GLOBALFOUNDRIES Inc. (GFS)
- Zacks
GlobalFoundries (GFS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for GlobalFoundries (GFS) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
- Investor's Business Daily
Chipmaker GlobalFoundries Tops Q1 Views, Offers Reassuring Outlook
Contract chipmaker GlobalFoundries beat estimates for the first quarter and offered in-line to better-than-expected guidance for the current period.
- Reuters
GlobalFoundries forecasts Q2 revenue, profit above estimates on chip market recovery
The upbeat forecast is the latest positive sign for the industry after earnings of chip firms including NXP Semiconductors and Texas Instruments showed that demand was picking up, aided by orders from the industrial sector. "Pockets of the semiconductor industry" have started to emerge from inventory corrections, GlobalFoundries CEO Thomas Caulfield said in a statement. GlobalFoundries — the world's third-largest contract chipmaker — had won $1.5 billion in subsidies from the U.S. government earlier this year, which it plans to use for the construction of a new semiconductor production facility in Malta, New York and expand existing operations there and in Burlington, Vermont.
