Globalfoundries (GFS) Hits New High on Swing to Profits

NodeGuardian · 2026-02-20T02:57:37+00:00

Globalfoundries (GFS) shares hit a year high after the company reported a net income of $888 million in 2025, reversing a $262 million loss in 2024, despite only a 1% revenue increase. The company also plans a $500 million share buyback.

NodeGuardian

2026-02-20 02:57:37

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Globalfoundries (GFS) shares reached an over one-year high after the company reported a significant swing to profitability in 2025, achieving a net income of $888 million compared to a $262 million net loss in 2024. This financial improvement occurred despite only a 1% increase in net revenues. Additionally, Globalfoundries announced a plan to buy back $500 million worth of its common shares over the next 12 months to enhance shareholder value.

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