GlobalFoundries reports Q4 EPS 55c, consensus 47c

Reports Q4 revenue $1.83B, consensus $1.8B. “GF delivered a strong fourth quarter, with revenue, gross margin, operating margin and earnings per share at or above the high end of the guidance ranges,” said Tim Breen, CEO of GF. “As a result of the team’s strong execution, disciplined cost management, and relentless focus on profitability, we grew Non-IFRS gross margin by nearly 400 basis points year-over-year in the fourth quarter. In addition, our recent acquisitions are expanding GF’s capabilities into a diversified, holistic technology solutions provider, and our differentiated technology and footprint are proving an excellent fit serving the AI Data Center, Physical AI, and on-shoring megatrends defining our industry.”