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GlobalFoundries (NASDAQ: GFS) Forecasts Q2FY24 Revenue at USD 1.59-1.64B with Margin Improvements
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Highlights
GlobalFoundries Inc. (NASDAQ: GFS) is a semiconductor manufacturer. The company offers a range of mainstream wafer fabrication services and technologies. It has a market capitalization of USD 29.50 billion.
In Q1FY24, GFS reported revenue of USD 1.549 billion. The company achieved a gross margin of 25.4% and an operating margin of 9.5%. Net income for the quarter totalled USD 134 million. As of the quarter's end, GFS held USD 4.2 billion in cash& cash equivalents, and marketable securities.
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