GlobalFoundries (GFS) Reported Q3 EPS Beat as Revenues Grew 56% in First Report Since IPO
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GlobalFoundries Reports Third Quarter 2021 Financial Results
November 30, 2021 4:01 PM ESTMALTA, N.Y., Nov. 30, 2021 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced financial results for the third quarter ended September 30, 2021.
Key Third Quarter Financial Highlights
Revenue of $1.7 billion, up 5% sequentially, reflecting ongoing demand for our differentiated technologiesRecord gross margins of 17.6% and adjusted gross margins of 18%.Record adjusted EBITDA margins of 30% which grew 84% year-over-year demonstrating continued progress to our target... More