GLOBALFOUNDRIES (GFS) Tops Q4 EPS by 1c, Offers Guidance

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GlobalFoundries Reports Fourth Quarter 2024 and Fiscal Year 2024 Financial Results

February 11, 2025 7:00 AM EST

MALTA, N.Y., Feb. 11, 2025 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2024.

Key Fourth Quarter Financial Highlights

Revenue of $1.830 billionGross margin of 24.5% and Non-IFRS gross margin(1) of 25.4%Operating margin of (38.3)% and Non-IFRS operating margin(1) of 15.6%Net loss of $729 million and Non-IFRS net income(1) of $256... More