GlobalFoundries (GFS) Reported Q3 EPS Beat as Revenues Grew 56% in First Report Since IPO

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/22/2026

1. SPCX
2. NVDA
3. NFLX
4. META
5. TSLA
6. ISRG
7. SMCI
8. GOOGL
9. RTX
10. S

Go back to GlobalFoundries (GFS) Reported Q3 EPS Beat as Revenues Grew 56% in First Report Since IPO

GlobalFoundries Reports Third Quarter 2021 Financial Results

November 30, 2021 4:01 PM EST

MALTA, N.Y., Nov. 30, 2021 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced financial results for the third quarter ended September 30, 2021.

Key Third Quarter Financial Highlights

Revenue of $1.7 billion, up 5% sequentially, reflecting ongoing demand for our differentiated technologiesRecord gross margins of 17.6% and adjusted gross margins of 18%.Record adjusted EBITDA margins of 30% which grew 84% year-over-year demonstrating continued progress to our target... More