Globalfoundries (GFS) Change in Taxes (2023 - 2026)
Globalfoundries' (GFS) quarterly Change in Taxes came in at -$13.0 million in Q2 2026, down 160.0% year-over-year from $21.7 million in Q2 2025, and down 225.0% quarter-over-quarter from -$4.0 million in Q1 2026.
Analysis
Globalfoundries (GFS) Change in Taxes (2023 - 2026) Analysis & Trends
Globalfoundries has disclosed Change in Taxes across 4 years of filings, most recently posting -$13.0 million for Q2 2026.
- In Q2 2026, Change in Taxes fell 160.0% year-over-year to -$13.0 million; the TTM figure through Jun 2026 stood at -$30.0 million (down 50.0% YoY), while the FY2025 annual figure was -$19.0 million, up 38.71% from the prior year.
- Change in Taxes came in at -$13.0 million for Q2 2026 at Globalfoundries, down from -$4.0 million in the prior quarter.
- In the past five years, Change in Taxes ranged from a high of -$1.0 million in Q1 2025 to a low of -$14.0 million in Q2 2024.
- Average Change in Taxes over 4 years is -$6.8 million, with a median of -$6.0 million recorded in 2023.
- Year-over-year, Change in Taxes soared 66.67% in 2025 and tumbled 300.0% in 2026.
- Over 4 years, Change in Taxes stood at -$6.0 million in 2023, then tumbled by 133.33% to -$14.0 million in 2024, then surged by 57.14% to -$6.0 million in 2025, then plunged by 116.67% to -$13.0 million in 2026.
- Per Business Quant data, the three most recent Change in Taxes figures were -$13.0 million in Q2 2026, -$4.0 million in Q1 2026, and -$6.0 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Taiwan Semiconductor Manufacturing | 2,246.74 Bn | 2,142.69 Bn | 27.22 Bn | -5.95 Bn |
| 2 | Micron Technology | 1,101.07 Bn | 1,075.05 Bn | 35.06 Bn | - |
| 3 | Intel | 519.13 Bn | 505.00 Bn | 6.51 Bn | -646.00 Mn |
| 4 | Texas Instruments | 245.39 Bn | 238.39 Bn | 3.35 Bn | -14.00 Mn |
| 5 | Analog Devices | 183.54 Bn | 181.22 Bn | 2.71 Bn | - |
| 6 | NXP Semiconductors | 59.67 Bn | 56.81 Bn | 2.00 Bn | - |
| 7 | United Microelectronics | 57.00 Bn | 53.04 Bn | 706.26 Mn | - |
| 8 | STMicroelectronics | 45.78 Bn | 41.92 Bn | 1.22 Bn | - |
| 9 | Microchip Technology | 40.29 Bn | 40.02 Bn | 938.90 Mn | 29.40 Mn |
| 10 | Globalfoundries | 26.10 Bn | 23.80 Bn | 505.00 Mn | -13.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.00 Mn |
| Mar 31, 2026 | -4.00 Mn |
| Dec 31, 2025 | -6.00 Mn |
| Sep 30, 2025 | -7.00 Mn |
| Jun 30, 2025 | -5.00 Mn |
| Mar 31, 2025 | -1.00 Mn |
| Dec 31, 2024 | -14.00 Mn |
| Jun 30, 2024 | -14.00 Mn |
| Mar 31, 2024 | -3.00 Mn |
| Dec 31, 2023 | -6.00 Mn |
| Sep 30, 2023 | -2.00 Mn |