GlobalFoundries Inc. (GFS) reported $1.85 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 11.8%. EPS of $0.64 for the same period compares to $1.44 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.85 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +8.47%, with the consensus EPS estimate being $0.59.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $1.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.47%. A quarter ago, it was expected that this company would post earnings of $0.50 per share when it actually produced earnings of $0.55, delivering a surprise of 10%.Over the last four quarters, the company ...

For the second year in a row, GF has earned a place on Newsweek's esteemed list of "America's Most Responsible Companies," underscoring the Company's longstanding commitment to ESG and environmentally sustainable manufacturing practices. Quarterly Revenue Trend 2,101 1,841 1,845 1,852 1,854 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 -12% Y/Y Adjusted Gross Margin Trend 30.1% 28.5% 29.6% 29.2% 29.0% Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 -110 bps GlobalFoundries © 2024 All Rights Reserved 8 (Unaudited) Q4'22 Q1'23 Q2'23 Q3'23 Q4' ...

GlobalFoundries (GFS) is scheduled to report fourth-quarter 2023 results on Feb 13.For the fourth quarter, GFS expects revenues between $1.825 billion and $1.875 billion. The Zacks Consensus Estimate for sales is pegged at $1.85 billion, indicating a decline of 11.9% from the year-ago quarter’s reported value.The company anticipates earnings in the range of 53-64 cents per share. The consensus mark for the same is pegged at 59 cents per share, indicating a 59% fall from the previous-year quarter’s reported ...

GlobalFoundries Reports Fourth Quarter 2023 and Fiscal Year 2023 Financial Results Malta, New York, February 13, 2024 - GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023. Key Fourth Quarter Financial Highlights Key Full Year 2023 Financial Highlights "In the fourth quarter, GF's dedicated teams across the world delivered financial results that exceeded the mid-point of the guidance ranges we provided in our No ...

With the AI boom sending waves throughout the industry, microchip companies and their stocks are logging record profits and production. Nvidia (NASDAQ: NVDA) is the best example of this surge, as it continues to showcase new all-time highs almost every dayAnd with the new U.S. government funding on the way, microchip producers are set to receive billions more.NVDA’s industry rivals, such as Intel (NASDAQ: INTC) and Taiwan Semiconductor Manufacturing (NYSE: TSM), could be set to receive billions in subsidies ...

MUNICH, Germany and MALTA, N.Y., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Infineon Technologies AG (OTCQX:IFNNY) and GlobalFoundries (NASDAQ:GFS) (GF) today announced a new multi-year agreement on the supply of Infineon's AURIX™ TC3x 40 nanometer automotive microcontrollers as well as power management and connectivity solutions. The additional capacity will contribute to secure Infineon's business growth from 2024 through 2030. Infineon and GF have been partnering since 2013 in the development of differentiated au ...

MALTA, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, February 13, 2024, at 8:30 a.m. ET following the release of the company’s fourth quarter and full-year 2023 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, February 13, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The comp ...

GlobalFoundries © 2023 All Rights Reserved 9 Q3'23 Q2'23 Q3'22 Q3'23 vs Q3'22 Q3'23 vs Q2'23 GlobalFoundries © 2023 All Rights Reserved 16 Cash flows from operating activities: Net income $ 249 $ 336 Net cash provided by operating activities $ 416 $ 679 Cash flows from financing activities: Proceeds from issuance of equity instruments and other $ — $ — Proceeds (repayment) of debt, net (54) 95 (1)Finance expense, net and other has been adjusted to include interest and taxes paid that were previously include ...

GLOBALFOUNDRIES INC. TABLE OF CONTENTS | Unaudited Statements | Page | | --- | --- | | Interim Condensed Consolidated Statements of Financial Position | 2 | | Interim Condensed Consolidated Statements of Operations | 3 | | Interim Condensed Consolidated Statements of Comprehensive Income | 4 | | Interim Condensed Consolidated Statements of Changes in Equity | 5 | | Interim Condensed Consolidated Statements of Cash Flows | 6 | | Notes to Interim Condensed Consolidated Financial Statements | 7-16 | - 1 - GLOB ...