GLOBALFOUNDRIES-GlobalFoundries Reports Third Quarter 2024 Financial Results

MALTA, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2024. Key Third Quarter Financial Highlights Revenue of $1.739 billionGross margin of 23.8% and Non-IFRS gross margin(1) of 24.7%Operating margin of 10.6% and Non-IFRS operating margin(1) of 13.6%Net income of$ 178 million and Non-IFRS net income(1) of $229 millionNon-IFRS adjusted EBITDA(1) of$ 627 millionCash, cash equivalents and ma ...