GLOBALFOUNDRIES Inc. (NASDAQ:GFS) Q1 2024 Earnings Conference Call May 7, 2024 8:30 AM ET Company Participants Sam Franklin - Vice President of Business Finance & Investor Relations Thomas Caulfield - Chief Executive Officer John Hollister - Chief Financial Officer Niels Anderskouv - Chief Business Officer Conference Call Participants Vivek Arya - Bank of America Securities Chris Caso - Wolfe Research Harlan Sur - JP Morgan Joseph Moore - Morgan Stanley Christopher Danely - Citi Ross Seymore - Deutsche Bank ...

For the quarter ended March 2024, GlobalFoundries Inc. (GFS) reported revenue of $1.55 billion, down 15.9% over the same period last year. EPS came in at $0.31, compared to $0.52 in the year-ago quarter.The reported revenue represents a surprise of +1.80% over the Zacks Consensus Estimate of $1.52 billion. With the consensus EPS estimate being $0.23, the EPS surprise was +34.78%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall S ...

Key TakeawaysShares of semiconductor manufacturer GlobalFoundries surged as markets opened Tuesday on the back of a first-quarter earnings report that included income nearly doubling analyst expectations.However, GlobalFoundries' financial performance fell year-over-year as the semiconductor market has corrected.The company was also one of the beneficiaries of the CHIPS Act, receiving a $1.5 billion grant from the Biden administration earlier this year to expand its operations in New York and Vermont. Share ...

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 34.78%. A quarter ago, it was expected that this company would post earnings of $0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%.Over the last four quarters, the compa ...

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 - GLOBALFOUNDRIES INC. INTERIM CONDENSED CONSOLIDATED STATEMEN ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 _________________________ FORM 20-F _________________________ o REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR o SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 1 ...

MALTA, N.Y., April 22, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ:GFS) (GF) is furthering its commitment to sustainable operations and fighting climate change with the announcement of two new long-term goals to achieve net-zero greenhouse gas (GHG) emissions and 100% carbon-neutral power by 2050. The new 2050 goals are aligned with Paris Agreement goals, and build upon GF's Journey to Zero Carbon pledge in 2021 to reduce its greenhouse gas emissions by 25% from 2020 to 2030, even as the company contin ...

MALTA, N.Y., April 05, 2024 (GLOBE NEWSWIRE) --  GlobalFoundries (NASDAQ:GFS) today announced that it will host a conference call on Tuesday, May 7, 2024, at 8:30 a.m. ET following the release of the company's first quarter 2024 financial results. Conference Call and Webcast Information The company will host a conference call with the financial community on Tuesday, May 7, 2024, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here. The company's financial results an ...

When I last wrote about GlobalFoundries ((GFS) in early July, as shares were trading near $65, I summed up that this "US-based Semi fabricator fights to draw new business in a global nanometer AI-chip war."Well after their Q4 report two weeks ago, the story has not improved, with continued year-over-year declines in sales and profits and weaker guidance for both that has dropped the stock back into the cellar of the Zacks Rank.My July article gives a good overview of where GlobalFoundries fits in the semico ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...