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.
The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$3.71b (55% of total revenue). Notably, cost of sales worth US$5.10b amounted to 76% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$993.0m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how GFS's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Semiconductor industry in the US.
Performance of the American Semiconductor industry.
The company's shares are up 2.4% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of GlobalFoundries' balance sheet and an in-depth analysis of the company's financial position.
Valuation is complex, but we're here to simplify it.
Discover if GlobalFoundries might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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