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GlobalFoundries, Inc. (GFS) Q3 2024 Earnings Call Transcript

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GlobalFoundries, Inc. (NASDAQ:GFS) Q3 2024 Earnings Conference Call November 5, 2024 8:30 AM ET

Company Participants

Sam Franklin – VP, Business Finance & IR
Thomas Caulfield – CEO
John Hollister – CFO
Niels Anderskouv – CBO

Conference Call Participants

Ross Seymore – Deutsche Bank
Krish Sankar – TD Cowen
Chris Caso – Wolfe Research
Mehdi Hosseini – Susquehanna International Group
Mark Lipacis – Evercore ISI
Harlan Sur – J.P. Morgan
Saad Khan – Bank of America Securities

Operator

Good day and thank you for standing by. Welcome to the GlobalFoundries Conference Call to review Third Quarter of Fiscal Year 2024 Financial Results. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions]. Please be advised that today’s conference is being recorded.

I would now like to hand the conference over to your first speaker today, Sam Franklin, VP, Business Finance and Investor Relations. Please go ahead.

Sam Franklin

Thank you, Operator. Good morning, everyone, and welcome to GlobalFoundries third quarter 2024 earnings call. On the call with me today are Dr. Thomas Caulfield, CEO; John Hollister, CFO; and Niels Anderskouv, Chief Business Officer.

A short while ago, we released GF’s third quarter financial results, which are available on our website at investors.gf.com, along with today’s accompanying slide presentation. This call is being recorded and a replay will be made available on our Investor Relations web page.

During this call, we will present both IFRS and non-IFRS financial measures. The most directly comparable IFRS measures and reconciliations for non-IFRS measures are available in today’s press release and accompanying slides.

Please note that these financial results are unaudited and subject to change. Certain statements on today’s call may be deemed to be forward-looking statements. Such statements can be identified by terms such

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