MALTA, N.Y., Oct. 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, November 5, 2024, at 8:30 a.m. ET following the release of the company's third quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, November 5, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial r ...

Shares of GlobalFoundries (GFS, Financial) saw a modest increase of 1.98% recently, yet concerns linger due to earlier declines attributed to sector-wide geopolitical and economic challenges. Despite this small uptick, GlobalFoundries has struggled to mirror the recovery observed in other semiconductor stocks. Throughout 2024, GlobalFoundries (GFS, Financial) has experienced significant volatility, with negative returns in six out of nine months leading to a cumulative 36% decrease in stock value. This perf ...

Is GlobalFoundries falling behind in the semiconductor race? Find out how broader market trends are affecting this company and its stock. Shares of GlobalFoundries (GFS 1.80%) fell 13.8% in September 2024, according to data from S&P Global Market Intelligence. The chip sector as a whole took a haircut in the first week of September due to geopolitical and economy concerns. Most of the price drops had reversed into modest gains by the end of the month, but this semiconductor manufacturing specialist stayed d ...

JHVEPhoto In November of 2022, I wrote an article praising GlobalFoundries (NASDAQ:GFS) for its growth prospects and positive cash flow at a time when there was a lot of interest in investing in semiconductors. The first few months the stock did pretty well, but then the excess inventories and overcapacity of semiconductors caught up to the industry, leading to a rough 2023. The stock price has really turned around since then, and is now flirting with multi-year lows. Today I want to revisit GlobalFoundries ...

SILICON VALLEY, Calif. and MALTA, N.Y., Sept. 09, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) and Silicon Catalyst, the world's only incubator+accelerator focused exclusively on semiconductor solutions, today announced that GF has joined the incubator's semiconductor startup ecosystem as a Strategic Partner and an In-Kind Partner (IKP). The partnership will provide innovative startups with access to GF's differentiated platforms to speed the development and commercialization of next generati ...

SANTA CLARA, Calif., Aug. 28, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) will kick off its annual Technology Summit series tomorrow, highlighting the critical role of GF-made essential chips in accelerating the impact and ubiquity of artificial intelligence. The theme of "AI Everywhere" will connect the keynotes, panel discussions and deep-dive sessions of GF's annual technology-focused event, which brings together leaders from across the semiconductor industry to share insights on the late ...

GlobalFoundries Inc. (GFS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Individual ...

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 ...

GlobalFoundries Inc. (GFS) reported $1.63 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 11.5%. EPS of $0.38 for the same period compares to $0.53 a year ago. The reported revenue represents a surprise of +0.89% over the Zacks Consensus Estimate of $1.62 billion. With the consensus EPS estimate being $0.29, the EPS surprise was +31.03%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

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. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 31.03%. A quarter ago, it was expected that this company would post earnings of $0.23 per share when it actually produced earnings of $0.31, delivering a surprise of 34.78%. Over the last four quarters, the co ...