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.

GlobalFoundries Inc. NASDAQ: GFS is a leading global semiconductor foundry that manufactures chips designed by its clients, mostly semiconductor companies. GlobalFoundries was originally a subsidiary of Advanced Micro Devices Inc. NASDAQ: AMD but was spun off because it was more cost-effective to outsource leading-edge chip production to Taiwan Semiconductors Manufacturing Co. Ltd.

4 Reasons GlobalFoundries Could Be a Big Winner After Recent Lows

GlobalFoundries stock is a buy due to AI opportunities, CHIPS Act funding, and inventory stabilization. Automotive and AI markets are bright spots, with GF benefiting from design wins and partnerships, especially in RF technology for smartphones and data centers. GF's specialization in mature nodes and niche markets like IoT, 5G, and defense ensures stable margins and positive free cash flow, unlike UMC.

GlobalFoundries: AI, Inventory Stabilizing And Chip Onshoring

GlobalFoundries has a solid balance sheet with a strong current ratio and manageable long-term debt, despite industry challenges. The semiconductor industry is cyclical and currently facing overcapacity, but GlobalFoundries is expected to see revenue and earnings growth through 2026 and beyond. The company is cash flow positive and holds $2.2 billion in cash, focusing on growth rather than paying dividends.

After A Rough Period For Semiconductors, GlobalFoundries Looks Like A Good Rebound Candidate

GF joins incubator's ecosystem as both a strategic and in-kind partner GF joins incubator's ecosystem as both a strategic and in-kind partner

GlobalFoundries and Silicon Catalyst Partner to Accelerate Differentiated Technology Solutions for Semiconductor Startups

WALTHAM, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Finwave Semiconductor, Inc., a leading innovator in GaN (Gallium Nitride) technology, today announced a strategic technology development and licensing agreement with GlobalFoundries (GF), the world's leading specialty foundry with a rich history of RF leadership.

Finwave Semiconductor and GlobalFoundries Partner on RF GaN-on-Si Technology for Cellular Handset Applications

GF-made essential chips play a critical role in realizing “AI Everywhere” GF-made essential chips play a critical role in realizing “AI Everywhere”

Accelerating AI with Essential Chips at GlobalFoundries Technology Summit 2024

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

GlobalFoundries (GFS) Upgraded to Buy: Here's What You Should Know

GlobalFoundries Inc. (NASDAQ:GFS ) Q2 2024 Results Earnings Conference Call August 6, 2024 8:30 AM ET Company Participants Sam Franklin - Vice President of Business Finance and Investor Relations Thomas Caulfield - President and Chief Executive Officer Niels Anderskouv - Chief Business Officer John Hollister - Chief Financial Officer Conference Call Participants Mark Lipacis - Evercore ISI Ross Seymore - Deutsche Bank CJ Muse - Cantor Fitzgerald Chris Caso - Wolfe Research Joseph Moore - Morgan Stanley Vivek Arya - Bank of America Securities Harlan Sur - J.P. Morgan Operator Good day and thank you for standing by.

GlobalFoundries Inc. (GFS) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for GlobalFoundries (GFS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

GlobalFoundries (GFS) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.53 per share a year ago.

GlobalFoundries Inc. (GFS) Tops Q2 Earnings and Revenue Estimates

GlobalFoundries marginally beat Wall Street expectations for second quarter revenue on Tuesday but forecast third-quarter adjusted profit below expectations, indicating a slower-than-anticipated recovery in chip demand.

GlobalFoundries sees Q3 adjusted profit below estimates as inventory woes persist

Contract chipmaker GlobalFoundries beat Wall Street's targets for the second quarter but offered mixed guidance for the current period.

