Account Info
Log Out
English
Back
Log in to access Online Inquiry
Back to the Top
GlobalFoundries IPO: the third-largest in the world.
Views 81K Contents 45

GlobalFoundries is Not Profitable

$GlobalFoundries (GFS.US)$The inevitable conclusion that any insightful reader will have made by this point is that GlobalFoundries must struggle for profitability. This is reflected in its results.
In 2020, the company earned revenues of $4.85 billion, down from $5.81 billion in 2019, making a loss of $1.35 billion, against a loss of $1.37 billion in 2019. Revenue in 2018 was $6.2 billion, with a loss of $2.77 billion.
The company is unprofitable, although, amidst the global chip shortage, its losses have narrowed. In the first half of the year, it earned revenues of $3.04 billion and a loss of $301.2 million compared to revenue of $2.7 billion and a loss of $533.6 million for the same period last year.
Declining growth, as we can see, predates the pandemic and hints at the technical challenges that the company like many of $Taiwan Semiconductor (TSM.US)$competitors face: TSMC has the best product-market fit in the industry by far. Until it can meet that challenge, GlobalFoundries is unlikely to grow or turn a profit.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
2
+0
Translate
Report
36K Views
Comment
Sign in to post a comment
    342Followers
    14Following
    1209Visitors
    Follow