Shulou(Shulou.com)11/24 Report--

CTOnews.com February 15 news, wafer foundry core (GlobalFoundries, Groufonde) now announced the fourth quarter of 2022 results.

During the reporting period, GE Core achieved revenue of $2.101 billion, up 14 per cent from a year earlier and a record high of 1 per cent month-on-month; gross profit reached an all-time high of 30.1 per cent; and gross profit was $622 million, up 62 per cent from a year earlier and 2 per cent from a month earlier. GE Core expects first-quarter revenue to be between $1.81 billion and $1.85 billion.

GE Core's revenue in 2022 was $8.108 billion, up 23% from the same period last year; gross profit was $2.239 billion, almost double last year's $1.013 billion; gross profit was 27.6%, up from 15.4% last year; adjusted gross profit was 28.4%; operating profit was $1.167 billion; net profit was $1.446 billion, compared with $254 million last year Net profit margin was 17.8%, adjusted EBITDA margin was 38.1%, and diluted earnings per share were $2.62, up from $0.49 last year.

Dr. Thomas Thomas Caulfield, CEO of the company, said:

Our revenue grew by 23% year-on-year in 2022, we achieved record gross margins and net income, and made significant progress towards our long-term financial model. In the fourth quarter, despite well-known inventory revisions, the GF team continued to implement its commitment to customers and shareholders. Looking forward to 2023, we will continue to deepen our cooperation with our customers and bring professional and differentiated solutions to the market.

Major financial highlights in the fourth quarter

Revenue was $2.101 billion, up 14% from a year earlier.

The gross profit margin is 29.6% and the adjusted gross profit margin is 30.1%.

The net income is $668 million.

The adjusted EBITDA is $821 million.

Cash, cash equivalents and marketable securities are $3.346 billion.

Major financial highlights of 2022

Revenue was $8.108 billion, up 23% from a year earlier.

The gross profit margin is 27.6%, and the adjusted gross margin is 28.4%.

The net return is 17.8%, and the adjusted EBITDA profit margin is 38.1%.

CTOnews.com attached grid core 2022Q4 and annual financial report details, as well as 2023Q1 financial report outlook:

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