GLOBALFOUNDRIES Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 1,549 million compared to USD 1,841 million a year ago. Net income was USD 133 million compared to USD 254 million a year ago.

Basic earnings per share from continuing operations was USD 0.24 compared to USD 0.46 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.46 a year ago.