GFS Earnings Prediction
The chart below shows how GFS performed 10 days before and after its earnings report, based on data from the past quarters. Typically, GFS sees a +0.26% change in stock price 10 days leading up to the earnings, and a +1.40% change 10 days following the report. On the earnings day itself, the stock moves by +3.72%. This data can give you a slight idea of what to expect for the next quarter's release.
GFS Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
1.74B
-6.10%
6.56%
Gross Margin
23.81%
-16.63%
-1.61%
Operating Margin
10.70%
-28.71%
9.18%
Net Margin
10.24%
-23.81%
7.79%
EPS
0.32
-28.89%
14.29%
No Data Available
GFS Earnings Analysis
GlobalFoundries Inc. Ordinary Shares Corporation (GFS.O) Earnings Conference Call
Positive
Quarterly Revenue Increase: Revenue for the third quarter was reported at $1.739 billion, representing a 7% increase over the prior quarter.
Gross Margin Performance: Non-IFRS gross margin was 24.7% in the quarter, exceeding the midpoint of the guidance range.
Earnings Per Share Exceeds Guidance: We delivered non-IFRS diluted earnings per share of $0.41, which exceeded the high end of our guidance range.
Strong Free Cash Flow: We reported a strong year-over-year free cash flow generation, with $779 million of non-IFRS adjusted free cash flow in the year-to-date.
Quarterly Operating Profit Margin: Operating profit for the quarter was $236 million, translating into an operating margin of 13.6%, which is the high end of our guided range.
Negative
Third Quarter Revenue Decline: Revenue for the third quarter was reported at $1.739 billion, reflecting a 6% year-over-year decrease due to lower shipment levels and utilization rates in the mid-70s.
Gross Margin Performance: Non-IFRS gross margin was reported at 24.7% for the quarter, which exceeded the midpoint of the guidance range but still indicated a decline from previous periods.
Earnings Per Share Decline: Diluted earnings per share for the third quarter were $0.41, which was above the high end of the guidance range but represented a decrease from prior year levels.
Operating Expenses Impact: Operating expenses for the third quarter represented approximately 11% of total revenue, indicating a significant cost burden on the company's financials.
Net Income Decline: Net income for the third quarter was reported at $229 million, a decrease of approximately $79 million from the year-ago period, highlighting a decline in profitability.
GFS FAQs
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GFS Earning Call Sentiment
GlobalFoundries, Inc. (GFS) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
GFS.O
-4.76%Positive
The earnings call highlights strong financial metrics, including higher-than-expected EPS and gross margins, along with significant free cash flow growth. The acquisition of Tagore Technologies and strategic focus on automotive and IoT sectors indicate promising long-term growth. Although revenue decreased YoY, optimistic guidance and improved utilization suggest a positive outlook. The Q&A session reinforced positive sentiment with anticipated growth in smart mobile devices and automotive, despite some management vagueness. The overall sentiment is positive, likely leading to a stock price increase of 2% to 8% over the next two weeks.
