GlobalFoundries Results Presentation Deck
Q4'23 Guidance (1)
(Unaudited, in millions USD except per share amounts)
Net revenue
Gross Profit
Gross Margin (mid-point)(³)
Operating Profit
Operating Margin (mid-point)(3)
Net Income
Net Income Margin (mid-point)(3)
Diluted EPS
IFRS
$1,825 - $1,875
$487 - $531
27.5%
$277 - $349
16.9%
$246 - $318
15.2%
$0.44 $0.57
Share-Based
Compensation
$13- $15
$40 - $50
$40 - $50
Non-IFRS Adjusted (2)
$502 - $544
28.3%
$327 - $389
19.3%
$296 - $358
17.7%
$0.53 $0.64
Notes:
(1)The Guidance provided above contains forward-looking statements as defined in the U.S. Private Securities Litigation Act of 1995, and is subject to the safe harbors created therein. The Guidance includes management's beliefs and assumptions and is based on information currently available. GF
has not provided a reconciliation of its Fourth Fiscal Quarter Guidance for adjusted Non-IFRS EBITDA and related margin because estimates of all of the reconciling items cannot be provided without unreasonable efforts. Certain factors that are materially signification to GF's ability to estimate these
items are out of its control and/or cannot be reasonably predicted.
(2) Adjusted gross profit, adjusted operating profit, adjusted net income, and adjusted diluted EPS are non-IFRS metrics and, for purposes of the Guidance only, are defined as gross profit, operating profit, net income, and EPS before share-based compensation expense, respectively.
(3)Adjusted margins are non-IFRS metrics and for purposes of the Guidance only, are defined as adjusted gross profit, adjusted operating profit and adjusted net income, each divided by net revenue (using the definitions of adjusted gross profit, adjusted operating profit, and adjusted net income, in
footnote (2) above, as appropriate).
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