GlobalFoundries

GLOBALFOUNDRIES, Inc. provides foundry services and manufactures semiconductors. It offers global shuttle, mask, post-fab and turnkey services. The company was founded in 2009 and is headquartered in Malta, NY.

Earnings data Q3 2021

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GlobalFoundries surpasses revenue targets, eyes growth amid industry challenges

GlobalFoundries delivered strong financial performance in Q4 2022, exceeding revenue guidance and improving margins, driven by growth across key end markets.
The company's focus on innovation, customer engagements, and cost-saving initiatives positions it well to navigate industry challenges and capitalize on growth opportunities.
Anticipated revenue trough in H1 2023 requires strategic planning, while investments in capacity expansion and operational efficiency enhance long-term prospects.
Revenue growth from single-source business and deep customer partnerships underscore financial resilience and potential for significant free cash flow generation.

GlobalFoundries (GFS) reports resilient Q1 results amidst semiconductor challenges

GlobalFoundries (GFS) navigated Q1 challenges with resilience, focusing on revenue diversification and strategic leadership additions.
Despite industry headwinds, the company remains positioned for growth through capacity expansion and differentiated product offerings.
Anticipated sequential revenue growth, cautious market outlook, and focus on key growth drivers signal a balanced approach to future opportunities.

GlobalFoundries exceeds Q2 expectations, eyes growth in automotive and A&D

GlobalFoundries delivered strong Q2 results, showcasing robust revenue, margin, and earnings performance.
The company's strategic collaborations, accreditations, and market focus position it well for future growth.
Challenges include revenue decline outlook for 2023 and the need to navigate varying ASP trends by end markets.
Opportunities lie in expanding revenue in automotive and A&D markets, leveraging government incentives, and maintaining pricing competitiveness.

GlobalFoundries exceeds Q3 expectations, eyes automotive growth opportunities

GlobalFoundries (GFS) delivered strong Q3 2023 results, exceeding revenue and EPS guidance, with a focus on key market progress and capacity expansion
Challenges include industry transitions impacting revenue growth and concerns over macroeconomic uncertainties and smart mobile devices market dynamics
Opportunities lie in the automotive sector beyond electrification, with a focus on autonomous and connected vehicles, alongside stable LTAs pricing
The company's performance, strengths, challenges, and opportunities position it for continued growth and resilience in the semiconductor industry

GlobalFoundries surpasses Q4 revenue targets, eyes growth amid challenges

GlobalFoundries (GFS) navigated challenges in 2023, exceeding revenue guidance and focusing on strategic partnerships. Caution for 2024 outlook due to market dynamics, but confidence in increased free cash flow delivery. Emphasis on differentiation, stable pricing, and capacity expansion positions GF for growth and resilience.

GlobalFoundries surpasses Q1 guidance, eyes automotive and mobile growth

GlobalFoundries delivered strong Q1 results, exceeding revenue guidance and showcasing resilience in challenging end markets.
The company's focus on LTAs, strategic capacity expansion, and market diversification positions it well for future growth and profitability.
Despite challenges in certain segments, opportunities in automotive, smart mobile devices, and IoT markets offer avenues for revenue expansion.
CHIPS Act funding and LTAs totaling $30 billion in lifetime revenue underscore GlobalFoundries' commitment to supply surety and market resilience.

GlobalFoundries surpasses Q2 expectations, eyes growth in diversified markets

GlobalFoundries delivered strong Q2 2024 results, exceeding guidance and showcasing solid financial performance.
Strategic investments, diversified revenue streams, and focus on differentiated technology highlight growth prospects.
Challenges in maintaining gross margin and navigating industry competition require strategic planning and operational efficiency.

GlobalFoundries excels in Q3 earnings, eyes growth in key markets

GlobalFoundries delivered a strong Q3 performance, surpassing financial targets and demonstrating resilience in a competitive semiconductor market.
With a focus on diversification, strategic partnerships, and market expansion, the company is well-positioned to capitalize on growth opportunities in key sectors.
Challenges in pricing dynamics and technology evolution require proactive strategies, but GlobalFoundries' strengths in operational efficiency and market positioning offer a solid foundation for future success.

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GLOBALFOUNDRIES, Inc. provides foundry services and manufactures semiconductors. It offers global shuttle, mask, post-fab and turnkey services. The company was founded on October 7, 2008 and is headquartered in Malta, NY.

Intel

The U.S. awarded GlobalFoundries $1.5 billion in CHIPS Act subsidies on Monday. Intel reportedly could soon get more than $10 billion.

U.S. Awards GlobalFoundries $1.5 Billion From CHIPS Act; Big Intel Subsidies Soon?

The grant will go toward chips for the auto and defense industries, and is the largest award to date from $39 billion in government funding.

U.S. Awards $1.5 Billion to Chipmaker GlobalFoundries

The U.S. government is awarding $1.5 billion to GlobalFoundries to expand semiconductor production, the Biden administration said on Monday, in a bid to strengthen domestic supply chains.

US awards $1.5 bln to GlobalFoundries for domestic semiconductor production

GlobalFoundries' (GFS) fourth-quarter results reflect weakness across the smart mobile devices, communications infrastructure and datacenter, home and industrial IoT, and personal computing markets.

GlobalFoundries (GFS) Q4 Earnings & Revenues Beat, Dip Y/Y

GLOBALFOUNDRIES Inc. (GFS) Q4 2023 Earnings Call Transcript

The headline numbers for GlobalFoundries Inc. (GFS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

GlobalFoundries Inc. (GFS) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

GlobalFoundries Inc. (GFS) came out with quarterly earnings of $0.64 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $1.44 per share a year ago.

