GLOBALFOUNDRIES Non-GAAP EPS of $1.44 beats by $0.12, revenue of $2.1B beats by $30M, Introduces Q1 outlook
GLOBALFOUNDRIES press release  (NASDAQ:GFS): Q4  Non-GAAP EPS of $1.44  beats by $0.12.
Revenue of $2.1B (+13.5% Y/Y)  beats by $30M.
Â Summary of First Quarter 2023 Outlook:Â Net revenue of $1.81B - $1.85B vs. consensus of $1.82B; Diluted EPS - $0.36-$0.46; adjusted Diluted EPS of $0.45 - $0.53 vs. consensus of $0.47.
Gross margin of 29.6% and adjusted gross margin of 30.1%.
Net income of $668 million.
Adjusted EBITDA of $821 million.
Cash, cash equivalents and marketable securities of $3,346 million.