GLOBALFOUNDRIES (GFS) Tops Q4 EPS by 7c

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GlobalFoundries Reports Fourth Quarter and Fiscal Year 2021 Financial Results

February 8, 2022 4:01 PM EST

MALTA, N.Y., Feb. 08, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2021.

Key Fourth Quarter Financial Highlights

Record revenue of $1.85 billion, up 9% sequentially.Record gross margin of 20.8% and adjusted gross margin of 21.5%.Record operating margin of 5% and adjusted operating margin of 8%.Net income margin of 2% and adjusted EBITDA... More