# GLOBALFOUNDRIES Inc. (GFS)

> Source: Nexqual · https://nexqual.com/GFS · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, GLOBALFOUNDRIES Inc. (GFS), nexqual.com/GFS" · informational, not investment advice.

**Price:** USD 43.37 (-9.08% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 47.7 · day 43.13–46.33 · 52w 32.02–92.55 · market cap $24.2B · NMS

## Key facts
- Analysts: Buy (mean 2.39 on a 1–5 scale) (23 analysts), mean target USD 74.68 (range 51–140).
- Total return with dividends: 1Y +23.8% vs S&P 500 +14.9%; 5Y -10.7% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.51, revenue estimate $1.89B.

## Analysts
Consensus Buy (mean 2.39 on a 1–5 scale), 23 analysts; mean target USD 74.68 (low 51, high 140).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | TD Cowen | Reiterated | Buy | $75 |
| 2026-10-15 | Wedbush | Reiterated | Neutral | $72 |
| 2026-09-02 | Stifel | Initiated | Buy | $60 |
| 2026-08-06 | TD Cowen | Target lowered | Buy | $85 → $75 |
| 2026-08-06 | UBS | Target lowered | Neutral | $61 → $55 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | +23.8% | -10.7% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +23.9% | -2.2% |
| Volatility (annualized) | 60.2% | 51.8% |
| Max drawdown | -52.4% (May 2026→Sep 2026) | -60.0% (Mar 2022→Mar 2025) |

## Peers (Semiconductors)
CBRS (Cerebras Systems Inc.) USD 108.94 -7.66% · ON (ON Semiconductor Corporation) USD 73.23 -4.82% · TSEM (Tower Semiconductor Ltd.) USD 167.71 -11.52% · MTSI (MACOM Technology Solutions Hold) USD 229.73 -15.87% · CRDO (Credo Technology Group Holding ) USD 162.77 -10.70% · SWKS (Skyworks Solutions, Inc.) USD 82.39 +0.21%

## More
Full page: https://nexqual.com/GFS · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in GFS's own 20-F filed 2026-02-27 (https://www.sec.gov/Archives/edgar/data/1709048/000170904826000022/gfs-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Soitec SA (SLOIF) | "If we are unable to obtain 300mm SOI wafers from Soitec S.A. ("Soitec"), our primary supplier, for any reason, we expect that it would take us an extended period to find a replacement supplier on commercially acceptable …" |
| Supplier | Cayman | "As a foreign private issuer that has listed our ordinary shares on Nasdaq, we rely on a provision in the Nasdaq corporate governance listing standards that allows us to follow Cayman Islands law with regard to certain as…" |
| Partner | Synopsys (SNPS) | "Definitive Agreement - On January 13, 2026, the Company entered into a definitive agreement with Synopsys, Inc. ("Synopsys") for the acquisition of Synopsys' ARC Processor IP Solutions business and its teams of engineers…" |
| Partner | MTI International Investment Company | "Prior to the consummation of our IPO in 2021, we entered into a registration rights agreement with MTIC and MTIIIC, pursuant to which those holders of ordinary shares are entitled to demand the registration of the sale o…" |
| Partner | Silicon Manufacturing Partners Pte | "* As of December 31, 2024, we held a 49% interest in SMP, a joint venture with Avago Technologies International Sales Pte." |
| Related party | Mubadala Technology Investments | "Major Shareholder and Related Party Transactions." In addition, we have entered into a shareholder's agreement with Mubadala, which entitles Mubadala, subject to the level of Mubadala's beneficial ownership of our ordina…" |
| Competitor | TSMC (TSM) | "Key competitors include Taiwan Semiconductor Manufacturing Company, Limited ("TSMC"), United Microelectronics Corporation ("UMC") and Semiconductor Manufacturing International Corporation." |
| Competitor | United Microelectronics (UMC) | "Key competitors include Taiwan Semiconductor Manufacturing Company, Limited ("TSMC"), United Microelectronics Corporation ("UMC") and Semiconductor Manufacturing International Corporation." |
| Competitor | Texas Instruments (TXN) | "We also compete with the foundry operation services of some IDMs, such as Texas Instruments, Inc. ("Texas Instruments"), Samsung Electronics Co., Ltd. ("Samsung") and, more recently, Intel." |
| Competitor | Samsung Electronics | "We also compete with the foundry operation services of some IDMs, such as Texas Instruments, Inc. ("Texas Instruments"), Samsung Electronics Co., Ltd. ("Samsung") and, more recently, Intel." |
| Competitor | Intel (INTC) | "We also compete with the foundry operation services of some IDMs, such as Texas Instruments, Inc. ("Texas Instruments"), Samsung Electronics Co., Ltd. ("Samsung") and, more recently, Intel." |

