GlobalFoundries Full Year 2024 Earnings: EPS Misses Expectations

GlobalFoundries (NASDAQ:GFS) Full Year 2024 Results

Key Financial Results

• Revenue: US$6.75b (down 8.7% from FY 2023).
• Net loss: US$265.0m (down by 126% from US$1.02b profit in FY 2023).
• US$0.48 loss per share (down from US$1.85 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

GlobalFoundries EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to grow 8.9% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 1.2% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on GlobalFoundries' balance sheet.

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