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GlobalFoundries Reports First Quarter 2024 Financial Results

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 millionNon-IFRS EBITDA(1) of $577 millionCash, cash equivalents and marke

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US Chips Act Beneficiary GlobalFoundries Stock Soars On Q1 Earnings - What's Going On? - GLOBALFOUNDRIES (NASDAQ:GFS)

US Chips Act Beneficiary GlobalFoundries Stock Soars On Q1 Earnings - What's Going On? - GLOBALFOUNDRIES (NASDAQ:GFS)
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Share Market Highlights 7 May, 2024: Sensex and Nifty close lower amidst sectoral weakness; FMCG stocks gain over 2%

Share Market Highlights 7 May, 2024: Sensex and Nifty close lower amidst sectoral weakness; FMCG stocks gain over 2%
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US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday? - Apple (NASDAQ:AAPL)

US Stocks Eye Fourth Positive Session Despite Hawkish Fed Remarks; Disney, Palantir Tumble; Treasury Yields Fall: What's Driving Markets Tuesday? - Apple (NASDAQ:AAPL)
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GLOBALFOUNDRIES (NASDAQ:GFS) Shares Gap Up to $49.73

GLOBALFOUNDRIES (NASDAQ:GFS) Shares Gap Up to $49.73
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