GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 8c, Offers Guidance

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/14/2026

1. WDAY
2. AAPL
3. JNJ
4. AMAT
5. META
6. NVDA
7. SPY
8. NRIX
9. SUNS
10. OIG

Go back to GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 8c, Offers Guidance

GlobalFoundries Reports First Quarter 2024 Financial Results

May 7, 2024 7:00 AM EDT

MALTA, N.Y., May 07, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2024.

Key First Quarter Financial Highlights

Revenue of $1.549 billionGross margin of 25.4% and Non-IFRS gross margin(1) of 26.1%Operating margin of 9.5% and Non-IFRS operating margin(1) of 12.1%Net income of $134 million and Non-IFRS net income(1) of $174... More