(PR) GlobalFoundries Reports Third Quarter 2024 Financial Results

GlobalFoundries Inc. (GF) today announced preliminary financial results for the third quarter ended September 30, 2024.

Key Third Quarter Financial Highlights
  • Revenue of $1.739 billion
  • Gross margin of 23.8% and Non-IFRS gross margin of 24.7%
  • Operating margin of 10.6% and Non-IFRS operating margin of 13.6%
  • Net income of $178 million and Non-IFRS net income of $229 million
  • Non-IFRS adjusted EBITDA of $627 million
  • Cash, cash equivalents and marketable securities of $4.3 billion
  • Year to date net cash provided by operating activities of $1,265 million and Non-IFRS adjusted free cash flow of $779 million
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