NASDAQ$GFS

GlobalFoundries Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

GFS Q1 2024 — extraction skipped

GlobalFoundries Inc filed Form 6-K (accession 0001628280-24-034961) for Q1 2024, but headline financial numerics could not be extracted automatically: no headline numerics found by parser nor by Financial Datasets fallback. The row is marked as AI-processed so the queue advances; numerics will be filled by Financial Datasets on its next pass.

  • Form 6-K filed; press release body not parseable here.
  • Reason: no headline numerics found by parser nor by Financial Datasets fallback.
  • Numerics rely on the Financial Datasets fallback.

Headline financials

Total Revenue

$1.55B

Previous: $1.84B-15.9%
EPS (adj)

$0.31

Previous: $0.52-40.4%
Capital Expenditures

-$227M

No prior period
Net Income

$133M

No prior period
Operating Income

$147M

No prior period
Gross Profit

$393M

No prior period
R&D Expense

$124M

No prior period

Revenue & EPS history

GlobalFoundries · Revenue · Quarterly

$1.55B

Q1 2024-15.9%vs Q1 2023
Beat estimate in 9 of 12 quarters(75%)
ActualEstimate

Revenue by segment

GlobalFoundries · $3.06B total across 6 segments · Q1 2026

  • Manufacturing Services
    $1.43B
  • Smart Mobile Devices
    $558M
  • Automotive
    $382M
  • Home and Industrial IoT
    $255M
  • Communications Infrastructure & Datacenter
    $230M
  • Technology Services
    $209M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 16 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+1.6%

Avg return

Earnings day

+2.3%

Avg return

5 days after

+3.3%

Avg return

30 days after

53%

9 / 17 earnings

Positive

+29.9%

Q3 2024

Best reaction

-8.9%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%+9.5%+24.0%
Q3 2025-1.8%-5.3%+11.3%
Q2 2025-8.7%-10.8%-7.9%
Q1 2025-2.6%+1.4%+4.5%
Q4 2024+6.3%+14.4%-3.2%
Q3 2024+29.9%+22.1%+23.0%
Q1 2024+5.3%+2.7%-1.3%
Q4 2023-1.5%-4.4%-5.8%
Q3 2023+2.6%+0.6%+2.1%
Q2 2023+0.1%-3.8%-4.4%
Q1 2023-8.9%-10.2%-0.7%
Q4 2022+5.7%+1.5%+0.9%
Q3 2022+8.4%+15.1%+10.9%
Q2 2022-2.5%+9.7%+1.7%
Q1 2022-6.2%+0.9%+1.7%
Q4 2021+4.6%-1.9%+8.1%
Q3 2021-6.1%-2.1%-8.6%
Q2 2021
Q4 2020
Q3 2020
Q2 2020

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