GlobalFoundries Reports First Quarter 2023 Financial Results

   Three Months Ended
(in millions USD)  March 31, 2023  December 31, 2022  March 31, 2022
       
Gross profit  $ 515   $ 622   $ 469 
Gross profit margin  28.0%  29.6%  24.2%
Share based compensation $10  $11  $21 
Adjusted gross profit (1)  $ 525   $ 633   $ 490 
Adjusted gross margin(1)  28.5%   30.1 %     25.3 %
             
Operating profit   $ 290     $ 288     $ 225  
Operating profit margin     15.8 %     13.7 %     11.6 %
Share based compensation   $ 31     $ 43     $ 54  
Restructuring charges (2)   $ 5       94        
Adjusted operating profit (1)   $ 326     $ 425     $ 279  
Adjusted operating profit margin (1)     17.7 %     20.2 %     14.4 %
             
Net income (3)   $ 254     $ 668     $ 178  
Net income margin     13.8 %     31.8 %     9.2 %
Share based compensation   $ 31     $ 43     $ 54  
Restructuring charges (2)   $ 5       94        
Income tax effect (4)   $     $ (5 )   $  
Adjusted net income (1)(5)   $ 290     $ 800     $ 232  
Adjusted net income margin (1)     15.8 %     38.1 %     12.0 %
             
Diluted earnings per share   $ 0.46     $ 1.21     $ 0.33  
Share based compensation   $ 0.05     $ 0.07     $ 0.09  
Restructuring charges (2)   $ 0.01       0.17        
Income tax effect   $       (0.01 )      
Adjusted diluted earnings per share (1)   $ 0.52     $ 1.44     $ 0.42  
                         

<

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7  Next Page »
Featured Video
Jobs
Principal Engineer for Autodesk at San Francisco, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Equipment Engineer, Raxium for Google at Fremont, California
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Manufacturing Test Engineer for Google at Prague, Czechia, Czech Republic
Upcoming Events
Intergeo 2024 at Messe Stuttgart Messepiazza 1 Stuttgart Germany - Sep 24 - 26, 2024
GIS-Pro 2024 at Portland ME - Oct 7 - 10, 2024
Geo Sessions 2024 at United States - Oct 22 - 24, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise