GLOBALFOUNDRIES (GFS) Tops Q1 EPS by 19c
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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