GlobalFoundries Inc. (GFS) News

GlobalFoundries Inc. (GFS): $60.58

0.53 (+0.88%)

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GFS News Highlights

  • GFS's 30 day story count now stands at 11.
  • Over the past 13 days, the trend for GFS's stories per day has been choppy and unclear. It has oscillated between 1 and 6.
  • The most mentioned tickers in articles about GFS are EU, BEAT and ST.

Latest GFS News From Around the Web

Below are the latest news stories about GLOBALFOUNDRIES INC that investors may wish to consider to help them evaluate GFS as an investment opportunity.

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Yahoo | May 11, 2023

Q1 2023 Globalfoundries Inc Earnings Call

Q1 2023 Globalfoundries Inc Earnings Call

Yahoo | May 10, 2023

GlobalFoundries (GFS) Stock Slips Amid Leadership Transition

GlobalFoundries faces a tough market backdrop while implementing a leadership transition, sending jitters to GFS stock.

Josh Enomoto on InvestorPlace | May 9, 2023

Why Semiconductor Giant GlobalFoundries Stock Is Tumbling Today

GlobalFoundries Inc (NASDAQ: GFS) reported a first-quarter FY23 revenue decline of 5% year-on-year to $1.84 billion, beating the consensus of $1.83 billion. Adjusted EPS of $0.52 beat the consensus of $0.49. The adjusted gross margin expanded by 320 bps to 28.5%, and adjusted operating margin grew by 330 bps to 17.7%. The adjusted EBITDA margin was flattish Y/Y at 35.6%. GFS generated $479 million in operating cash flow and held $3.23 billion in cash and equivalents. "In the first quarter, amids

Yahoo | May 9, 2023

GlobalFoundries Tops First-Quarter Targets But Misses Views With Guidance

Contract chipmaker GlobalFoundries beat Wall Street's targets for the first quarter but guided lower for the current period.

Yahoo | May 9, 2023

Chipmaker GlobalFoundries forecasts downbeat quarter, shares fall

The chip industry has struggled in the past few months due to a slowdown in orders from data center operators and consumer electronics maker, with a recovery expected only later this year. GlobalFoundries forecast second-quarter revenue between $1.81 billion and $1.85 billion, the midpoint of which was slightly lower than estimates of $1.85 billion, according to Refinitiv. Its profit outlook was also below expectations.

Yahoo | May 9, 2023

GlobalFoundries Inc. (GFS) Beats Q1 Earnings and Revenue Estimates

GlobalFoundries Inc. (GFS) delivered earnings and revenue surprises of 4% and 0.51%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?

Yahoo | May 9, 2023

GlobalFoundries Announces Chief Financial Officer Transition and Names New Chief Business Officer

Tim Stone to join GF as CFO and Niels Anderskouv joins as CBO to accelerate market leadership in differentiated technologiesMALTA, N.Y., May 09, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) (GF) today announced the appointment of two new senior executives to its leadership team. Tim Stone has been appointed as the new Chief Financial Officer (CFO), taking over for David Reeder who will leave the company after transitioning to Stone over the coming months, and Niels Anderskouv will join

Yahoo | May 9, 2023

GlobalFoundries Reports First Quarter 2023 Financial Results

MALTA, N.Y., May 09, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2023. Key First Quarter Financial Highlights Revenue of $1,841 million.Gross margin of 28.0% and adjusted gross margin(1) of 28.5%.Operating margin of 15.8% and adjusted operating margin(1) of 17.7%.Net income of $254 million and adjusted net income(1) of $290 million.Adjusted EBITDA(1) of $655 million.Cash, cash equivalents and

Yahoo | May 9, 2023

GLOBALFOUNDRIES Inc.'s (NASDAQ:GFS) Share Price Could Signal Some Risk

It's not a stretch to say that GLOBALFOUNDRIES Inc.'s ( NASDAQ:GFS ) price-to-sales (or "P/S") ratio of 3.9x right now...

Yahoo | May 5, 2023

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