GlobalFoundries (NASDAQ:GFS) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

GlobalFoundries (NASDAQ:GFS) announced its earnings results on Tuesday. The company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07), Zacks reports. GlobalFoundries had a net margin of 10.95% and a return on equity of 6.87%. GlobalFoundries updated its Q1 2025 guidance to 0.240-0.340 EPS.

GlobalFoundries Stock Performance

Shares of GFS opened at $37.74 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.76 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $20.82 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 8.23 and a beta of 1.56. The stock has a 50 day moving average of $42.63 and a 200 day moving average of $42.49. GlobalFoundries has a 12 month low of $35.85 and a 12 month high of $61.98.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Susquehanna cut their price target on GlobalFoundries from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Needham & Company LLC reiterated a “hold” rating on shares of GlobalFoundries in a report on Wednesday, November 6th. Wedbush reiterated an “outperform” rating and issued a $60.00 price target (down previously from $65.00) on shares of GlobalFoundries in a report on Tuesday, November 5th. Evercore ISI cut their price target on GlobalFoundries from $71.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, November 6th. Finally, Morgan Stanley lowered GlobalFoundries from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $53.00 to $43.00 in a report on Monday, October 28th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, GlobalFoundries presently has a consensus rating of “Hold” and an average price target of $50.21.

About GlobalFoundries

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.