GlobalFoundries Reports Second Quarter 2024 Financial Results

Unaudited Reconciliation of IFRS to Non-IFRS
 
  Three Months Ended
(in millions, except for per share amounts) June 30, 2024  March 31, 2024  June 30, 2023
      
Net Revenue $ 1,632   $ 1,549   $ 1,845 
Gross profit $ 395   $ 393   $ 532 
Gross margin 24.2%  25.4%  28.8%
Share-based compensation 16   12   14 
Non-IFRS gross profit (1) $ 411   $ 405   $ 546 
Non-IFRS gross margin(1)  25.2 %     26.1 %     29.6 %
           
Selling, general and administrative (2) $ 114     $ 122     $ 132  
Share-based compensation   28       21       24  
Non-IFRS selling, general and administrative (1) $ 86     $ 101     $ 108  
           
Research and development $ 121     $ 124     $ 106  
Share-based compensation   8       7       6  
Non-IFRS research and development (1) $ 113     $ 117     $ 100  
           
Operating profit $ 155     $ 147     $ 275  
Operating margin   9.5 %     9.5 %     14.9 %
Share-based compensation   52       40       44  
Restructuring charges   5             19  
Non-IFRS operating profit ( 1) $ 212     $ 187     $ 338  
Non-IFRS operating margin (1)   13.0 %     12.1 %     18.3 %
           
Net income $ 155     $ 134     $ 237  
Net income margin   9.5 %     8.7 %     12.8 %
Share-based compensation   52       40       44  
Restructuring charges   5             19  
Income tax effect (3)   (1 )           (3 )
Non-IFRS net income (1) $ 211     $ 174     $ 297  
Non-IFRS net income margin (1)   12.9 %     11.2 %     16.1 %
           
Diluted EPS $ 0.28     $ 0.24     $ 0.43  
Share-based compensation   0.09       0.07       0.08  
Restructuring charges   0.01             0.03  
Income tax effect (3)               (0.01 )
Diluted shares outstanding   557       558       556  
Non-IFRS diluted EPS (1) $ 0.38     $ 0.31     $ 0.53  

<

« Previous Page 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9  Next Page »
Featured Video
Latest Blog Posts
Sanjay GangalIndustry Predictions
by Sanjay Gangal
AECCafe Industry Predictions for 2025 – DGG
Sanjay GangalAECCafe Today
by Sanjay Gangal
AEC Industry Predictions for 2025 — vGIS
Jobs
Machine Learning Engineer 3D Geometry/ Multi-Modal for Autodesk at San Francisco, California
Principal Engineer for Autodesk at San Francisco, California
Senior Principal Software Engineer for Autodesk at San Francisco, California
Mechanical Test Engineer, Platforms Infrastructure for Google at Mountain View, California
Geoprocessing Product Engineer II for ESRI at Redlands, California
Mechanical Manufacturing Engineering Manager for Google at Sunnyvale, California
Upcoming Events
Consumer Electronics Show 2025 - CES 2025 at Las Vegas Convention Center Las Vegas NV - Jan 7 - 10, 2025
Commercial UAV Expo 2025 at Amsterdam Netherlands - Apr 8 - 10, 2025
Commercial UAV Expo 2025 at RAI Amsterdam Amsterdam Netherlands - Apr 8 - 11, 2025
Geospatial World Forum 2025 at Madrid Marriott Auditorium Madrid Spain - Apr 22 - 25, 2025



© 2025 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
TechJobsCafe - Technical Jobs and Resumes EDACafe - Electronic Design Automation GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise