GlobalFoundries

GLOBALFOUNDRIES, Inc. provides foundry services and manufactures semiconductors. It offers global shuttle, mask, post-fab and turnkey services. The company was founded in 2009 and is headquartered in Malta, NY.

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GlobalFoundries surpasses revenue targets, eyes growth amid industry challenges

GlobalFoundries delivered strong financial performance in Q4 2022, exceeding revenue guidance and improving margins, driven by growth across key end markets.
The company's focus on innovation, customer engagements, and cost-saving initiatives positions it well to navigate industry challenges and capitalize on growth opportunities.
Anticipated revenue trough in H1 2023 requires strategic planning, while investments in capacity expansion and operational efficiency enhance long-term prospects.
Revenue growth from single-source business and deep customer partnerships underscore financial resilience and potential for significant free cash flow generation.

GlobalFoundries (GFS) reports resilient Q1 results amidst semiconductor challenges

GlobalFoundries (GFS) navigated Q1 challenges with resilience, focusing on revenue diversification and strategic leadership additions.
Despite industry headwinds, the company remains positioned for growth through capacity expansion and differentiated product offerings.
Anticipated sequential revenue growth, cautious market outlook, and focus on key growth drivers signal a balanced approach to future opportunities.

GlobalFoundries exceeds Q2 expectations, eyes growth in automotive and A&D

GlobalFoundries delivered strong Q2 results, showcasing robust revenue, margin, and earnings performance.
The company's strategic collaborations, accreditations, and market focus position it well for future growth.
Challenges include revenue decline outlook for 2023 and the need to navigate varying ASP trends by end markets.
Opportunities lie in expanding revenue in automotive and A&D markets, leveraging government incentives, and maintaining pricing competitiveness.

GlobalFoundries exceeds Q3 expectations, eyes automotive growth opportunities

GlobalFoundries (GFS) delivered strong Q3 2023 results, exceeding revenue and EPS guidance, with a focus on key market progress and capacity expansion
Challenges include industry transitions impacting revenue growth and concerns over macroeconomic uncertainties and smart mobile devices market dynamics
Opportunities lie in the automotive sector beyond electrification, with a focus on autonomous and connected vehicles, alongside stable LTAs pricing
The company's performance, strengths, challenges, and opportunities position it for continued growth and resilience in the semiconductor industry

GlobalFoundries surpasses Q4 revenue targets, eyes growth amid challenges

GlobalFoundries (GFS) navigated challenges in 2023, exceeding revenue guidance and focusing on strategic partnerships. Caution for 2024 outlook due to market dynamics, but confidence in increased free cash flow delivery. Emphasis on differentiation, stable pricing, and capacity expansion positions GF for growth and resilience.

GlobalFoundries surpasses Q1 guidance, eyes automotive and mobile growth

GlobalFoundries delivered strong Q1 results, exceeding revenue guidance and showcasing resilience in challenging end markets.
The company's focus on LTAs, strategic capacity expansion, and market diversification positions it well for future growth and profitability.
Despite challenges in certain segments, opportunities in automotive, smart mobile devices, and IoT markets offer avenues for revenue expansion.
CHIPS Act funding and LTAs totaling $30 billion in lifetime revenue underscore GlobalFoundries' commitment to supply surety and market resilience.

GlobalFoundries surpasses Q2 expectations, eyes growth in diversified markets

GlobalFoundries delivered strong Q2 2024 results, exceeding guidance and showcasing solid financial performance.
Strategic investments, diversified revenue streams, and focus on differentiated technology highlight growth prospects.
Challenges in maintaining gross margin and navigating industry competition require strategic planning and operational efficiency.

GlobalFoundries excels in Q3 earnings, eyes growth in key markets

GlobalFoundries delivered a strong Q3 performance, surpassing financial targets and demonstrating resilience in a competitive semiconductor market.
With a focus on diversification, strategic partnerships, and market expansion, the company is well-positioned to capitalize on growth opportunities in key sectors.
Challenges in pricing dynamics and technology evolution require proactive strategies, but GlobalFoundries' strengths in operational efficiency and market positioning offer a solid foundation for future success.

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GLOBALFOUNDRIES, Inc. provides foundry services and manufactures semiconductors. It offers global shuttle, mask, post-fab and turnkey services. The company was founded on October 7, 2008 and is headquartered in Malta, NY.

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One year after breaking ground, GF celebrates key milestone on path to expanded semiconductor manufacturing capacity in Singapore SINGAPORE , June 23, 2022 /PRNewswire/ -- GlobalFoundries (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced that its first tool has been moved into the company's new facility on its Singapore campus. The milestone, just one year after breaking ground on the first phase of the Singapore expansion has been achieved in partnership with the Singapore Economic Development Board and co-investments from committed customers.

