Globalfoundries Inc. ( (GFS) ) has released its Q4 earnings. Here is a breakdown of the information Globalfoundries Inc. presented to its investors.
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GlobalFoundries Inc., a leading semiconductor manufacturer, focuses on developing and delivering feature-rich process technology solutions in high-growth markets, offering a unique mix of design, development, and fabrication services with a global manufacturing footprint.
In its recent earnings report, GlobalFoundries announced financial results for the fourth quarter and fiscal year 2024, highlighting its strong performance despite industry challenges. The company reported a revenue of $1.830 billion for Q4 and $6.750 billion for the full year.
Key financial metrics for Q4 showed a gross margin of 24.5% and a net loss of $729 million, while non-IFRS metrics indicated a net income of $256 million and an adjusted EBITDA of $661 million. For the full year 2024, GlobalFoundries achieved a non-IFRS net income of $870 million and an adjusted free cash flow of $1.107 billion. Strategic initiatives included a $935 million impairment charge related to its Malta facility and the launch of an advanced packaging and photonics center supported by government grants.
The company also announced partnerships to advance smart card technology and AI interconnect solutions, showcasing its commitment to innovation and market expansion. Looking forward, GlobalFoundries remains optimistic about its growth prospects in 2025, driven by strong design win momentum and a diversified technology platform roadmap.
