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home / news releases / GFS - GLOBALFOUNDRIES Inc. (GFS) Q4 2023 Earnings Call Transcript


GFS - GLOBALFOUNDRIES Inc. (GFS) Q4 2023 Earnings Call Transcript

2024-02-13 15:21:03 ET

GLOBALFOUNDRIES Inc. (GFS)

Q4 2023 Earnings Conference Call

February 13, 2023 8:30 AM ET

Company Participants

Sam Franklin - Head, Capital Markets & Vice President, Investor Relations

Thomas Caulfield - Chief Executive Officer

David Reeder - Chief Financial Officer

John Hollister - Chief Financial Officer

Niels Anderskouv - Chief Business Officer

Conference Call Participants

Harlan Sur - JPMorgan

Ross Seymore - Deutsche Bank

Joseph Moore - Morgan Stanley

Chris Caso - Wolfe Research

Krish Sankar - TD Cowen

Presentation

Operator

Good day and thank you for standing by. Welcome to GlobalFoundries Conference Call to review the Fourth Quarter and Fiscal Year 2023 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 speaker today, Sam Franklin. Please go ahead.

Sam Franklin

Thank you, operator. Good morning, everyone, and welcome to GlobalFoundries fourth quarter and full year 2023 earnings call. On the call with me today are Dr. Thomas Caulfield, CEO; Niels Anderskouv, Chief Business Officer, along with David Reeder, for his final earnings call and I am very pleased to welcome to the call, John Hollister, who was over from David’s CFO as announced on December 11, 2023/ A short while ago, we released GF's fourth 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 adjusted non-IFRS financial measures. The most directly comparable IFRS measures and reconciliations for adjusted non-IFRS measures are available in today's press release and accompanying slides. I would remind you 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 as believe, expect, intend, anticipate, and may or by the use of the future tense. You should not place some due reliance on forward-looking statements. Actual results may differ materially from these forward-looking statements, and we do not undertake any obligation to update any forward-looking statements we make today. For more information about factors that may cause actual results to differ materially from forward-looking statements, please refer to the press release we issued today, as well as risks and uncertainties described in our SEC filings, including in the sections under the caption Risk Factors in our annual report on Form 20-F filed with the SEC on April 14, 2023.

We will begin today's call with Tom providing a summary update on the current business environment and technologies, following which Dave will provide details on our end markets and fourth quarter results while John will provide first quarter 2024 guidance. We will then open the call for questions with Tom, Dave, John and Neils. We request that you please limit your questions to one with one follow-up....

For further details see:

GLOBALFOUNDRIES Inc. (GFS) Q4 2023 Earnings Call Transcript
Stock Information

Company Name: GlobalFoundries Inc.
Stock Symbol: GFS
Market: NASDAQ

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