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Price
$43.51Annual Revenue
$7.39 BAnnual EPS
$1.83Annual ROE
9.66%Beta
1.95Events Calendar
Next earnings date:
Feb 13, 2025Recent quarterly earnings:
Nov 05, 2024Recent annual earnings:
Feb 13, 2024Next ex-dividend date:
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Tom Caulfield, the CEO of GlobalFoundries, appears on CNBC's The Exchange to talk about the current situation in the semiconductor industry, his thoughts on the Trump administration, and other topics.
The funding brings GF nearer to starting large-scale production of advanced gallium nitride chips, which will be used in various RF and high-power applications. This investment is a significant step towards achieving their production goals.
On Wednesday, the U.S. Commerce Department announced that it has completed a $1.5 billion government grant for GlobalFoundries to increase semiconductor manufacturing in Malta, New York, and Vermont.
The struggling semiconductor company's profits were better than what the market had expected.
GlobalFoundries Inc. (GFS) reported quarterly earnings of $0.41 per share, which is higher than the Zacks Consensus Estimate of $0.33 per share. This is a decrease compared to earnings of $0.55 per share from the same period last year.
GlobalFoundries, the third-largest contract chipmaker in the world, predicted that its revenue for the fourth quarter will exceed Wall Street expectations on Tuesday. This increase is due to a rise in semiconductor demand from smartphone manufacturers, which caused its shares to rise by almost 10% in premarket trading.
MALTA, N.Y., Nov. 05, 2024 (GLOBE NEWSWIRE) -- GlobalFoundries Inc. (GF) (Nasdaq: GFS) has shared its initial financial results for the third quarter that ended on September 30, 2024.
Tom Caulfield, the CEO of GlobalFoundries, appears on CNBC's 'Money Movers' to talk about the company's better-than-expected earnings, their future growth prospects, and other related topics.
GlobalFoundries, Inc. (NASDAQ:GFS) will hold its Q3 2024 Earnings Conference Call on November 5, 2024, at 8:30 AM ET. The call will feature company representatives including Sam Franklin, Thomas Caulfield, John Hollister, and Niels Anderskouv, along with participants from various financial institutions. The operator will begin the call by welcoming everyone.
On Friday, the Department of Commerce announced that the United States has fined GlobalFoundries $500,000 for sending chips to a Chinese firm without getting the necessary approval.
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