GlobalFoundries 2024 Full-Year Earnings: EPS Falls Short of Projections

By
Joe Killer
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  • Revenue: US$6.75b (an 8.7% decrease from FY 2023).

  • Net loss: US$265.0m (a 126% reduction from US$1.02b profit in FY 2023).

  • Loss per share: US$0.48 (down from a profit of US$1.85 in FY 2023).

revenue-and-expenses-breakdown

NasdaqGS:GFS Revenue and Expenses Breakdown March 22nd 2025

All figures displayed in the chart above represent the trailing 12-month (TTM) period.

Revenue matched analyst expectations while earnings per share (EPS) fell short of estimates.

The major contributor to last year’s revenue was the United States segment, which brought in US$3.71b (55% of total revenue). Moreover, the cost of sales at US$5.10b accounted for 76% of total revenue, highlighting its effect on earnings. The largest expense, amounting to US$993.0m, was attributed to non-operating costs, indicating a significant portion of the company’s expenses is associated with non-core activities. Discover how GFS’s revenue and expenses influence its earnings.

Looking forward, revenue is projected to grow at an average of 8.1% annually over the next three years, whereas the Semiconductor industry in the US is forecasted to grow by 16%.

Performance of the American Semiconductor industry.

The company’s stock has risen by 2.4% over the past week.

While investors should pay attention to earnings, it’s equally important to assess the robustness of a company’s balance sheet. We have a visual representation of GlobalFoundries’ balance sheet along with a thorough analysis of its financial status.

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