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US-headquartered chip foundry making specialty and mature-node chips (RF, power, automotive) rather than chasing the leading edge.
US-headquartered chip foundry making specialty and mature-node chips (RF, power, automotive) rather than chasing the leading edge.
Fabricates chips designed by customers and is paid per wafer, often under multiyear agreements that reserve capacity for them. Created in 2009 from AMD's manufacturing operations, it added plants by buying Singapore's Chartered Semiconductor and IBM's chip fabs. Abu Dhabi's Mubadala investment fund is the largest shareholder, and plants in the US, Germany and Singapore suit customers wanting supply outside Taiwan.
In one line: A specialty-chip peer of UMC, but US-based.
Moat: narrow (process know-how, customer qualification, scale). Focuses on specialty process technology (RF-SOI, automotive) where it holds durable niches rather than leading-edge scale.
Headquarters: Malta, New York, US · Founded: 2009 · Employees: 14,000
Size GlobalFoundries (GFS) is a United States Information Technology company (Semiconductors) with a market value of $21.2B, the 476th largest of 3,117 United States companies the cockpit tracks. Shares closed at $38.62 on 6 Nov 2026.
Performance Over six months the shares fell 47.8%, against -20.5% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 1.4% over the last twelve months (peer median +25.7%); the operating margin is 11.6% (peer median 19.2%).
Valuation It trades at 16.2× forward earnings against a peer median of 31.4× (7th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 25% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +18 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.5 points below its cost of capital (13.2% WACC).
Short interest Short interest is 1.5% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $6.94B | $6.79B | $6.75B | $7.39B | $8.11B |
| Revenue growth | — | +1% | -9% | -9% | — |
| Gross profit | $1.88B | $1.55B | $1.51B | $1.97B | $2.08B |
| EBITDA | $2.05B | $2.11B | $2.30B | $2.65B | $2.88B |
| Net income | $716M | $885M | -$265M | $1.02B | $1.45B |
| Free cash flow | $796M | $1.01B | $1.10B | $321M | -$435M |
| Capital expenditure | $1.12B | $722M | $625M | $1.80B | $3.06B |
| Total debt | $1.68B | $1.71B | $2.32B | $2.75B | $2.86B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| GlobalFoundries GFS | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% |
| TSM TSM | $1.78T | -9% | +35% | 58% | 17.1× | 15.4% |
| United Micro Electronics 2303.TW | $34.9B | +11% | +13% | 21% | 13.7× | 14.2% |
| SamsungElec 005930.KS | $886B | -14% | +88% | 46% | 4.0× | -7.2% |
| SMIC 0981.HK | $76.7B | -41% | +20% | 9% | 32.9× | n/a |
| Tower Semiconductor TSEM | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% |
| SJ Semiconductor 688820.SS | $22.9B | -21% | +1% | n/a | 136.4× | n/a |
| Vanguard International Semiconductor 5347.TWO | $6.82B | -22% | +10% | 17% | 17.7× | n/a |
| Powerchip Semiconductor Manufacturing 6770.TW | $7.54B | -5% | +22% | -5% | 7.6× | 11.3% |
| X-FAB Silicon Foundries XFAB.PA | $709M | -38% | -8% | 2% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GFS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -21.8% | -19.8% | 10th lowest of 21 |
| 6-month return | -47.8% | -20.5% | 3rd lowest of 20 |
| Distance from 52-week high | -58.2% | -52.7% | 7th lowest of 21 |
| Revenue growth (TTM) | +1.4% | +25.7% | 4th lowest of 20 |
| Operating margin | 11.6% | 19.2% | 4th lowest of 18 |
| Forward P/E | 16.2× | 31.4× | 7th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 24.9% | 22.9% | 7th least demanding of 13 |
| Growth delivered (Del g) | +7.0% | +13.5% | 4th lowest of 13 |
| Hurdle (Req g minus delivered) | +18.0 pp | -1.2 pp | 4th most demanding of 13 |
| ROIC minus cost of capital | -7.5 pp | +3.5 pp | 3rd lowest of 18 |
| EV / EBITDA | 10.0× | 22.1× | 3rd cheapest of 8 |
| Net debt / EBITDA | -0.3× | -0.5× | 4th most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GlobalFoundries GFS | United States | $21.2B | -48% | +1% | 12% | 16.2× | 24.9% | +7.0% |
| First Solar FSLR | United States | $21.6B | -9% | -1% | 39% | 9.2× | 12.4% | +14.0% |
| Piotech 688072.SS | China | $21.7B | +23% | +24% | 14% | 55.5× | 43.5% | +71.7% |
| Suzhou TFC Optical Communication 300394.SZ | China | $19.9B | -44% | +26% | 51% | 36.3× | 44.8% | +42.7% |
| SJ Semiconductor 688820.SS | China | $22.9B | -21% | +1% | n/a | 136.4× | n/a | n/a |
| Skyworks Solutions SWKS | United States | $19.3B | +24% | -3% | 9% | 14.3× | 39.4% | -5.0% |
| Shanghai Enflame Technology 688801.SS | China | $23.8B | n/a | n/a | n/a | n/a | n/a | n/a |
| DapuStor 301666.SZ | China | $18.8B | +20% | +611% | 23% | n/a | n/a | n/a |
| Montage Technology 6809.HK | Hong Kong | $24.1B | -49% | +40% | 42% | 45.8× | 8.1% | +23.6% |
| ON Semiconductor ON | United States | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% | +2.7% |
| Moore Threads Technology 688795.SS | China | $25.1B | -53% | +226% | -9% | n/a | n/a | n/a |
| GigaDevice Semiconductor 3986.HK | Hong Kong | $25.1B | -43% | +181% | 50% | 11.6× | -8.8% | +14.6% |
| Global Unichip 3443.TW | Taiwan | $25.1B | +29% | +104% | 13% | 50.1× | n/a | n/a |
| Hua Hong Grace Semiconductor 688347.SS | China | $25.5B | +23% | +18% | -2% | 234.7× | n/a | n/a |
| Winbond Electronic 2344.TW | Taiwan | $16.4B | +22% | +154% | 43% | 2.8× | 0.6% | +8.1% |
| MACOM Technology Solutions MTSI | United States | $16.1B | -41% | +28% | 18% | 23.2× | 49.4% | +12.8% |
| OmniVision Integrated Circuits 603501.SS | China | $16.1B | -12% | +2% | 13% | 31.4× | n/a | n/a |
| Renesas Electronics 6723.T | Japan | $27.9B | -23% | +26% | 24% | 9.9× | 12.2% | +13.0% |
| Tower Semiconductor TSEM | United States | $15.6B | -35% | +22% | 19% | 21.6× | 25.9% | +4.4% |
| Hwatsing Technology 688120.SS | China | $15.4B | +42% | +36% | 18% | 63.8× | 41.8% | +64.4% |
| MetaX Integrated Circuits (Shanghai) 688802.SS | China | $29.5B | -35% | +84% | n/a | 469.5× | n/a | n/a |