07:54 AM EDT, 05/06/2025 (MT Newswires) -- GlobalFoundries ( GFS ) reported Q1 adjusted earnings Tuesday of $0.34 per share, up from $0.31 a year earlier.

Analysts polled by FactSet expected $0.29.

Revenue for the quarter ended March 31 was $1.59 billion, up from $1.55 billion a year earlier.

Analysts surveyed by FactSet expected $1.58 billion.

For Q2, the company said it expects EPS of $0.27, plus or minus $0.06. Analysts surveyed by FactSet expect $0.36.

Meanwhile, revenue for Q2 is projected to be about $1.68 billion, plus or minus $25 million. Analysts polled by FactSet expect $1.67 billion.