GlobalFoundries Meets Higher Buy-Side Expectations in Q2, Wedbush Says

MT Newswires Live08-07

GlobalFoundries (GFS) met higher buy-side expectations in Q2, with stronger-than-expected growth in Communication Infrastructure, Datacenter and intellectual property, Wedbush Securities said in a Thursday note.

The investment firm said that while GlobalFoundries had set a low bar for Q2, the results at least met higher buy-side targets, with revenue and non-IFRS gross margins above the high end of the company's prior forecast and adjusted earnings at the high end.

Wedbush said faster growth in higher-margin products, including Communication Infrastructure, Datacenter and intellectual property, along with improving pricing discussions with customers for 2027, should continue to benefit GlobalFoundries' product mix.

The analysts raised their 2026 adjusted earnings estimate to $1.93 per share from $1.82 and increased their 2026 revenue estimate to $7.28 billion from $7.17 billion.

Wedbush reiterated its neutral rating and a $72 price target on the stock.

Shares of GlobalFoundries were up 2.3% in Thursday afternoon trading.

Price: 50.63, Change: +1.17, Percent Change: +2.37

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2657561556?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-07 00:25","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657561556","market":"sg","top_or_hot":-1,"title":"GlobalFoundries Meets Higher Buy-Side Expectations in Q2, Wedbush Says","media":"MT Newswires Live","content":"<html><body><p> GlobalFoundries (GFS) met higher buy-side expectations in Q2, with stronger-than-expected growth in Communication Infrastructure, Datacenter and intellectual property, Wedbush Securities said in a Thursday note.</p><p>The investment firm said that while GlobalFoundries had set a low bar for Q2, the results at least met higher buy-side targets, with revenue and non-IFRS gross margins above the high end of the company's prior forecast and adjusted earnings at the high end.</p><p>Wedbush said faster growth in higher-margin products, including Communication Infrastructure, Datacenter and intellectual property, along with improving pricing discussions with customers for 2027, should continue to benefit GlobalFoundries' product mix.</p><p>The analysts raised their 2026 adjusted earnings estimate to $1.93 per share from $1.82 and increased their 2026 revenue estimate to $7.28 billion from $7.17 billion.</p><p>Wedbush reiterated its neutral rating and a $72 price target on the stock.</p><p>Shares of GlobalFoundries were up 2.3% in Thursday afternoon trading.</p><p>Price: 50.63, Change: +1.17, Percent Change: +2.37</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>GlobalFoundries Meets Higher Buy-Side Expectations in Q2, Wedbush Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobalFoundries Meets Higher Buy-Side Expectations in Q2, Wedbush Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-07 00:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> GlobalFoundries (GFS) met higher buy-side expectations in Q2, with stronger-than-expected growth in Communication Infrastructure, Datacenter and intellectual property, Wedbush Securities said in a Thursday note.</p><p>The investment firm said that while GlobalFoundries had set a low bar for Q2, the results at least met higher buy-side targets, with revenue and non-IFRS gross margins above the high end of the company's prior forecast and adjusted earnings at the high end.</p><p>Wedbush said faster growth in higher-margin products, including Communication Infrastructure, Datacenter and intellectual property, along with improving pricing discussions with customers for 2027, should continue to benefit GlobalFoundries' product mix.</p><p>The analysts raised their 2026 adjusted earnings estimate to $1.93 per share from $1.82 and increased their 2026 revenue estimate to $7.28 billion from $7.17 billion.</p><p>Wedbush reiterated its neutral rating and a $72 price target on the stock.</p><p>Shares of GlobalFoundries were up 2.3% in Thursday afternoon trading.</p><p>Price: 50.63, Change: +1.17, Percent Change: +2.37</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GFS","symbol_name":"GLOBALFOUNDRIES Inc.","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2657561556","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2657561556","pubTimestamp":1786033534,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"GlobalFoundries  met higher buy-side expectations in Q2, with stronger-than-expected growth in Communication Infrastructure, Datacenter and intellectual property, Wedbush Securities said in a Thursday note.The investment firm said that while GlobalFoundries had set a low bar for Q2, the results at least met higher buy-side targets, with revenue and non-IFRS gross margins above the high end of the company's prior forecast and adjusted earnings at the high end.Wedbush said faster growth in higher-margin products, including Communication Infrastructure, Datacenter and intellectual property, along with improving pricing discussions with customers for 2027, should continue to benefit GlobalFoundries' product mix.The analysts raised their 2026 adjusted earnings estimate to $1.93 per share from $1.82 and increased their 2026 revenue estimate to $7.28 billion from $7.17 billion.Wedbush reiterated its neutral rating and a $72 price target on the stock.Shares of GlobalFoundries were up 2.3% in T","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GFS":"GLOBALFOUNDRIES Inc.","BK4605":"半导体精选","BK4585":"ETF&股票定投概念","BK4141":"半导体产品","GFS.AU":"Gasfields","BK4588":"碎股"},"translate_title":"Wedbush 表示，GlobalFoundries 第二季度满足了更高的买方预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GFS.AU":1,"GFS":1},"content_text":"GlobalFoundries (GFS) met higher buy-side expectations in Q2, with stronger-than-expected growth in Communication Infrastructure, Datacenter and intellectual property, Wedbush Securities said in a Thursday note.The investment firm said that while GlobalFoundries had set a low bar for Q2, the results at least met higher buy-side targets, with revenue and non-IFRS gross margins above the high end of the company's prior forecast and adjusted earnings at the high end.Wedbush said faster growth in higher-margin products, including Communication Infrastructure, Datacenter and intellectual property, along with improving pricing discussions with customers for 2027, should continue to benefit GlobalFoundries' product mix.The analysts raised their 2026 adjusted earnings estimate to $1.93 per share from $1.82 and increased their 2026 revenue estimate to $7.28 billion from $7.17 billion.Wedbush reiterated its neutral rating and a $72 price target on the stock.Shares of GlobalFoundries were up 2.3% in Thursday afternoon trading.Price: 50.63, Change: +1.17, Percent Change: +2.37","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657561556","isCrawlerRequest":true}