GLOBALFOUNDRIES Inc. (NASDAQ:GFS) is one of the On May 19, 2026, Evercore ISI raised the firm’s price target on GLOBALFOUNDRIES Inc. (NASDAQ:GFS) to $85 from $58 and kept an Outperform rating on the shares.
Following a new round of Q1 AI channel checks, the firm said key themes included a shift from AI training-driven workloads toward inference-driven workloads by the end of 2026
Evercore added that the transition is increasing focus on cost-per-token, return on investment, and total cost of ownership, which is driving greater hyperscaler interest in internally developed ASICs and alternative accelerators. Susquehanna also raised the firm’s price target on GLOBALFOUNDRIES Inc. (NASDAQ:GFS) to $125 from $100 and keeps a Positive rating on the shares. The firm updated its estimates following the company’s analyst day and said the outlook is being supported by improving fundamentals, with communications infrastructure, including silicon photonics, emerging as a key growth driver.
Photo by JESHOOTS.COM on Unsplash Earlier in May, GLOBALFOUNDRIES Inc. (NASDAQ:GFS) reported Q1 EPS of 40c, versus the consensus estimate of 35c. Revenue totaled $1.64B, versus the consensus estimate of $1.63B. CEO Tim Breen said the company delivered strong first-quarter results, with all non-IFRS profitability metrics at or above the high end of guidance ranges.