GlobalFoundries sets results date and Stifel rates GlobalFoundries stock Buy

Published on 10/02/2026 at 05:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 1.79 billion, up 5.80 percent year over year. Twenty analysts set a USD 74.32 average target for GlobalFoundries stock.

GFS, KYG393871085, Illustration mit AI erstellt.

GlobalFoundries (ISIN KYG393871085) has set November 4, 2026, for its third-quarter 2026 results call, while Stifel reiterated a Buy rating and a USD 60.00 price target on September 16, 2026. The date gives investors the next formal checkpoint for the foundry's demand and margin outlook.

November 4 results set

As Yahoo Finance reported on September 30, 2026, GlobalFoundries will host its conference call at 8:30 a.m. ET after releasing third-quarter results. The company said the results and webcast will be available through its investor-relations website.

The November date matters because the latest reported quarter showed a clear improvement against the prior-year comparison, while the next release will test whether that trend continued into the second half of 2026.

Second-quarter beat sets the bar

According to MarketBeat on September 7, 2026, GlobalFoundries reported USD 1.79 billion of revenue in the second quarter of 2026, up 5.80 percent from the same quarter a year earlier. Earnings per share came to USD 0.46, above the USD 0.43 consensus estimate, while third-quarter guidance stood at USD 0.46-0.56.

The comparison is useful for the November release: revenue growth was positive, but the guidance range leaves execution and demand conversion as the next measurable tests. The company operates as a contract semiconductor manufacturer serving automotive, communications, industrial, aerospace and other markets.

Analyst target remains above Nasdaq close

Price Target reported on September 16, 2026, that Stifel analyst Sahej Singh reiterated a Buy rating and a USD 60.00 target. The note also identified silicon photonics capacity and data-center connectivity as longer-term drivers, linking the target to the company's 2030 technology plans.

Nasdaq-listed GFS closed at USD 48.68 on October 1, 2026. The 52-week range was USD 32.02 to USD 92.55, while market capitalization stood at USD 26.7 billion as of October 1, 2026; the target therefore sits USD 11.32 above that close.

Prior close remains the euro reference

The Lang & Schwarz data set shows a prior close of EUR 43.43 for September 30, 2026. The October 1 quote was not a current October 2 indication, so the prior close is the dated euro reference for German-market readers.