What to Expect From GLOBALFOUNDRIES Upcoming Q4 Results?
<p>Deutsche Bank provided its outlook on <a href='https://financialmodelingprep.com/financial-summary/GFS'>GLOBALFOUNDRIES Inc. (NASDAQ:GFS)</a> ahead of the upcoming Q4/22 results announcement. </p>
<p>Despite rising demand weakness/macro headwinds, the analysts believe the company should deliver a solid, approximately in-line Q4, benefitting from a fully booked 2022, backed by fixed/favorably priced long-term agreements.</p>
<p>Looking into fiscal 2023, analysts anticipate that the company should reach its cyclical bottom at some point in the first half of the year, reflecting the trough of the handset market. Taking the year as a whole, the analysts expect the company to be fairly resilient, despite expected weakness in its handset and PC-oriented segments as higher pricing in H2/23 and secure long-term agreements should enable the company to endure the tough macro environment.</p>

NASDAQ:GFS