GLOBALFOUNDRIES Inc
GFS: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| x#w | LOCK|&P? | LOCK|$^^<Mz |
GlobalFoundries Earnings: Automotive and Data Center Growth Key to Reaching 30% Gross Margin Target
GlobalFoundries' fourth-quarter 2024 revenue was no surprise at $1.83 billion, up 5% sequentially. Gross margin rose 73 basis points from the prior quarter to 24.5%, less than we expected amid a temporary shift away from more-profitable smart mobile products.
