Globalfoundries Inc. Reports Results For The Quarter Ended June 30: Earnings Summary
GLOBALFOUNDRIES Inc. reports results for the quarter ended June 30 - Earnings Summary
GLOBALFOUNDRIES Inc. GFS.OQ reported quarterly adjusted earnings of 46 cents per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 42 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 44 cents per share. Wall Street expected results to range from 42 cents to 56 cents per share.
Revenue rose 5.8% to $1.79 billion from a year ago; analysts expected $1.76 billion.
GLOBALFOUNDRIES Inc.'s reported EPS for the quarter was 30 cents.
The company reported quarterly net income of $166 million.
GLOBALFOUNDRIES Inc. shares had fallen by 40.0% this quarter and gained 41.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 0.3% in the last three months.
In the last 30 days, there have been no negative revisions of earnings estimates
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the semiconductor equipment & testing peer group is also "buy"
Wall Street's median 12-month price target for GLOBALFOUNDRIES Inc. is $77.50, about 36.2% above its last closing price of $49.46
This summary was machine generated from LSEG data August 6 at 04:38 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.44 | 0.46 | Beat |
Mar. 31 2026 | 0.34 | 0.40 | Beat |
Dec. 31 2025 | 0.47 | 0.55 | Beat |
Sep. 30 2025 | 0.37 | 0.41 | Beat |