(Boursier.com) — GlobalFoundries , the Californian ‘founder’ of semiconductors, climbed before the stock market on Wall Street, after a solid financial publication. The group beat the profit consensus for the quarter ended at the end of September. Revenues reached a record $2.1 billion, up 22% year-on-year, for a gross margin of 29.4% down slightly and an operating margin of 17.2%. Adjusted EBITDA also hit a record $793 million. Net income was $336 million or 61 cents per share, compared with just $5 million a year earlier. On an adjusted basis, EPS was 67 cents, versus 7 cents a year ago and 62 cents FactSet consensus.
©2022 Boursier.com