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GlobalFoundries' Q3 Performance Exceeds Expectations, with Demand for Automotive and Communication Chips Driving Gross Margin Growth
1 week ago /
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Author：小编
Despite uneven demand for traditional processors, GlobalFoundries' third-quarter performance still exceeded Wall Street expectations. Financial results showed that its revenue for the third quarter reached $1.69 billion, a year-on-year decrease of 2.9%, but surpassing expectations by $10 million. Non-GAAP earnings per share were $0.41, exceeding expectations by $0.03. The CEO stated that the company's performance was strong, with multiple indicators reaching the high end of the expected range, and it has achieved strong year-on-year growth for four consecutive quarters in end markets such as automotive, communication infrastructure, and data centers.
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