GlobalFoundries Inc. (GFS) Q4 Earnings and Revenues Top Estimates

GlobalFoundries forecast first-quarter results below Wall Street estimates on Tuesday, as the contract chipmaker faces competition from larger rivals while a supply glut persists in certain pockets of the semiconductor industry.

Chipmaker GlobalFoundries forecasts Q1 results below estimates, shares drop

GlobalFoundries delivered in-line to better-than-expected results for the fourth quarter but guided well below views for the current period.

GlobalFoundries Latest Chipmaker To Guide Lower For March Quarter

MALTA, N.Y., Feb. 13, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023.

GlobalFoundries Reports Fourth Quarter 2023 and Fiscal Year 2023 Financial Results

GlobalFoundries (GFS) fourth-quarter 2023 results are likely to reflect strength across automotive and IoT end markets. However, weakness in communications infrastructure and data center markets is a concern.

GlobalFoundries (GFS) to Report Q4 Earnings: What's in the Offing?

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MUNICH, Germany and MALTA, N.Y., Jan. 22, 2024 (GLOBE NEWSWIRE) -- Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a new multi-year agreement on the supply of Infineon's AURIX™ TC3x 40 nanometer automotive microcontrollers as well as power management and connectivity solutions. The additional capacity will contribute to secure Infineon's business growth from 2024 through 2030.

Infineon and GlobalFoundries Extend Long-Term Agreement with Focus on Automotive Microcontrollers

Amkor Technology

TEMPE, Ariz.--(BUSINESS WIRE)--Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal.

Amkor and GlobalFoundries Cut Ribbon on Strategic Cooperation in Portugal

Global asset manager Keppel's infrastructure business will supply electricity to the Singapore operations of contract chipmaker GlobalFoundries under a multi-year agreement, the companies said on Tuesday.

Singapore's Keppel signs power supply deal with chipmaker GlobalFoundries

MALTA, N.Y., Jan. 08, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, February 13, 2024, at 8:30 a.m. ET following the release of the company's fourth quarter and full-year 2023 financial results.

GlobalFoundries Announces Conference Call to Review Fourth Quarter and Full-Year 2023 Financial Results

MALTA, N.Y., Dec. 13, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (Nasdaq: GFS) (GF) has been named to Newsweek's list of “America's Most Responsible Companies 2024.” It marks the second consecutive year GF was included on Newsweek's list, and is the latest recognition of GF's longstanding commitment to ESG (environment, social, and corporate governance) and environmentally sustainable manufacturing.

GlobalFoundries Named to “America's Most Responsible Companies 2024” List

MALTA, N.Y., Dec. 11, 2023 (GLOBE NEWSWIRE) -- GlobalFoundries (NASDAQ: GFS) today announced that John Hollister will join the company as Chief Financial Officer (CFO), effective February 5, 2024. Hollister, a semiconductor industry veteran, will be responsible for GF's financial strategy and will lead the company's global finance organization.

GlobalFoundries Names John Hollister as Chief Financial Officer

HOD HASHARON, Israel, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Weebit Nano Limited (ASX:WBT), a leading developer of advanced memory technologies for the global semiconductor industry, has received the first wafers integrating its embedded Resistive Random-Access Memory (ReRAM) manufactured in GlobalFoundries' 22FDX® platform. Initial tests of the wafers in this advanced 22nm FD-SOI (fully depleted silicon on insulator) are showing positive results on the array.

Weebit Nano receives wafers manufactured in GlobalFoundries' 22FDX® process

Program designed to build a critical talent pipeline by easing the burden of education debt for U.S. employees Program designed to build a critical talent pipeline by easing the burden of education debt for U.S. employees

GlobalFoundries Announces New Multi-Million Dollar Student Loan Repayment Program to Strengthen Semiconductor Workforce

GlobalFoundries (GFS) shares jumped 5% Tuesday after the semiconductor manufacturer reported third-quarter earnings that beat estimates on resilient demand, sending other semiconductor stocks higher as well.

GlobalFoundries Posts Better-Than-Expected Earnings on Resilient Demand

GlobalFoundries (GF) has reported third-quarter earnings that beat expectations and provided upbeat guidance for the final quarter of 2023, sending its shares higher on Tuesday morning. The chip maker posted an 11% decline in revenue for the quarter ended September 30, 2023, to $1.85 billion, in line with analysts' consensus estimates.

GlobalFoundries rallies on 3Q earnings win, upbeat 4Q guidance

GLOBALFOUNDRIES Inc. (NASDAQ:GFS ) Q3 2023 Earnings Conference Call November 7, 2023 8:30 AM ET Company Participants Sam Franklin - Head, Capital Markets & Vice President, Investor Relations Thomas Caulfield - Chief Executive Officer David Reeder - Chief Financial Officer Niels Anderskouv - Chief Business Officer Conference Call Participants Mark Lipacis - Jefferies Ross Seymore - Deutsche Bank Chris Caso - Wolfe Research Joe Moore - Morgan Stanley Chris Danely - Citigroup Harlan Sur - JPMorgan Operator Good day and thank you for standing by. Welcome to GlobalFoundries Third Quarter of Fiscal Year 2023 Financial Results Conference Call.

GLOBALFOUNDRIES Inc. (GFS) Q3 2023 Earnings Call Transcript

The company's stock was rising early Tuesday after the its third-quarter report impressed.

Chip Maker GlobalFoundries' Earnings Beat Expectations

Contract chipmaker GlobalFoundries beat expectations for earnings in the third quarter while matching views on sales.

News for GlobalFoundries Stock (GFS)