GlobalFoundries posts 56% rise in quarterly sales on booming chip demand

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Go back to GlobalFoundries posts 56% rise in quarterly sales on booming chip demand

Globalfoundries (GFS) Reports Robust Chip Demand in First Earnings Report After IPO, Analyst Sees 30% Upside

December 1, 2021 10:44 AM EST

Globalfoundries (NASDAQ: GFS) delivered the first quarterly earnings report as a publicly-traded company yesterday.

FQ1 EPS came in at $0.07 to beat the analyst estimate of $0.00. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.7 billion.

The third quarter marked the ongoing acceleration of our... More

GlobalFoundries Inc. (GFS) PT Raised to $87 at Needham & Company

December 1, 2021 6:49 AM EST

Needham & Company analyst Rajvindra Gill raised the price target on GlobalFoundries Inc. (NASDAQ: GFS) to $87.00 (from $85.00) while maintaining a Buy rating.

The analyst commented, "We are raising our PT to $87 as GlobalFoundries posted a strong beat and raise in its first quarter... More

GlobalFoundries (GFS) Reported Q3 EPS Beat as Revenues Grew 56% in First Report Since IPO

November 30, 2021 4:51 PM EST

In its first earnings reports since going public in October, semiconductor foundry company GlobalFoundries (NASDAQ: GFS) reported Q3 results, with EPS coming in at $0.07, beating the consensus estimate of $0.00. Quarterly revenue grew 5% sequentially and 56% year-over-year to $1.7 billion (in-line with Street estimates) reflecting ongoing demand for the... More