GlobalFoundries (GFS) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - GlobalFoundries Inc. reported $1.83 billion in revenue for Q4 2024, reflecting a year-over-year decline of 1.3% and an EPS of $0.46 compared to $0.64 a year ago, with a slight EPS surprise of +2.22% [1] - The revenue matched the Zacks Consensus Estimate, indicating a surprise of -0.15% [1] Financial Performance Metrics - Wafer shipment volume was 595, exceeding the average estimate of 572 by four analysts [4] - Net revenue from wafer fabrication was $1.68 billion, slightly above the average estimate of $1.65 billion by five analysts [4] - Revenue from smart mobile devices was $738 million, below the average estimate of $779.43 million [4] - Non-wafer revenue and other generated $153 million, falling short of the average estimate of $186.54 million [4] - Revenue from home and industrial IoT was $355 million, closely aligning with the average estimate of $354.20 million [4] - Automotive revenue reached $414 million, surpassing the average estimate of $355.43 million [4] - Revenue from communications infrastructure and datacenter was $170 million, exceeding the average estimate of $158.58 million [4] Stock Performance - GlobalFoundries shares have returned -7.5% over the past month, contrasting with the Zacks S&P 500 composite's +4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]