GlobalFoundries Inc. (GFS) Q1 Earnings and Revenues Beat Estimates

Group 1: Earnings Performance - GlobalFoundries Inc. reported quarterly earnings of $0.34 per share, exceeding the Zacks Consensus Estimate of $0.28 per share, and up from $0.31 per share a year ago, representing an earnings surprise of 21.43% [1] - The company posted revenues of $1.59 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 0.46%, and compared to year-ago revenues of $1.55 billion [2] - Over the last four quarters, GlobalFoundries has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - GlobalFoundries shares have declined approximately 16.4% since the beginning of the year, while the S&P 500 has decreased by 3.9% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.35 on revenues of $1.67 billion, and for the current fiscal year, it is $1.67 on revenues of $6.95 billion [7] Group 3: Industry Context - The Electronics - Semiconductors industry, to which GlobalFoundries belongs, is currently in the top 35% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact stock performance [5]