GlobalFoundries Reports First Quarter 2022 Financial Results

   Three Months Ended
(in millions USD)  March 31, 2021  December 31, 2021  March 31, 2022
       
Gross profit  $ 99   $ 384  $ 469
Share based compensation    $13 $21
Adjusted gross profit   $ 99   $ 397  $ 490
       
Operating profit (loss)  $ (95 )  $ 87  $ 225
Share based compensation    $55 $54
Adjusted operating profit (loss)  $ (95 )   $ 142   $ 279
             
Net income (loss)   $ (127 )   $ 43   $ 178
Share based compensation         $ 55   $ 54
Adjusted net income (loss)   $ (127 )   $ 98   $ 232
             
Diluted EPS   $ (0.25 )   $ 0.08   $ 0.33
Share based compensation   $     $ 0.10   $ 0.09
Adjusted diluted EPS   $ (0.25 )   $ 0.18   $ 0.42

Unaudited Reconciliation of Net Income (Loss) to Adjusted EBITDA

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