Chipmaker GF's Q3 2022 revenue of $2.1 billion

Chip manufacturer GlobalFoundries announced its third quarter financial report that ended September 30, 2022, with revenue, gross profit, and net income reaching record highs. Data show that GF's third-quarter revenue was $2.1 billion, a year-on-year increase of 22%; the gross profit margin was 29.4%, the adjusted gross profit margin was 29.9%; operating profit margin was 17.2%, the adjusted operating profit rate was 18.8%.

During the reporting period, GF achieved a net income of $336 million, an adjusted net income of $368 million, and an adjusted EBITDA of $793 million, cash, cash equivalents, and marketable securities were 3.5 billion US dollars.

GF CEO Thomas Caulfield said that 300mm equivalent wafer shipments were 637,000, setting a record for GF, a year-on-year increase of 5%, and the company achieved record gross profit, operating profit, and net profit, we remain on track for strong growth and profitability this year.

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