2 2026 earnings at $0.32 EPS, Q3 2026 earnings at $0.43 EPS, Q4 2026 earnings at $0.54 EPS and FY2026 earnings at $1.54 EPS.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). GlobalFoundries had a negative net margin of 3.93% and a positive return on equity of 6.05%.

Several other equities analysts have also recently weighed in on the company. Citigroup reduced their price target on GlobalFoundries from $40.00 to $35.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Needham & Company LLC raised GlobalFoundries from a "hold" rating to a "buy" rating and set a $50.00 target price for the company in a report on Wednesday, February 12th. Morgan Stanley increased their price target on shares of GlobalFoundries from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 12th. Finally, UBS Group reduced their price objective on shares of GlobalFoundries from $47.00 to $45.00 and set a "neutral" rating for the company in a research note on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, GlobalFoundries currently has a consensus rating of "Moderate Buy" and a consensus target price of $48.85.

GlobalFoundries Stock Performance

GlobalFoundries stock traded up $1.85 during mid-day trading on Friday, reaching $33.56. The company's stock had a trading volume of 928,723 shares, compared to its average volume of 1,850,703. The firm's fifty day moving average price is $37.26 and its two-hundred day moving average price is $40.31. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. GlobalFoundries has a 12-month low of $29.77 and a 12-month high of $61.98. The company has a market capitalization of $18.56 billion, a P/E ratio of -69.92, a PEG ratio of 1.42 and a beta of 1.54.

Hedge Funds Weigh In On GlobalFoundries

A number of hedge funds and other institutional investors have recently modified their holdings of the company. FMR LLC boosted its position in GlobalFoundries by 7.5% during the fourth quarter. FMR LLC now owns 53,096,556 shares of the company's stock valued at $2,278,373,000 after buying an additional 3,721,153 shares during the period. First Trust Advisors LP raised its holdings in GlobalFoundries by 1.3% in the fourth quarter. First Trust Advisors LP now owns 3,118,293 shares of the company's stock worth $133,806,000 after purchasing an additional 40,527 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its position in GlobalFoundries by 5.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,473,170 shares of the company's stock valued at $106,124,000 after acquiring an additional 132,634 shares during the period. Invesco Ltd. boosted its position in shares of GlobalFoundries by 10.5% in the 4th quarter. Invesco Ltd. now owns 2,331,811 shares of the company's stock worth $100,058,000 after purchasing an additional 221,731 shares in the last quarter. Finally, State Street Corp boosted its holdings in GlobalFoundries by 8.3% in the third quarter. State Street Corp now owns 1,275,554 shares of the company's stock worth $51,341,000 after acquiring an additional 98,084 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.