UBS raised its price target on GLOBALFOUNDRIES Inc. to $50 from $45 on 12 February, maintaining a neutral rating. The bank cited 2026 as a transition year as the semiconductor foundry's end-market exposure shifts. The upgrade followed strong fourth-quarter results, with earnings per share of 55 cents beating consensus estimates of 47 cents and revenue of $1.83 billion exceeding expectations of $1.8 billion. Non-IFRS gross margin expanded nearly 400 basis points year-over-year. TD Cowen and Baird also raised their price targets to $56 and $60 respectively, with analysts highlighting momentum in communications, data centres, defence, aerospace and automotive sectors. CEO Tim Breen said recent acquisitions are expanding capabilities to serve AI data centre and onshoring megatrends.

Globalfoundries shares surged 16.32% to $48.74 on Wednesday, reaching a one-year high after the chipmaker swung to profitability in 2025. The company reported net income of $888 million, a 439% improvement from a $262 million loss in 2024, despite revenues rising just 1% to $6.79 billion. In the fourth quarter, Globalfoundries posted net income of $200 million, reversing a $729 million loss from the previous year, whilst revenues remained flat at $1.83 billion. The company also announced a $500 million share buyback programme running for 12 months to boost shareholder value. The initiative will be executed through open market purchases and privately negotiated transactions and may be modified or terminated at any time.

The dual acquisition of InfiniLink in Cairo and AMF in Singapore positions GlobalFoundries to accelerate next-generation optical engines and 400G/λ data center innovation.