GlobalFoundries reports Q1 revenue up 3% YoY to $1.63B, matching est., and forecasts Q2 revenue and adjusted earnings above est.; GFS closed up 9.28% on May 5
Contract chipmaker GlobalFoundries (GFS) on Tuesday beat earnings estimates on in-line sales for the first quarter.
GlobalFoundries reports Q1 revenue up 3% YoY to $1.63B, in line with est., and forecasts Q2 revenue and adjusted earnings above estimates; GFS closes up 9.28%
Contract chipmaker GlobalFoundries (GFS) on Tuesday beat earnings estimates on in-line sales for the first quarter.
Seagate and Western Digital, with stocks each up 200%+ in 2025, will join Nasdaq 100 before the December 22 market open; GlobalFoundries will leave the index
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GlobalFoundries plans to spend $16B to boost domestic chip production, including $13B on its New York and Vermont plants and $3B for advanced packaging research
Ian King / Bloomberg :
GlobalFoundries reports Q3 revenue down 6% YoY to $1.7B and expects Q4 revenue of $1.8B-$1.85B, vs. $1.8B est., driven by smartphone chip demand; GFS jumps 11%+
Harshita Mary Varghese / Reuters :
GlobalFoundries reports Q4 revenue down 12% YoY to $1.85B, vs. 1.85B est., net income down 58% YoY to $278M, forecasted sales of $1.52B in Q1, vs. $1.77B est.
Patrick Seitz / Investor's Business Daily :
GlobalFoundries reports record Q4 revenue, up 14% YoY to $2.1B, net income up 1,453% YoY to $668M, and FY 2022 revenue up 23% YoY to $8.1B; GFS rises 8%+
Dan O'Shea / Fierce Electronics : Tweets: @globalfoundries Tweets: @globalfoundries : Below are highlights from our Q4 and full year 2022 financial results announced today. Read more at: https://inve...
STMicro and GlobalFoundries plan to build a €5.7B chip factory in France with full capacity by 2026, with “significant” funding from the French government
GlobalFoundries reports Q4 revenue of $1.85B, up 74% YoY, net income of $43M, up 108% YoY, and FY 2021 revenue of $6.59B, up 36% YoY
GlobalFoundries reports Q3 net revenue rose 56% YoY to $1.7B as profit reached $5M, up from a $293M loss YoY, in its first post-IPO earnings report
The financial report was the company's first as a public company, which started trading publicly in October