GlobalFoundries (GFS) Set to Announce Earnings on Wednesday

Key Points

• GlobalFoundries is expected to report Q3 2026 results before the market opens on November 4. Analysts forecast earnings of $0.511 per share and revenue of $1.89 billion, compared with company guidance of $0.460–$0.560 EPS.
• The company exceeded expectations in its most recent quarter, reporting $0.46 EPS versus the $0.43 consensus and $1.79 billion in revenue, up 5.8% year over year.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $75.79. GlobalFoundries shares recently opened at $46.70, while insiders have sold $638,247 worth of stock over the past 90 days.

GlobalFoundries (NASDAQ:GFS - Get Free Report) is anticipated to issue its Q3 2026 results before the market opens on Wednesday, November 4th. Analysts expect GlobalFoundries to post earnings of $0.5110 per share and revenue of $1.89 billion for the quarter. GlobalFoundries has set its Q3 2026 guidance at 0.460-0.560 EPS. Parties may review the information on the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Wednesday, November 4, 2026 at 8:30 AM ET.

GlobalFoundries (NASDAQ:GFS - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. The business had revenue of $1.79 billion during the quarter, compared to analysts' expectations of $1.77 billion. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. On average, analysts expect GlobalFoundries to post $1.48 EPS for the current fiscal year and $2.14 EPS for the next fiscal year.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $46.70 on Wednesday. The stock has a market capitalization of $25.62 billion, a P/E ratio of 36.48 and a beta of 1.77. The company has a 50 day moving average price of $46.71 and a 200 day moving average price of $54.85. GlobalFoundries has a fifty-two week low of $32.02 and a fifty-two week high of $92.55.

Analyst Ratings Changes

A number of research firms have issued reports on GFS. Robert W. Baird set a $140.00 target price on shares of GlobalFoundries in a report on Thursday, August 6th. Zacks Research downgraded shares of GlobalFoundries from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft set a $75.00 price target on shares of GlobalFoundries in a research note on Monday, August 10th. Cantor Fitzgerald reaffirmed an "overweight" rating on shares of GlobalFoundries in a research report on Thursday, October 15th. Finally, TD Cowen reiterated a "buy" rating and issued a $75.00 price objective on shares of GlobalFoundries in a research note on Thursday, October 15th. Eight equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $75.79.

Insider Buying and Selling at GlobalFoundries

In other GlobalFoundries news, insider Pradheepa Raman sold 2,145 shares of the business's stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $48.83, for a total transaction of $104,740.35. Following the completion of the transaction, the insider owned 2,145 shares in the company, valued at $104,740.35. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 12,925 shares of company stock worth $638,247 in the last 90 days.

About GlobalFoundries

GlobalFoundries Inc NASDAQ: GFS is a semiconductor manufacturer that operates as a contract foundry, producing chips designed by other companies. The company provides wafer fabrication and related services for customers in the automotive, communications infrastructure, aerospace and defense, industrial, and consumer electronics markets.

GlobalFoundries specializes in differentiated semiconductor technologies rather than competing primarily in the most advanced logic-processing nodes. Its offerings include radio-frequency and silicon-on-insulator technologies, embedded memory, power-management solutions, high-voltage processes, silicon photonics, and other specialty platforms used in connectivity, sensing, automotive electronics, and edge-computing applications.

The company was established in 2009 through the separation of Advanced Micro Devices' manufacturing operations, with investment from the Abu Dhabi-based Advanced Technology Investment Company.

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