GlobalFoundries Results Presentation Deck
Quarterly P&L (1,2)
($ in millions)
Revenue
Adj. Gross Profit
% Margin
Adj. Operating Income
% Margin
Adj. Net Income
% Margin
Adj. EPS
Adj. EBITDA
% Margin
Q1
$1,379
($178)
(12.9%)
($404)
(29.3%)
($297)
(21.5%)
($0.59)
$277
20.1%
Q2
$1,318
($183)
(13.9%)
($410)
(31.1%)
($236)
(17.9%)
($0.47)
$258
19.6%
2020
Q3
$1,091
($134)
(12.3%)
($350)
(32.1%)
($293)
(26.9%)
($0.58)
$275
25.2%
Q4
$1,062
($218)
(20.6%)
($491)
(46.2%)
($524)
(49.4%)
($1.05)
$166
15.7%
Q1
$1,418
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$99
7.0%
($95)
(6.7%)
($127)
(9.0%)
($0.25)
$294
20.7%
2021
Q2
$1,620
$267
16.5%
$41
2.5%
($30)
(1.9%)
($0.06)
$466
28.7%
Q3
$1,700
$306
18.0%
$81
4.8%
$34
2.0%
$0.07
$505
29.7%
Note:
1. In 2020, the majority of our customer contractual terms were amended in a manner that resulted in moving from recognizing wafer revenue on a Percentage-of-Completion basis to recognizing revenue on a Wafer Shipment basis.
This resulted in a one-time, non-recurring reduction in net revenues recognized in 2020. Had the change in terms not occurred, net revenues for the periods ended September 30, 2020 and December 31, 2020 would have been
an estimated $309 million and $501 million higher than reported results, respectively.
2. Any discrepancies in totals or in percentages are due to rounding.
GlobalFoundries
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