Chipmaker GlobalFoundries Beats Q2 Goals, Gives Mixed Outlook

HOD HASHARON, Israel, July 29, 2024 (GLOBE NEWSWIRE) -- Weebit Nano Limited (ASX:WBT), a leading developer and licensor of advanced memory technologies for the global semiconductor industry, is participating at FMS: the Future of Memory and Storage 2024, being held August 6-8, 2024, in Santa Clara, California. FMS is the world's largest conference and exhibition dedicated to the latest trends, innovations, and influencers driving the adoption of high-speed memory and storage technologies.

Weebit Nano to present test results of ReRAM performance on GlobalFoundries 22FDX® wafers at FMS 2024

GlobalFoundries (GFS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.

Strength Seen in GlobalFoundries (GFS): Can Its 6.8% Jump Turn into More Strength?

Intel

Intel (INTC) and GlobalFoundries (GFS) shares rose in intraday trading Wednesday while Nvidia (NVDA) and other chip stocks tumbled amid concerns about tightening trade restrictions and rising geopolitical tensions affecting the chip industry.

Why Intel, GlobalFoundries Are Gaining as Nvidia and Other Chip Stocks Drop

Semiconductor foundry GlobalFoundries (NASDAQ: GFS ) popped sharply higher on Wednesday, gaining about 10% before paring back some of the enthusiasm. Recent comments by former President Donald Trump catapulted the swing up.

Why Is GlobalFoundries (GFS) Stock Up Nearly 10% Today?

Former President Trump complained about Taiwan's dominance in the market for contract production of semiconductors yesterday. Shares of Taiwan Semiconductor Manufacturing are taking a hit on the news.

Why GlobalFoundries Stock Soared 7% on Wednesday

Advanced Micro Devices

ASML Hld

Micron Technology

NVIDIA

Taiwan Semiconductor Manufacturing

Shares of chipmakers fell more than 4% before the bell on Wednesday amid reports of possible tighter restrictions on supply of advanced technology to key market China and comments on Taiwan from Republican presidential nominee Donald Trump.

Chip stocks tumble on fears of tighter US curbs on sales to China

Beyond Meat

Shake Shack

As the market transitions into the second half of 2024, JPMorgan's equity research analysts have identified several companies they believe are ready to be shorted.

Short Idea Alert: Beyond Meat, Shake Shack, Plus One Semiconductor Stock Analysts Have On Their Lists Right Now

MALTA, N.Y., July 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 6, 2024, at 8:30 a.m. ET following the release of the company's second quarter 2024 financial results.

GlobalFoundries Announces Conference Call to Review Second Quarter 2024 Financial Results

The semiconductor industry is recruiting workers in a tight labor market as the competition for talent ramps up and funding from the CHIPS and Science Act continues to be dispersed. It's also staring down a projected shortfall of as much as 1 million workers in the broader U.S. economy by 2030.

GlobalFoundries races to find semiconductor talent as demand for chips soars

Technology acquisition expands GF's power management solutions and differentiated roadmap Technology acquisition expands GF's power management solutions and differentiated roadmap

GlobalFoundries Acquires Tagore Technology's GaN Technology to Accelerate Disruptive Power Management Solutions

Photronics

Semiconductor stocks are delivering record performance as of late. Key technological breakthroughs in fields such as artificial intelligence have caused a gold rush atmosphere across the chip stock space.

3 Semiconductor Stocks to Buy on the Dip: June 2024

Applied Materials

Pixelworks

QUALCOMM

SkyWater Technology

While it's easy to get locked into semiconductor stocks to buy thanks to the mercurial rise of Nvidia (NASDAQ: NVDA ), there's more to the sector than just one enterprise focused on artificial intelligence. Fundamentally, the chip-manufacturing ecosystem is enticing because it represents the building blocks of innovation.

7 Semiconductor Stock Superstars to Make Your Portfolio Sizzle

Collaboration to focus on U.S. chip manufacturing and joint research and development for advanced chip technologies Collaboration to focus on U.S. chip manufacturing and joint research and development for advanced chip technologies

News for GlobalFoundries Stock (GFS)