GlobalFoundries Inc (NASDAQ:GFS) 公佈2024財年第四季度收入同比下降1%，降至18.30億美元，超出分析師一致預期的18.29億美元。 這家代工芯片製造商調整後的每股收益爲0.46美元，超過分析師一致預期的0.44美元。報告發布後，股價下跌。 智能移動設備收入同比下降4%，至7.38億美元。 通信基礎設施和數據中心收入同比增長18%，至1.70億美元。家庭和工業物聯網收入同比下降13%，至3.55億美元。汽車收入同比增長30%，至4.14億美元。非晶圓收入同比下降31%，至1.53億美元。 利潤率方面：由於價格壓力，調整後的毛利率下降了360個基點，至25.4%，調整後的營業利潤率下降了510個基點，至15.6%。調整後的EBITDA利潤率同比下降了560個基點，至36.1%。 截至2024年12月31日，GlobalFoundries的運營現金流爲4.57億美元，持有42億美元的現金及等價物。 首席執行官托馬斯·考菲爾德博士在季度業績會議上指出了調整後的指導預期。他還強調了2024年對於行業的獨特挑戰，儘管如此，公司依然實現了超過10億美元的調整後自由現金流。考菲爾德對在終端市場和產品組合中強勁的設計獲勝勢頭表示樂觀。 公司因其位於紐約馬耳他工廠的生產能力相關的遺留投資記入了9.35億美元的減值費用。公司宣佈計劃在紐約馬耳他工廠開發一個先進的封裝和測試能力中心，以幫助滿足AI、汽車、航空航天和國防以及通信應用中對美國製造的重要芯片的日益增長的需求。 展望：GlobalFoundries預計第一季度收入爲15.50億至16.00億美元，相較於市場預期的16.60億美元。公司預計調整後的每股收益爲0.24至0.34美元，相較於市場預期的0.32美元。 在過去12個月中，GlobalFoundries股價下跌超過32%。2024年第三季度，公司在全球代工業務中佔據了5%的市場份額，這得益於物聯網和通信基礎設施市場的需求。 股價動態：截止至週二盤前最後一次查看時，GFS股價下跌7.23%，至35.01美元。 圖片由GlobalFoundries提供。

以上內容來自Benzinga Earnings專欄，原文如下：

GlobalFoundries Inc (NASDAQ:GFS) reported a fiscal fourth-quarter 2024 revenue decline of 1% year-on-year to $1.830 billion, beating the analyst consensus estimate of $1.829 billion.

The contract chipmaker’s adjusted EPS of 46 cents beat the analyst consensus estimate of 44 cents. The stock price declined after the report.

Also Read: Arm’s Rising Royalties and v9 Adoption Strengthen Market Position, Analysts Say

Smart mobile device revenue declined 4% from a year ago to $738 million.

Communications infrastructure & data center revenue grew 18% Y/Y to $170 million. Home and industrial IOT revenue decreased 13% Y/Y to $355 million. Automotive revenue rose 30% Y/Y to $414 million. Non wafer revenue slid 31% Y/Y to $153 million.

Margins: The adjusted gross margin declined by 360 bps to 25.4%, and the adjusted operating margin decreased by 510 bps to 15.6% due to pricing pressure. The adjusted EBITDA margin declined by 560 bps Y/Y to 36.1%. 

As of December 31, 2024, GlobalFoundries generated $457 million in operating cash flow and held $4.2 billion in cash and equivalents.

CEO Dr. Thomas Caulfield noted adjusted guidance estimates during the quarter. He also highlighted 2024’s unique challenges for the industry, despite which it delivered over $1 billion of adjusted free cash flow. Caulfield expressed optimism over strong design win momentum across its end markets and product portfolio.

The company recorded a $935 million impairment charge related to legacy investments in production capacity at its Malta, New York facility. The company announced its plans to develop a center for advanced packaging and test capabilities at its Malta, New York facility to help meet the growing demand for U.S.-made essential chips used in AI, automotive, aerospace and defense, and communications applications.

Outlook: GlobalFoundries expects first-quarter revenue of $1.55 billion—$1.60 billion versus the $1.66 billion estimate. The company expects adjusted EPS of $0.24-$0.34 versus the $0.32 estimate.

GlobalFoundries stock lost over 32% in value in the last 12 months. In the third quarter of 2024, the company held a 5% market share in the global foundry business, backed by demand in the Internet of Things and communications infrastructure markets.

Price Action: GFS stock is down 7.23% at $35.01 premarket at the last check on Tuesday.

Also Read:

• Chip Equipment Stocks Gain Traction as AI Demand, TSMC’s Capex, and Semiconductor Expansion Drive Valuations

Photo Courtesy Of GlobalFoundries