Why Is GlobalFoundries Stock Trading Higher Wednesday? - GLOBALFOUNDRIES (NASDAQ:GFS)

GlobalFoundries (NASDAQ:GFS) Announces Quarterly Earnings Results

GlobalFoundries (NASDAQ:GFS - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.08. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.80 billion. GlobalFoundries had a negative net margin of 0.65% and a positive return on equity of 6.64%. The firm's quarterly revenue…

Why Is GlobalFoundries Stock Trading Higher Wednesday? - GLOBALFOUNDRIES (NASDAQ:GFS)

GlobalFoundries (GFS) tops Q4 expectations and announces a $500 million buyback. CEO Tim Breen explains the company's pivot to "Physical AI"—the tech powering tomorrow's autonomous cars and robots—and a path to $1 billion in silicon photonics revenue. Importance Rank:  1

GlobalFoundries accelerates silicon photonics targets; eyes US$1 Billion revenue run rate by 2028

GlobalFoundries is aggressively pulling forward its financial targets for silicon photonics (SiPh), betting that the "insatiable" demand for AI compute will cement its position as a critical provider of high-speed data interconnects.