GlobalFoundries Celebrates New Singapore Fab with Arrival of First Tool

After losing some value lately, a hammer chart pattern has been formed for GlobalFoundries Inc. (GFS), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Here's Why GlobalFoundries Inc. (GFS) Looks Ripe for Bottom Fishing

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The mean of analysts' price targets for GlobalFoundries Inc. (GFS) points to a 28.2% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Does GlobalFoundries Inc. (GFS) Have the Potential to Rally 28% as Wall Street Analysts Expect?

Program advances long-term technology roadmap and reinforces company's commitment to drive technology leadership of differentiated foundry solutions SAN JOSE, Calif. , May 19, 2022 /PRNewswire/ -- At its annual GF Technology Summit (GTS), GlobalFoundries (Nasdaq: GFS) (GF) today announced the launch of GF Labs, a new program that extends the development horizon of innovative, differentiated semiconductor technology and broadens the company's portfolio of feature-rich and enablement solutions.

GlobalFoundries Unveils GF Labs to Accelerate Technology Innovation

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The consensus price target hints at a 50.9% upside potential for GlobalFoundries Inc. (GFS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think GlobalFoundries Inc. (GFS) Could Surge 51%: Read This Before Placing a Bet

GlobalFoundries Inc. (GFS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes GlobalFoundries Inc. (GFS) a New Buy Stock

GLOBALFOUNDRIES Inc. (NASDAQ:GFS ) Q1 2022 Earnings Conference Call May 10, 2022 4:30 PM ET Company Participants Sukhi Nagesh - Vice President, Corporate Development and Investor Relations Thomas Caulfield - President and Chief Executive Officer David Reeder - Chief Financial Officer Conference Call Participants Harlan Sur - JPMorgan Vivek Arya - Bank of America Ross Seymore - Deutsche Bank Chris Danely - Citi Joe Moore - Morgan Stanley Chris Caso - Raymond James Mehdi Hosseini - SIG Matt Bryson - Wedbush Securities Krish Sankar - Cowen and Company Raji Gill - Needham & Company Operator Good day and thank you for standing by. Welcome to the GlobalFoundries' Conference Call to review First Quarter Fiscal Year 2022 Financial Results Conference Call.

GlobalFoundries Inc.'s (GFS) CEO Thomas Caulfield on Q1 2022 Results - Earnings Call Transcript

GlobalFoundries revenue was up 37% from a year ago. Meanwhile, ongoing shortages in the chip market appear to be boosting prices--- and profits---for the semiconductor manufacturer.

GlobalFoundries Reports Strong Earnings. The Chip Shortage Is Helping Margins.

GlobalFoundries Inc. reported record quarterly revenue and guided for more Tuesday, as the chip manufacturer continues to benefit from a semiconductor shortage.

Earnings Results: GlobalFoundries reports record sales and predicts more to come amid semiconductor shortage

Revenue up 37% year-over-year, Record Gross Margin and Net Income Revenue up 37% year-over-year, Record Gross Margin and Net Income

GlobalFoundries Reports First Quarter 2022 Financial Results

GlobalFoundries' (GFS) first-quarter results are likely to reflect solid demand for pervasive semiconductor solutions and rising wafer shipments.

GlobalFoundries (GFS) to Post Q1 Earnings: What's in Store?

GlobalFoundries has enjoyed double-digit revenue growth due to high demand amid a low supply of the less advanced chips. Comparison with Taiwanese UMC shows that subsidies through the CHIPS act can improve the company's gross margins, with GFS having the ability to add capacity faster than its giant peer.

GlobalFoundries: Profiting From The Supply Crunch

Public-private partnership provides strategic supply of U.S.-made and secure semiconductors for the nation's most sensitive defense and aerospace applications, boosts supply of feature-rich chips for critical infrastructure commercial applications MALTA, N.Y. , May 2, 2022 /PRNewswire/ -- GlobalFoundries Inc. (Nasdaq: GFS) (GF), a global leader in feature-rich semiconductor manufacturing, today announced a $117 million agreement with the U.S. Department of Defense (DoD) to provide a strategic supply of U.S.-made semiconductors that are critical to national security systems.

U.S. Department of Defense and GlobalFoundries Partner to Secure Supply of Chips Critical to National Security Systems

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MALTA, N.Y. , April 22, 2022 /PRNewswire/ -- GlobalFoundries Inc. (Nasdaq: GFS) (GF) today announced the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended ("HSR"), for onsemi's proposed acquisition of GF's East Fishkill, NY site and fabrication facilities announced in 2019.

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MALTA, N.Y., April 05, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, May 10, 2022, at 4:30pm EDT following the release of its first quarter 2022 financial results after market close.

GlobalFoundries Announces Conference Call to Review First Quarter 2022 Financial Results and First Capital Markets Day

The consensus price target hints at a 31.1% upside potential for GlobalFoundries Inc. (GFS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

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News for GlobalFoundries Stock (GFS)