What do you think of the results? First time GF guided below market consensus.
10 replies (most recent on top)
LOL. There's nothing better than seeing Global-Floundries flounder. Better to be out of there than stuck there.
"Feb 13 (Reuters) - GlobalFoundries (GFS.O), opens new tab forecast its first quarter below market estimates on Tuesday, as some customers continue to clear excess chip inventory while others opt for more advanced manufacturing processes which are not provided by the contract chipmaker."
Good Job GF! Can't wait til it sinks.
That’s great…would be lovely. Can’t wait for GlobalCast
Heard it’s going to be close to 105% and 6% raise as we beat whole year estimates
Wonder what will be the AIP this year?
My favorite headline “ GlobalFoundries forecasts hit as chip customers seek advanced processes, clear inventory” https://www.reuters.com/technology/chipmaker-globalfoundries-forecasts-q1-results-below-estimates-shares-drop-2024-02-13/
This makes my heart happy that GF is sliding.
Surprising given GF P/E is 3X higher than UMC.
I am surprised the stock didn’t tank