GFS Q2 2024 Earnings — GLOBALFOUNDRIES Inc. Revenue & Financial Results | Market Cap Arena

GFSGLOBALFOUNDRIES Inc.

$27B

Q2 2024 Earnings

Technology Semiconductors

Income Statement

Revenue

$1.6B-11.5% YoY

Gross Profit

$395M24.2% margin

Operating Income

$155M9.5% margin

Net Income

$155M9.5% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

+5.4%

Cash Flow

Operating Cash Flow

$402M

Free Cash Flow

$301M

Stock-Based Comp.

$51M

Balance Sheet

Total Assets

$17.9B

Total Liabilities

$6.6B

Stockholders' Equity

$11.3B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$1.6B	$1.8B	-11.5%
Gross Profit	$395M	$532M	-25.8%
Operating Income	$155M	$275M	-43.6%
Net Income	$155M	$240M	-35.4%