Other companies that name GFS in their own reports (relationship from GFS's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | CIRRUS LOGIC, INC. (CRUS) | 10-K 2026-05-21 | "We use a variety of foundries in the production of wafers, primarily supplied by GLOBALFOUNDRIES Inc., ("GlobalFoundries") and Taiwan Semiconductor Manufacturing Company, Limited ("TSMC")." |
| competitor | TOWER SEMICONDUCTOR LTD (TSEM) | 20-F 2026-04-30 | "We compete most directly in the specialty segment with foundries such as GlobalFoundries (mainly" |
| customer | WISeQey Corp. (WKEY) | 20-F 2026-04-30 | "To mitigate these risks and strengthen supply chain resilience, SEALSQ has expanded its ecosystem through the acquisition of IC'Alps and the establishment of preferred partnerships with leading global…" |
| customer | SEALSQ Corp (LAES) | 20-F 2026-03-31 | "To mitigate these risks and strengthen supply chain resilience, SEALSQ has expanded its ecosystem through the acquisition of IC'Alps and the establishment of preferred partnerships with leading global…" |
| customer | Arbe Robotics Ltd. (ARBE) | 20-F 2026-03-27 | "both the ability of our supplier, GlobalFoundries Singapore Pte." |
| customer | QUICKLOGIC Corp (QUIK) | 10-K 2026-03-27 | "We depend upon GlobalFoundries, TSMC, SkyWater Technologies, Honeywell Aerospace, Amkor Technology, Inc., Integra Specialty Products, and Golden Altos Corp. to manufacture our new hardware products." |
| partner | CHEMUNG FINANCIAL CORP (CHMG) | 10-K 2026-03-13 | "Major partners in the initiative include Applied Materials, Micron, IBM, and Tokyo Electron, and the facility aims to complement the existing semiconductor supply chain presence of companies such as A…" |
| partner | Pioneer Bancorp, Inc./MD (PBFS) | 10-K 2026-03-12 | "Large employers in the Capital Region include GE Vernova, Regeneron Pharmaceuticals, Inc., GlobalFoundries, Albany Med Health System, St. Peter's Health Partners, Northeast Grocery Inc., Rensselaer Po…" |
| customer | EVERSPIN TECHNOLOGIES INC. (MRAM) | 10-K 2026-03-04 | "We also manufacture full-flow 300mm CMOS wafers with our STT-MRAM magnetic-bit technology integrated in BEOL as part of our strategic relationship with GLOBALFOUNDRIES Inc. (GLOBALFOUNDRIES)." |
| partner | Navitas Semiconductor Corp (NVTS) | 10-K 2026-02-27 | "Our US based GaN fabrication partner is GlobalFoundries." |
| customer | ADVANCED MICRO DEVICES INC (AMD) | 10-K 2026-02-04 | "We utilize Taiwan Semiconductor Manufacturing Company Limited (TSMC) for the production of wafers for our HPC, FPGA and adaptive SoC products and GLOBALFOUNDRIES Inc. (GF), with respect to wafer purch…" |
| competitor | INTEL CORP (INTC) | 10-K 2026-01-23 | "Other Intel Foundry competitors include GlobalFoundries, UMC and SMIC, which primarily focus on mature process technologies." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.51 | $0.50 | +3.0% | $1.89B | 16 |
| Next quarter (ends 2026-12-31) | $0.57 | $0.57 | -0.8% | $2.00B | 16 |
| Current fiscal year (ends 2026-12-31) | $1.96 | $1.90 | +3.0% | $7.31B | 20 |
| Next fiscal year (ends 2027-12-31) | $2.63 | $2.52 | +4.4% | $8.22B | 21 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±15.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 68.6% | ±15.6% |
| 2026-12-18 | 56 | 61.0% | ±19.4% |
| 2027-01-15 | 84 | 57.6% | ±22.3% |
| 2027-03-19 | 147 | 60.4% | ±30.6% |
| 2027-04-16 | 175 | 56.1% | ±30.9% |
| 2027-06-17 | 237 | 56.8% | ±36.3% |
| 2027-09-17 | 329 | 58.7% | ±43.9% |