GF's second-quarter revenue was $1.99 billion

According to reports, chip maker GlobalFoundries today released its financial report for the second quarter of 2022 as of June 30th. According to the financial report, GF's revenue in the second quarter was US$1.99 billion (about 13.452 billion yuan), a year-on-year increase of 23%. Net profit was US$264 million (approximately RMB 1.785 billion), a year-on-year increase of 252%. Adjusted net profit was US$317 million (approximately RMB 2.143 billion), a year-on-year increase of 1157%.

Second quarter results:

• Revenue was $1.99 billion, up 23% year over year.
• Gross profit was $538 million, up 133% year over year. Adjusted gross profit was $559 million, up 109% year over year.
• The gross margin was 27.0% and the adjusted gross margin was 28.0%.
• Operating profit was $297 million, up 388% year over year. Adjusted operating profit was $350 million, up 754% year over year.
• The operating margin was 14.9% and the adjusted operating margin was 17.6%.
• Net profit was US$264 million, up 252% year-on-year. Adjusted net profit was $317 million, up 1,157% year over year.
• Adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) margin was 39.3%, compared to 28.8% in the same period last year.
• In the second quarter, GF shipped 630,000 wafers, compared with 595,000 in the same period last year.
• As of June 30, 2022, GF had cash, cash equivalents, and marketable securities of $3.3 billion.