GlobalFoundries reported its fourth quarter and fiscal year 2024 financial results, with a non-IFRS earnings per share (EPS) of $0.46, surpassing estimates of $0.45. Revenue for the quarter was $1.83 billion, matching analyst expectations. The company also reported a non-IFRS gross margin of 25.4%. However, it faced a net loss of $729 million due to a $935 million impairment charge. For the first quarter of 2025, GlobalFoundries guided an EPS range of $0.24 to $0.34, below the estimate of $0.33, and revenue guidance of $1.55 billion to $1.60 billion, which is lower than the estimated $1.66 billion.