GLOBALFOUNDRIES Inc. (NASDAQ:GFS) is one of the On May 7, 2026, GLOBALFOUNDRIES Inc. (NASDAQ:GFS) said during its Investor Day that it sees durable growth opportunities tied to AI-centric markets, supported by an expanding technology roadmap focused on scaling AI data centers…
d enabling AI applications in the physical world through its global manufacturing footprint. The company also announced that its board approved GlobalFoundries’ first quarterly dividend
The dividend of 12c per share will be payable on July 14 to shareholders of record as of June 24. GLOBALFOUNDRIES Inc. (NASDAQ:GFS) additionally introduced a new capital allocation framework targeting returns of up to 50% of trailing twelve-month non-IFRS adjusted free cash flow, after investments, through dividends and share repurchases. CEO Tim Breen said the company remains positioned around several long-term trends reshaping the semiconductor industry and is focusing on areas where customers require differentiated technologies and manufacturing scale.
CFO Sam Franklin added that the company’s updated long-term financial framework reflects confidence in multiple growth drivers across higher-margin businesses through the remainder of the decade. On May 6, 2026, Baird raised its price target on GLOBALFOUNDRIES Inc. (NASDAQ:GFS) to $100 from $60 while maintaining an Outperform rating. The firm said it updated its model following Q1 results and expects continued gross margin improvement.