GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 19c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 9/18/2026
- Wall St slips as higher Treasury yields weigh on sentiment
- Oil pares losses as market weighs Saudi supply concerns, Middle East tensions
- Warren Buffett transitions to Berkshire’s chairman emeritus
- Is the S&P 500 in an "earnings bubble"? Goldman weighs in
- Wells Fargo cuts Netflix rating on engagement risk, weak slate
GlobalFoundries Reports First Quarter 2022 Financial Results
May 10, 2022 4:01 PM EDTRevenue up 37% year-over-year, Record Gross Margin and Net Income
MALTA, N.Y., May 10, 2022 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the first quarter ended March 31, 2022.
Key First Quarter Financial Highlights
Record revenue of $1.94 billion, up 37% year-over-year.Record gross margin of 24.2% and adjusted gross margin of 25.3%.Record operating margin of 11.6% and adjusted operating margin of... More