GLOBALFOUNDRIES (GFS) Tops Q3 EPS by 7c

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GlobalFoundries Reports Third Quarter 2022 Financial Results

November 8, 2022 7:00 AM EST

MALTA, N.Y., Nov. 08, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the third quarter ended September 30, 2022.

Key Third Quarter Financial Highlights

Record revenue of $2.1 billion, up 22% year-over-year.Record gross margin of 29.4% and adjusted gross margin of 29.9%.Record operating margin of 17.2% and adjusted operating margin of 18.8%.Record net income of $336 million and adjusted net income of $368 million.Record... More