GlobalFoundries Launches Mubadala Secondary Offering and $300 Million Share Buyback

GlobalFoundries Inc ( (GFS) ) has provided an announcement.

On March 11, 2026, GlobalFoundries announced the launch of a secondary public offering of 20,000,000 ordinary shares, all to be sold by Mubadala Technology Investment Company, a subsidiary of its largest shareholder Mubadala Investment Company PJSC. The selling shareholder may also grant underwriters a 30‑day option to buy up to an additional 3,000,000 shares, while GlobalFoundries itself will not issue new shares or receive proceeds from the sale.

Concurrently, GlobalFoundries plans to repurchase approximately $300 million of Mubadala’s shares from the underwriters as part of a previously approved $500 million buyback authorization, funding the transaction with existing cash. The repurchase, which is conditioned on the closing of the offering but not on any exercise of the underwriters’ option, is set to occur substantially simultaneously with the offering and is expected to modestly support share value while slightly reducing Mubadala’s stake without diluting other shareholders.

The most recent analyst rating on (GFS) stock is a Buy with a $58.00 price target. To see the full list of analyst forecasts on GlobalFoundries Inc stock, see the GFS Stock Forecast page.

Spark’s Take on GFS Stock

According to Spark, TipRanks’ AI Analyst, GFS is a Neutral.

The score is driven primarily by solid financial footing (low leverage and strong cash generation) and a constructive technical trend. Earnings-call signals are supportive (margin expansion, design wins, acquisitions and buyback) but tempered by near-term revenue softness and investment-driven free-cash-flow pressure. Valuation is a clear drag due to the provided negative P/E and lack of a dividend yield.

To see Spark’s full report on GFS stock, click here.

More about GlobalFoundries Inc

GlobalFoundries Inc. is a leading contract manufacturer of essential semiconductors used in automotive, smart mobile devices, internet of things, communications infrastructure and other high‑growth markets. The company operates a global manufacturing footprint across the U.S., Europe and Asia, positioning it as a trusted, secure and sustainable supplier to customers worldwide.

Average Trading Volume: 4,536,733

Technical Sentiment Signal: Buy

Current Market Cap: $25.92B

For an in-depth examination of GFS stock, go to TipRanks’ Overview page.