GlobalFoundries’ (GFS) Robust Results Validated the Inflection in Growth and Margins
Key takeaways
- The US equity market started 2026 with elevated volatility amid trade policy uncertainty and geopolitical risks.
- In its first-quarter 2026 investor letter, Meridian Growth Fund highlighted Globalfoundries Inc.
- Meridian Growth Fund stated the following regarding Globalfoundries Inc.
Global Foundries’ (GFS) Robust Results Validated the Inflection in Growth and Margins Soumya Eswaran Mon, May 25, 2026 at 7:29 PM GMT+7 3 min read GFS Meridian Funds, managed by Arrow Mark Partners, released its first-quarter 2026 investor letter for “Meridian Growth Fund”. A copy of the letter can be downloaded here. The US equity market started 2026 with elevated volatility amid trade policy uncertainty and geopolitical risks. Initial optimism from domestic company confidence and the Federal Reserve easing waned following increased tariffs and military strikes against Iran. The value outperformed across the entire market-cap spectrum. Against this backdrop, the Meridian Growth Fund (the “Fund”) returned -7.90%, trailing the Russell 2500 Growth Index benchmark, which returned -3.52%. The underperformance was driven by industry allocation effects, while stock selection was a meaningful positive contributor. In addition, please check the Fund’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Meridian Growth Fund highlighted Globalfoundries Inc. (NASDAQ:GFS). Globalfoundries Inc. (NASDAQ:GFS) is a leading semiconductor foundry that offers wafer fabrication services and technologies. On May 22, 2026, Globalfoundries Inc. (NASDAQ:GFS) closed at $85.64 per share. One-month return of Globalfoundries Inc. (NASDAQ:GFS) was 41.91%, and its shares gained 134.31% over the past 52 weeks. Globalfoundries Inc. (NASDAQ:GFS) has a market capitalization of $47.65 billion.
Meridian Growth Fund stated the following regarding Globalfoundries Inc. (NASDAQ:GFS) in its Q1 2026 investor letter: