GlobalFoundries Expects Q2 Revenue of $1.59B-$1.64B Vs $1.59B Est, Adj EPS of $0.24-$0.34 Vs $0.28 Est
Author: Benzinga Newsdesk | May 07, 2024 07:20am
Summary of Second Quarter 2024 Guidance (unaudited in millions USD, except per share amounts)(1)
| IFRS |
Share-based compensation |
Non-IFRS (2) |
| Net revenue |
$1,590 - $1,640 |
— |
— |
| Gross profit |
$367 - $413 |
$13 - $15 |
$382 - $426 |
| Gross margin(3) (mid-point) |
24.1% |
25.0% |
| Operating profit |
$94 - $168 |
$45 - $55 |
$149 - $213 |
| Operating margin(3) (mid-point) |
8.1% |
11.2% |
| Net income |
$78 - $146 |
$45 - $55 |
$133 - $191 |
| Net income margin(3) (mid-point) |
6.9% |
10.0% |
| Diluted EPS |
$0.14 - $0.26 |
$0.24 - $0.34 |
Posted In: GFS
