GlobalFoundries Falls 5% as Investors Digest Q2 Earnings-Day Update

GlobalFoundries Inc. (GFS) is down 5.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is an earnings-day reaction, with investors reassessing whether GlobalFoundries’ second-quarter update was strong enough to justify prior optimism around AI infrastructure and silicon photonics. The catalyst is not fully clear from public reporting available so far, but this could be because expectations had already risen after management previously pointed to stronger data-center demand and above-consensus second-quarter revenue guidance.

Details:

GlobalFoundries scheduled its second-quarter 2026 financial results release and conference call for August 5, 2026, putting the stock in focus for a potentially volatile earnings session.

In its first-quarter report, the company guided for second-quarter revenue of about $1.76 billion, plus or minus $25 million, and non-IFRS diluted EPS of about $0.43, plus or minus $0.05.

Management had also highlighted accelerating demand tied to data-center deployments and said silicon photonics was a major growth area, which likely lifted the performance bar going into this report.

GlobalFoundries’ long-term story has included AI-linked manufacturing opportunities, a first-ever dividend announced at its 2026 investor day, and continued investment in specialty semiconductor platforms, so any sign of merely in-line execution may have prompted profit-taking.

Sources:

GlobalFoundries, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GFS Insider Trading Activity

$GFS insiders have traded $GFS stock on the open market 36 times in the past 6 months. Of those trades, 1 have been purchases and 35 have been sales.

Here’s a breakdown of recent trading of $GFS stock by insiders over the last 6 months:

MICHAEL JAMES HOGAN (Chief Strategy Officer) has made 1 purchase buying 12 shares for an estimated $767 and 13 sales selling 23,307 shares for an estimated $1,557,184.
SAMUEL VICARI (Chief Customer Officer) sold 8,692 shares for an estimated $657,289
SAMAK L AZAR (Chief Legal Officer) has made 0 purchases and 19 sales selling 7,685 shares for an estimated $480,751.
GLENDA DORCHAK has made 0 purchases and 2 sales selling 8,000 shares for an estimated $466,720.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$GFS Hedge Fund Activity

We have seen 247 institutional investors add shares of $GFS stock to their portfolio, and 117 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MUBADALA INVESTMENT CO PJSC removed 27,344,840 shares (-6.1%) from their portfolio in Q1 2026, for an estimated $1,216,298,483
FMR LLC added 8,595,583 shares (+15.5%) to their portfolio in Q1 2026, for an estimated $382,331,531
MORGAN STANLEY added 2,997,792 shares (+182.9%) to their portfolio in Q1 2026, for an estimated $133,341,788
BESSEMER GROUP INC added 2,813,548 shares (+8275141.2%) to their portfolio in Q1 2026, for an estimated $125,146,615
MARSHALL WACE, LLP added 2,669,645 shares (+112.1%) to their portfolio in Q1 2026, for an estimated $118,745,809
GHISALLO CAPITAL MANAGEMENT LLC added 1,800,000 shares (+inf%) to their portfolio in Q1 2026, for an estimated $80,064,000
HRT FINANCIAL LP removed 1,261,976 shares (-70.0%) from their portfolio in Q1 2026, for an estimated $56,132,692

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GFS Government Contracts

We have seen $86,589,312 of award payments to $GFS over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

THE TRUSTED FOUNDRY ACCESS (TFA) CONTRACT ACQUIRED SUPPLIES ASSOCIATED WITH APPLICATION SPECIFIC INTEGRATED...: $27,586,640
SOW 25-5C9: $26,002,385

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$GFS Analyst Ratings

Wall Street analysts have issued reports on $GFS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Baird issued a "Outperform" rating on 02/12/2026

To track analyst ratings and price targets for $GFS, check out Quiver Quantitative's $GFS forecast page.

$GFS Price Targets

Multiple analysts have issued price targets for $GFS recently. We have seen 12 analysts offer price targets for $GFS in the last 6 months, with a median target of $70.0.

Here are some recent targets:

Mark Lipacis from Evercore ISI Group set a target price of $85.0 on 05/19/2026
Mehdi Hosseini from Susquehanna set a target price of $125.0 on 05/11/2026
Joseph Moore from Morgan Stanley set a target price of $65.0 on 05/06/2026
Atif Malik from Citigroup set a target price of $70.0 on 05/06/2026
Timothy Arcuri from UBS set a target price of $77.0 on 05/06/2026
Harlan Sur from JP Morgan set a target price of $70.0 on 05/06/2026
Charles Shi from Needham set a target price of $80.0 on 05/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.