NASDAQ$GFS
GlobalFoundries Inc · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
GlobalFoundries reported Q4 2024 revenue of $1.83 billion, a 1% decrease year-over-year. The company recorded a net loss of $729 million due to a $935 million impairment charge but achieved a non-IFRS net income of $256 million. Operating income showed a loss of $701 million, while non-IFRS operating profit reached $285 million. Free cash flow was $328 million, and cash and cash equivalents stood at $2.192 billion.
Headline financials
Revenue & EPS history
GlobalFoundries · Revenue · Quarterly
$1.83B
Revenue by segment
GlobalFoundries · $3.06B total across 6 segments · Q1 2026
- Manufacturing Services$1.43B—46.6%
- Smart Mobile Devices$558M—18.2%
- Automotive$382M—12.5%
- Home and Industrial IoT$255M—8.3%
- Communications Infrastructure & Datacenter$230M—7.5%
- Technology Services$209M—6.8%
Forward guidance
GlobalFoundries expects Q1 2025 revenue between $1.55 billion and $1.6 billion, with gross margin at approximately 22.1% (Non-GAAP: 23.0%). Operating profit is projected between $94 million and $167 million. The company remains optimistic about future growth in AI, automotive, and aerospace chip demand.
Tailwinds
- Strong design win momentum across end markets.
- Expansion in AI, automotive, and aerospace segments.
- New advanced packaging and test capabilities in Malta, NY.
- Strategic partnerships to enhance smart card technology.
- Integration of photonics in AI interconnect solutions.
Headwinds
- Revenue projected to decline sequentially in Q1 2025.
- Lower gross margin guidance compared to Q4 2024.
- Operating profit expected to decline in the next quarter.
- Continued industry headwinds affecting semiconductor demand.
- Potential risks from global economic uncertainty and supply chain disruptions.
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 Q4 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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro