Globalfoundries Inc. · NASDAQ:GFS
Globalfoundries — Q4 2025 Earnings Presentation
40 slides from Globalfoundries's earnings presentation, Feb 11, 2026
Slide 1: Fourth Quarter and Full-Year 2025 Financial Results
Fourth Quarter and Full-Year 2025 Financial Results (unaudited) February 11, 2026 1
Slide 2: Disclaimer - Forward-looking statements and Third-Party Data
Disclaimer - Forward-looking statements and Third-Party Data This presentation and the accompanying oral presentation include “forward- Although we believe that the expectations reflected in our statements are We define Non-IFRS adjusted free cash flow as cash flow provided by (used looking statemen
Slide 3: Results and Highlights
Results and Highlights
Slide 4: Fourth Quarter 2025 Results
Fourth Quarter 2025 Results Revenue Non-IFRS Gross Non-IFRS Earnings Margin(1) per Share(1) $1.83B 29.0% $0.55 Flat Y/Y ↑ 360bps Y/Y ↑ 20% Y/Y (1) See the Appendix for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure and for a discussion of why we believe t
Slide 5: Key Fourth Quarter 2025 Highlights
Key Fourth Quarter 2025 Highlights Quarterly Results Cash Generation » Q4 2025 results at or » ~14% Non-IFRS above the high end of adjusted free cash flow non-IFRS(1) guidance margin(1) in the quarter ranges End Market Highlight Shareholder Return » Fifth consecutive » GF's Board of quarter of doubl
Slide 6: Full-Year 2025 Results
Full-Year 2025 Results Revenue Non-IFRS Gross Non-IFRS Earnings Margin(1) per Share(1) $6.79B 26.1% $1.72 ↑ 1% Y/Y ↑ 80bps Y/Y ↑ 10% Y/Y (1) See the Appendix for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure and for a discussion of why we believe these N
Slide 7: Key Full-Year 2025 Highlights
Key Full-Year 2025 Highlights Mix Shift Evolution Deeper Partnerships » Auto and CI&D » Won a record 500+ comprised a record designs across the ~1/3 of total revenue in broadest customers 2025, up from ~27% in and applications in our 2024 history Silicon Photonics Global Footprint » ~Doubled 2025 si
Slide 8: Key Announcements
Key Announcements
Slide 9: GF to Acquire Synopsys' Processor IP Solutions
GF to Acquire Synopsys’ Processor IP Solutions Expanding our portfolio ARC-Classic ARC-DSP ARC-AI ARC-V ASIP Designer Proven IP broadly Application-specific for Optimized for AI use Newest solutions built Tools for customers deployed in key markets IoT, vision, radar/LiDAR cases around RISC-V ISA de
Slide 10: Accelerating Physical AI for Our Customers
Accelerating Physical AI for Our Customers Processor IP Business Enabling customers to drive Physical AI innovation with tailored technology offerings Speed Ecosystem Expertise Accelerated time-to-market Expanded customer reach Enhanced compute across with a complete portfolio and market access crit
Slide 11: GaN Technology for Critical Power Applications
GaN Technology for Critical Power Applications GF and Navitas will deliver advanced solutions for critical applications that demand the highest efficiency and power density, including AI data centers, performance computing, energy and grid infrastructure and industrial electrification. Expected Outc
Slide 12: Advancing GF Photonics with InfiniLink Acquisition
Advancing GF Photonics with InfiniLink Acquisition Engineering talent and IP enhance GF capabilities Differentiated IP Faster innovation cycles A Silicon Photonics system with integrated design Design Enablement design company with expertise in designing complete PIC and EIC solutions, the fundament
Slide 13: End Markets
End Markets
Slide 14: End Market Commentary
End Market Commentary 9 Com Communications Smart Mobile Home and Infrastructure and Devices » Automotive » Industrial IoT » Data Center » Continued focus on More than tripled smart Deepened collaboration Nearly doubled silicon differentiated applications sensors and networking with a leading MCU pho
Slide 15: Smart Mobile Devices
Smart Mobile Devices Q4'25 Revenue $657M ↓ (11)% Y/Y Q4'25 Key Design Wins End Market Commentary Platform Application Secured a key design win on our UX platform for next-gen CBIC Low noise amplifier imaging in mobile phones and 22UX Next-gen imaging action cameras, with an estimated lifetime revenu
Slide 16: Automotive
Automotive Q4'25 Revenue $427M ↑ 3% Y/Y Q4'25 Key Design Wins End Market Commentary Platform Application In 2025, we secured over 50% more design wins in Automotive ESF3 Microcontroller compared to the year prior, BCD Audio amplifier which builds upon years of increasing design win FinFET Smart came
Slide 17: Home and Industrial IoT
Home and Industrial IoT Q4'25 Revenue $303M ↓ (15)% Y/Y Q4'25 Key Design Wins End Market Commentary Platform Application In Aerospace and Defense, we FDX Next-gen AI enabled MCUs secured new design wins across secure connectivity and RF Secure communications RF applications that will begin ramping i
Slide 18: Communications Infrastructure and Data Center
Communications Infrastructure and Data Center Q4'25 Revenue $225M ↑ 32% Y/Y Q4'25 Key Design Wins End Market Commentary Platform Application Photonic IC design wins at both 9SW Low noise amplifier + switch endpoints of the scale-up network, marking an important CLO Co-packaged optics step in the ind
Slide 19: Q4'25 Revenue by End Market
Q4'25 Revenue by End Market (Unaudited, in millions USD) ((Unaudited, in millions) Year-over-year Sequential Q4'25 Q3'25 Q4'24 Q4'25 vs Q4'24 Q4'25 vs Q3'25 Smart Mobile Devices $ 657 $ 752 $ 738 $ (81) (11)% $ (95) (13)% Communications Infrastructure and Data $ 225 $ 175 $ 170 $ 55 32% $ 50 29% Cen
Slide 20: Full-Year Revenue by End Market
Full-Year Revenue by End Market (Unaudited, in millions USD) ((Unaudited, in millions) Year-over-year 2025 2024 2025 vs 2024 Smart Mobile Devices $ 2,678 $ 3,048 $ (370) (12)% Communications Infrastructure and Data $ 745 $ 577 $ 168 29% Center Home and Industrial IoT $ 1,189 $ 1,267 $ (78) (6)% Auto
Slide 21: Q4'25 Revenue Mix by End Market
Q4'25 Revenue Mix by End Market 9(Unaudited) 12% 8% Smart Mobile Devices 36% Communications Infrastructure and Data Center 23% 40% 23% Q4'25 Q4'24(1) Home and Industrial IoT Automotive 17% 12% 19% 9% Non-Wafer & Corporate Other (1) Totals may not sum to 100% due to rounding. 21
Slide 22: Full-Year Revenue Mix by End Market
Full-Year Revenue Mix by End Market 9(Unaudited) 11% 10% Smart Mobile Devices 39% 18% Communications Infrastructure and Data Center 21% 45% 2025 2024(1) Home and Industrial IoT Automotive 19% 18% 11% 9% Non-Wafer & Corporate Other (1) Totals may not sum to 100% due to rounding. 22
Slide 23: Capex and Cash Flow
Capex and Cash Flow Full Year 2025 Cash flow from operations $1,731M ▪ 2025 Non-IFRS Adjusted Free Cash Flow was a new record and above target set out at the Capital expenditures $722M (11% of Revenue) start of the year. ▪ Driven by the multi-year Capital expenditures net of $574M (8% of Revenue) in
Slide 24: Outlook
Outlook 24
Slide 25: Q1'26 Guidance
Q1’26 Guidance(1) (Unaudited, in millions USD, except per share amounts) IFRS Share-Based Non-IFRS(2) Compensation(3) Net Revenue $1,625 ± $25 Gross Margin(2) 26.0% ± 100bps ~100bps 27.0% ± 100bps Operating Expenses(2) $272 ± $10 ~$47 $225 ± $10 Operating Margin(2) 9.3% ± 190bps ~390bps 13.2% ± 180b
Slide 26: Appendix: Summary Financials and Reconciliations
Appendix: Summary Financials and Reconciliations
Slide 27: Q4'25 Financial Summary
Q4'25 Financial Summary (Unaudited, in millions, except per share data and wafer shipments) Year-over-year Sequential Q4'25 Q3'25 Q4'24 Q4'25 vs Q4'24 Q4'25 vs Q3'25 Net revenue $ 1,830 $ 1,688 $ 1,830 $ — —% $ 142 8% Gross profit $ 508 $ 419 $ 449 $ 59 13 % $ 89 21 % Gross margin 27.8% 24.8% 24.5%
Slide 28: Full-Year 2025 Financial Summary
Full-Year 2025 Financial Summary (Unaudited, in millions, except per share data and wafer shipments) Year-over-year 2025 2024 2025 vs 2024 Net revenue $ 6,791 $ 6,750 $ 41 1% Gross profit $ 1,690 $ 1,651 $ 39 2% Gross margin 24.9% 24.5% +40bps Non-IFRS gross profit(1) $ 1,773 $ 1,709 $ 64 4% Non-IFR
Slide 29: Statement of Operations
Statement of Operations (Unaudited, in millions, except per share amounts) Three Months Ended Year Ended December 31, 2025 September 30, 2025 December 31, 2024 2025 2024 Net revenue $ 1,830 $ 1,688 $ 1,830 $ 6,791 $ 6,750 Cost of revenue 1,322 1,269 1,381 5,101 5,099 Gross profit $ 508 $ 419 $ 449 $
Slide 30: Statements of Financial Position
Statements of Financial Position (Unaudited, in millions) As of December 31, 2025 December 31, 2024 Assets: Cash and cash equivalents $ 1,809 $ 2,192 Marketable securities 1,241 1,194 Receivables, prepayments and other 1,578 1,406 Inventories 1,577 1,624 Current assets 6,205 6,416 Property, plant, a
Slide 31: Statement of Cash Flows
Statement of Cash Flows (Unaudited, in millions) Three Months Ended Year Ended December 31, 2025 December 31, 2024 2025 2024 Operating Activities: Net income (loss) $ 200 $ (729) $ 888 $ (262) Depreciation and amortization 313 378 1,314 1,568 Finance (income) expense, net and other (10) (28) 3 (38)
Slide 32: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) Three Months Ended December 31, 2025 Selling, Income tax Research & Operating Other income Gross profit general & (expense) Net income Diluted EPS development profit (expense) administrative benefit As Reported $ 508
Slide 33: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) Three Months Ended September 30, 2025 Selling, general Income tax Research & Operating Other income Gross profit & (expense) Net income Diluted EPS development profit (expense) administrative benefit As Reported $ 41
Slide 34: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) Three months ended December 31, 2024 Selling, general Income tax Research & Operating Other income Net income Gross profit & (expense) Diluted EPS development profit (expense) (loss) administrative benefit As Reporte
Slide 35: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) 2025 Year Ended Selling, general Income tax Research & Operating Other income Gross profit & (expense) Net income Diluted EPS development profit (expense) administrative benefit As Reported $ 1,690 $ 375 $ 518 $ 797
Slide 36: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) 2024 Year Ended Selling, Income tax Research & Operating Other income Gross profit general & (expense) Net income Diluted EPS development profit (expense) administrative benefit As Reported $ 1,651 $ 427 $ 496 $ (214
Slide 37: IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted Free Cash Flow
IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted Free Cash Flow (1) a (Unaudited, in millions) Three Months Ended Year Ended December 31, 2025 September 30, 2025 December 31, 2024 2025 2024 Net cash provided by operating activities $ 374 $ 595 $ 457 $ 1,731 $ 1,722 Less: Purchases of property, plan
Slide 38: IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted EBITDA
IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted EBITDA(1) Three Months Ended Year Ended (Unaudited, in millions) December 31, September 30, December 31, 2025 2024 2025 2025 2024 Net revenue $ 1,830 $ 1,688 $ 1,830 $ 6,791 $ 6,750 Net income (loss) 200 249 (729) 888 (262) Net income (loss) margin 1
Slide 39: Financial Measures (Non-IFRS)
Financial Measures (Non-IFRS) In addition to the financial information presented in accordance with International Financial We believe that in addition to our results determined in accordance with IFRS, these Non- Reporting Standards ("IFRS"), this press release includes the following Non-IFRS finan
Slide 40: Thank You
Thank You The information contained herein is the property of GlobalFoundries and/or its licensors. This document is for informational purposes only, is current only as of the date of publication and is subject to change by GlobalFoundries at any time without notice. GlobalFoundries, the GlobalFound