GLOBALFOUNDRIES Inc. (GFS)
| Market Cap | 29.92B |
| Revenue (ttm) | 7.10B |
| Net Income (ttm) | 899.00M |
| Shares Out | 555.48M |
| EPS (ttm) | 1.61 |
| PE Ratio | 33.52 |
| Forward PE | 36.56 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 331,188 |
| Open | 54.12 |
| Previous Close | 53.95 |
| Day's Range | 53.79 - 54.28 |
| 52-Week Range | 45.52 - 68.57 |
| Beta | 1.61 |
| Analysts | Buy |
| Price Target | 61.58 (+14.4%) |
| Earnings Date | May 7, 2024 |
About GFS
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. The company was incorporated in 2008 and is headquartered in Malta, New York. [Read more]
Financial Performance
In 2023, GFS's revenue was $7.39 billion, a decrease of -8.83% compared to the previous year's $8.11 billion. Earnings were $1.02 billion, a decrease of -29.56%.
Financial StatementsAnalyst Forecast
According to 13 analysts, the average rating for GFS stock is "Buy." The 12-month stock price forecast is $61.58, which is an increase of 14.40% from the latest price.
News
Tech Stocks on the Move Today: GlobalFoundries, Datadog, and More
Tech stocks lost ground in intraday trading Tuesday, with the S&P 500 Information Technology Sector Index 0.5% lower as of 2:30 p.m. ET, while the broader S&P 500 was little changed and the tech-heavy...
GlobalFoundries Stock Surges as Income Nearly Doubles Expectations
Shares of semiconductor maker GlobalFoundries (GFS) jumped after markets opened Tuesday following the release of a first-quarter earnings report that beat expectations.
GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
GlobalFoundries forecast second-quarter revenue above Wall Street estimates on Tuesday, betting on improving demand for semiconductors after a years-long slump that was caused by surplus inventory at ...
GlobalFoundries Reports First Quarter 2024 Financial Results
MALTA, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2024.
GlobalFoundries Commits to Achieving Net Zero Emissions and Carbon-Neutral Power by 2050
New goals target additional reductions and removal of greenhouse gas emissions to help fight climate change New goals target additional reductions and removal of greenhouse gas emissions to help fight...
GlobalFoundries Announces Conference Call to Review First Quarter 2024 Financial Results
MALTA, N.Y., April 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 7, 2024, at 8:30 a.m. ET following the release of the...
Teramount and GlobalFoundries Collaborate to Advance Silicon Photonics
JERUSALEM, Israel--(BUSINESS WIRE)-- #OFC2024--Teramount, announces a collaboration with GlobalFoundries (GF) to address the challenge of connecting fibers to Silicon Photonics (SiPh) chips.
GlobalFoundries Gets a Downgrade. The Stock Drops.
Susquehanna analyst Mehdi Hosseini changed his rating to Neutral from Positive.
GlobalFoundries' CHIPS Act grant of $1.5 billion is a 'great first step,' strategist says
The Biden administration's CHIPS Act will be giving chip designer GlobalFoundries (GFS) a $1.5 billion grant to promote state-side semiconductor production. TECHnalysis Research President and Chief An...
GlobalFoundries CEO talks impact of $1.5 billion investment from the CHIPS Act
Thomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk a $1.5 billion investment from the CHIPS Act.
U.S. awards $1.5 billion to GlobalFoundries to build fab in upstate New York
CNBC's Meghan Casella reports on the latest news in the semiconductor space.
Biden administration awards $3.1 billion to chipmaker GlobalFoundries
CNBC's Joe Kernen reports on the latest news.
Globalfoundries stock jumps on US govt's $1.5-billion grant to boost chip production
Globalfoundries Inc (NASDAQ:GFS) closed at $53.38, marking a significant pre-market surge of $3.88. Pre-market trading tends to exhibit heightened volatility due to lower trading volume outside standa...
CHIPS Act Support For GlobalFoundries Will Strengthen Key Domestic Capabilities
The announcement of a preliminary memorandum to provide approximately $1.5 billion in direct funding under the CHIPS and Science Act to GlobalFoundries (GF) signals an investment in critical domestic ...
GlobalFoundries and Biden-Harris Administration Announce CHIPS and Science Act Funding for Essential Chip Manufacturing
$1.5 billion potential investment will support the expansion of GlobalFoundries New York facility, including construction of a new state-of-the art fab, and the modernization of its Vermont facility, ...
U.S. Awards $1.5 Billion to Chipmaker GlobalFoundries
The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.
US awards $1.5 bln to GlobalFoundries for domestic semiconductor production
The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains.
Semiconductor industry 'needs another quarter or so' to bring inventory down: GlobalFoundries CEO
Thomas Caulfield, GlobalFoundries CEO, joins 'Closing Bell Overtime' to talk quarterly results, the state of the economy, the semiconductor industry and more.
Chipmaker GlobalFoundries forecasts Q1 results below estimates, shares drop
GlobalFoundries forecast first-quarter results below Wall Street estimates on Tuesday, as the contract chipmaker faces competition from larger rivals while a supply glut persists in certain pockets of...
GlobalFoundries Reports Fourth Quarter 2023 and Fiscal Year 2023 Financial Results
MALTA, N.Y., Feb. 13, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.
Infineon and GlobalFoundries Extend Long-Term Agreement with Focus on Automotive Microcontrollers
MUNICH, Germany and MALTA, N.Y., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a new multi-year agreement ...
Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal
TEMPE, Ariz.--(BUSINESS WIRE)--Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal.
Singapore's Keppel signs power supply deal with chipmaker GlobalFoundries
Global asset manager Keppel's infrastructure business will supply electricity to the Singapore operations of contract chipmaker GlobalFoundries under a multi-year agreement, the companies said on Tues...
GlobalFoundries Announces Conference Call to Review Fourth Quarter and Full-Year 2023 Financial Results
MALTA, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, February 13, 2024, at 8:30 a.m. ET following the release of...
GlobalFoundries Named to “America's Most Responsible Companies 2024” List
MALTA, N.Y., Dec. 13, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) has been named to Newsweek's list of “America's Most Responsible Companies 2024.” It marks the second consecutive year...