GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 19c

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Go back to GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 19c

GlobalFoundries Reports First Quarter 2022 Financial Results

May 10, 2022 4:01 PM EDT

Revenue up 37% year-over-year, Record Gross Margin and Net Income

MALTA, N.Y., May 10, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2022.

Key First Quarter Financial Highlights

Record revenue of $1.94 billion, up 37% year-over-year.Record gross margin of 24.2% and adjusted gross margin of 25.3%.Record operating margin of 11.6% and adjusted operating margin of... More