GlobalFoundries stock fell 4.27 percent to USD 46.68 on October 16, 2026

Published on 10/17/2026 at 21:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GlobalFoundries stock fell 4.27 percent to USD 46.68 on October 16, 2026. Second-quarter revenue was USD 1.79 billion, up 5.80 percent year over year.

Market positioning and dates

On October 16, 2026, Nasdaq trading left GlobalFoundries stock lower.
Second-quarter revenue reached USD 1.79 billion, up 5.80 percent year over year.
GlobalFoundries stock was last at USD 46.68 at Nasdaq on October 16, 2026 at 4:00 p.m. EDT, down 4.27 percent versus the Nasdaq prior close of USD 48.76.
Stifel kept a Buy rating and USD 60.00 target on October 15, 2026.

GFS, KYG393871085, Illustration mit AI erstellt.

GlobalFoundries stock fell 4.27 percent to USD 46.68 on October 16, 2026, the latest completed Nasdaq session. The move puts the semiconductor manufacturer below its prior close of USD 48.76, while second-quarter revenue had reached USD 1.79 billion, up 5.80 percent year over year, according to MarketBeat.

Revenue growth sets the operating backdrop

The second-quarter revenue figure compares with USD 1.69 billion in the year-ago quarter, producing the reported 5.80 percent increase. The same report showed earnings per share of USD 0.46 against a USD 0.43 consensus estimate, a USD 0.03 gap above expectations, giving the quarterly result a stronger earnings profile than revenue alone suggests.

Stock remains below its yearly high

The stock's 52-week range runs from USD 32.02 to USD 92.55. At USD 46.68, the latest Nasdaq price stood 49.57 percent below the high and 45.78 percent above the low. The year-to-date return was 40.70 percent in the October 15 analyst coverage from Investing.com. Trading volume was 6,080,566 shares, compared with an average of 4,499,926.

Target and results date guide valuation

Price Target reported on October 15, 2026 that Stifel maintained a Buy rating and a USD 60.00 target. That target sits 28.53 percent above the USD 46.68 Nasdaq price. GlobalFoundries had a market capitalization of USD 25.6 billion and a price-to-earnings ratio of 36.47 on October 16, 2026.

The next scheduled reporting date is November 4, 2026, when GlobalFoundries plans to release third-quarter fiscal year 2026 results before its conference call, according to GlobalFoundries.

Comparison with peers

GLOBALFOUNDRIES: minus 4.27 percent, P/E 36.47, market capitalization USD 25.6 billion
United Microelectronics Corporation (NYSE, USD): minus 5.26 percent, P/E 20.00, market capitalization USD 49.4 billion
Taiwan Semiconductor Manufacturing Company (NYSE, USD): minus 2.28 percent, P/E 24.63, market capitalization USD 2.1 trillion

November supplies the next test

The November 4 reporting date will provide the next scheduled measurement of revenue, earnings and guidance. Until then, the key market contrast is a 40.70 percent year-to-date gain against a price that remains 49.57 percent below its 52-week high.

GlobalFoundries was last at USD 46.68 on Nasdaq on October 16, 2026 at 4:00 p.m. EDT, down 4.27 percent versus the Nasdaq prior close of USD 48.76.