Wedbush Has Negative Outlook for GlobalFoundries Q1 Earnings

GlobalFoundries Inc. (NASDAQ:GFS) – Equities researchers at Wedbush reduced their Q1 2026 earnings per share estimates for shares of GlobalFoundries in a note issued to investors on Wednesday, April 16th. Wedbush analyst M. Bryson now expects that the company will post earnings per share of $0.25 for the quarter, down from their previous forecast of $0.53. Wedbush has a “Outperform” rating and a $60.00 price target 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) last posted its earnings results on Tuesday, February 11th. The company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). GlobalFoundries had a positive return on equity of 6.05% and a negative net margin of 3.93%.

Other analysts also recently issued reports about the company. UBS Group cut their target price on GlobalFoundries from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 12th. Citigroup cut their target price on shares of 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 price target on the stock in a report on Wednesday, February 12th. Finally, Morgan Stanley lifted their price objective on GlobalFoundries from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 12th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, GlobalFoundries has a consensus rating of “Moderate Buy” and an average target price of $48.85.

GlobalFoundries Stock Performance

Shares of GFS stock opened at $31.70 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.57 and a current ratio of 2.11. The company has a market capitalization of $17.53 billion, a price-to-earnings ratio of -66.04, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54. GlobalFoundries has a one year low of $29.77 and a one year high of $61.98. The company’s 50-day moving average is $37.89 and its 200 day moving average is $40.46.

Institutional Trading of GlobalFoundries

Several institutional investors have recently bought and sold shares of the business. FMR LLC lifted its holdings in GlobalFoundries by 7.5% in the 4th quarter. FMR LLC now owns 53,096,556 shares of the company’s stock valued at $2,278,373,000 after purchasing an additional 3,721,153 shares in the last quarter. Analog Century Management LP purchased a new position in shares of GlobalFoundries in the fourth quarter worth about $50,298,000. BNP Paribas Financial Markets acquired a new position in GlobalFoundries during the fourth quarter worth about $22,912,000. Adage Capital Partners GP L.L.C. purchased a new stake in shares of GlobalFoundries in the fourth quarter valued at approximately $16,091,000. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of GlobalFoundries in the fourth quarter valued at about $11,778,000.

GlobalFoundries Company Profile

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.