🔹 EPS: $0.46 (Est. $0.45) 🟢
🔹 Revenue: $1.83B (Est. $1.83B) 🟡
🔹 Non-IFRS Gross Margin: 25.4%
Q1 Guidance:
🔹 EPS: $0.24-$0.34 (Est. $0.33) 🔴
🔹 Revenue: $1.55B-$1.60B (Est. $1.66B) 😕
🔹 Non-IFRS Gross Margin: 23.0% (Midpoint)
Key Metrics:
🔹 Non-IFRS Adjusted EBITDA: $661M
🔹 Non-IFRS Net Income: $256M
🔹 Free Cash Flow: $328M
🔹 Wafer Shipments: 595K; UP +8% YoY
Strategic and Business Updates:
🔸 Announced a new Advanced Packaging and Photonics Center at the Malta, NY facility to support AI, automotive, and defense markets, funded by U.S. and NY State grants.
🔸 Partnered with IDEMIA to deliver next-gen smart card technology manufactured in Europe on GF's 28ESF3 platform.
🔸 Collaborated with Lightmatter to develop AI interconnect solutions using GF’s Fotonix™ platform.
Management Commentary:
🔸 Dr. Thomas Caulfield, President and CEO:
“In Q4, we delivered solid financial results that exceeded the Non-IFRS midpoint of our guidance. Despite industry challenges, we generated over $1 billion in Non-IFRS adjusted free cash flow in 2024. GF is positioned for a growth year in 2025, driven by strong design win momentum and a diverse product portfolio.”