GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results

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Go back to GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results

Needham Upgrades GlobalFoundries Inc. (GFS) to Buy

February 12, 2025 7:10 AM EST

Needham analyst Rajvindra Gill upgraded GlobalFoundries Inc. (NASDAQ: GFS) from Hold to Buy with a price target of $50.00.

The analyst comments "We believe the outlook for GlobalFoundries is improving as the semiconductor industry emerges from the cyclical downturn. Not... More

GLOBALFOUNDRIES (GFS) Tops Q4 EPS by 1c, Offers Guidance

February 11, 2025 7:08 AM EST

GLOBALFOUNDRIES (NASDAQ: GFS) reported Q4 EPS of $0.46, $0.01 better than the analyst estimate of $0.45. Revenue for the quarter came in at $1.83 billion versus the consensus estimate of $1.83 billion.

GUIDANCE:

GLOBALFOUNDRIES sees Q1 2025 EPS of $0.24-$0.34, versus the consensus of $0.33. GLOBALFOUNDRIES sees Q1... More