GLOBALFOUNDRIES(GFS) - 2023 Q4 - Annual Report

GlobalFoundries Reports Fourth Quarter 2023 and Fiscal Year 2023 Financial Results Malta, New York, February 13, 2024 - GlobalFoundries Inc. (GF) (Nasdaq: GFS) today announced preliminary financial results for the fourth quarter and fiscal year ended December 31, 2023. Key Fourth Quarter Financial Highlights • Revenue of $1.854 billion. • Gross margin of 28.3% and adjusted gross margin(1) of 29.0%. • Operating margin of 16.3% and adjusted operating margin(1) of 20.7%. • Net income of$ 278 million and adjust ...