PerpEquities

GLOBALFOUNDRIES Inc. (GFS) financials

NASDAQ · Technology · Semiconductors · 14,000 employees · CEO Timothy Graham Breen

Price
$41.90 -8.62%
Market cap
$23B
Enterprise value
$23.6B
Last report
Q2 '26 filed 2026-08-05
Next report
2026-11-04 EPS est. $0.51
Revenue (TTM)$6.94B+1.4% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)11.6%+14.1 pp vs a year agoOperating income $804M
Net income (TTM)$716M+722.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$796M-18.1% vs a year agoCapex $1.12B
Diluted EPS (TTM)$1.28+709.5% vs a year agoSum of the last 4 quarters
Net cash$679M-51.9% vs a year agoCash + short-term investments - debt

Valuation & key figures

Market cap
$23B
EV $23.6B
Revenue
$6.94B
Trailing 12 months
Revenue growth
+8%
FY2026 consensus
Profit margin
10.3%
Net income / revenue, TTM
P/E
32.5×
Forward 21.6× (FY2026)
P/S
3.3×
Price / sales, TTM
EV / EBITDA
11.2×
TTM
Free cash flow
$796M
Trailing 12 months
Net income
$716M
Trailing 12 months
Revenue estimate
$7.31B
FY2026 consensus
Earnings
2026-11-04
Revenue est. $1.89B
Dividend
$0.12
Per share, last 12 months

Key takeaways

Computed from the reported numbers - every statement carries the figure it rests on.

  • Last report (2026-08-05): revenue beat by 1.2%, EPS beat by 6.3%Revenue $1.79B vs $1.77B expected (+1.2%); EPS $0.46 vs $0.43 (+6.3%).
  • Revenue growth accelerating: 5.8% year on yearQ2 '26 revenue $1.79B, against an average of 0.9% over the four quarters before.
  • Operating margin 11.6% (TTM), +14.1 pp on a year agoOperating income grew 575.7% while revenue grew 1.4%.
  • Capex 16.1% of revenue (a year ago 9.1%)$1.12B invested in the last 4 quarters (+80.1% on a year earlier). Free cash flow $796M = 111.2% of net income.
  • Returned $405M to shareholders = 50.9% of free cash flowBuybacks $405M (a year earlier $0), dividends $0, stock-based pay $234M (TTM).
  • Diluted share count down 0.2% in a year556M diluted shares in Q2 '26, 557M a year earlier.
  • Net cash $679MCash + short-term investments $2.36B, debt incl. leases $1.68B; a year ago net cash $1.41B.

Last quarter: Q2 '26

Quarter ended 2026-06-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.

Quarter vs a year ago

Q2 '26Year agoChange
Revenue$1.79B$1.69B+5.8%
Gross margin28.3%24.2%+4.1 pp
Operating income$174M$196M-11.2%
Operating margin9.7%11.6%-1.9 pp
Net income$166M$228M-27.2%
Diluted EPS$0.30$0.41-26.8%
Operating cash flow$405M$431M-6.0%
Capex$411M$159M+158.5%
Free cash flow-$6M$272M-102.2%
R&D$174M$134M+29.9%
Stock-based compensation$68M$52M+30.8%

Reported vs consensus

2026-08-05
ActualConsensusvs consensus
Revenue$1.79B$1.77B+1.2%
EPS (as estimated)$0.46$0.43+6.3%

From the report of 2026-08-05 for Q2 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.

EPS vs consensus

last 8 reports

Revenue

Where the money comes from - by business line and by region, quarter by quarter.

Revenue, operating income and growth

quarterly

Revenue by business line

stacked, quarterly
SegmentQ4 '23y/yShareTTMTTM y/y12 quarters
Water Fabrication$5.09B+159.8%91.8%––
Engineering And Other Pre-Fabrication Services$454M+222.0%8.2%––

Margins & cost structure

How much of each unit of revenue is left at each level - and where the costs go.

Margins

quarterly

Costs as % of revenue

quarterly

Cash flow & capital allocation

Cash generated, what it is spent on, and what reaches shareholders.

Operating cash flow, capex, free cash flow

quarterly

Uses of cash vs operating cash flow

fiscal years

Last 4 quarters

cash flow statement
Operating cash flow
$1.92B
Capex
-$1.12B
Buybacks
-$405M
Dividends
$0
Acquisitions
-$1.1B
Net debt issued
-$136M
Stock-based compensation
$234M
Free cash flow
$796M
Returned to shareholders / FCF
50.9%

Share count and EPS

quarterly, diluted

Balance sheet

Liquidity, investments and debt at each quarter end.

Cash, investments and debt

quarter ends

Valuation & returns

Today's multiples against the company's own last five fiscal years; analyst targets and ratings.

Multiples and returns

TTM vs 5 fiscal years
Now5y averageWhere today sits in the 5-year range
P/E (TTM)32.5×24.9× 3 of 5 years20.0× – 32.8×
EV / EBITDA11.2×13.5×8.7× – 21.0×
EV / Sales3.4×3.9×2.8× – 4.9×
Price / FCF28.9×43.9× 4 of 5 years19.3× – 104.2×
Price / Book1.9×2.8×1.6× – 4.1×
FCF yield3.5%2.5%-1.5% – 5.2%
Return on invested capital4.5%3.5%-1.5% – 7.5%
Return on equity6.1%5.1%-3.1% – 14.6%

Analysts

Consensus target $79.69 (+90.2%)
range $51.00 – $140.00 · rating Buy

Strong buy0
Buy11
Hold7
Sell1
Strong sell0

Outlook

Analyst consensus for the coming fiscal years and what it implies at today's price.

Consensus estimates

Fiscal yearRevenueGrowthEPSGrowthP/E at today's priceAnalysts (EPS)
FY2026$7.31B+7.6%$1.94+21.9%21.6×15
FY2027$8.21B+12.4%$2.53+30.4%16.6×16
FY2028$9.39B+14.3%$3.38+33.7%12.4×10
FY2029$11B+17.6%$5.61+66.0%7.5×4
FY2030$12.1B+9.5%$5.63+0.3%7.4×4

Financial statements

Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.

Income statementRevenue, costs, operating income, net income and EPSOpenBalance sheetCash, investments, assets, debt, liabilities and equityOpenCash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates are standardised from the company's filings.

Data as of 2026-11-02