Globalfoundries Inc. · NASDAQ:GFS
Globalfoundries — Investor Day (2026)
101 slides from Globalfoundries's investor day presentation, 2026
Slide 1: GlobalFoundries Investor Day 2026
GlobalFoundries Investor Day 2026 1
Slide 2: Welcome
Welcome Eric Chow Head of Investor Relations 2
Slide 3: 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 total capital expenditures net of proceeds from looking statements” tha
Slide 4: At the Center of Durable, High-Growth Megatrends
At the Center of Durable, High-Growth Megatrends Tim Breen Chief Executive Officer 4
Slide 5: Agenda
Agenda Tim Breen, CEO 1 At the Center of Durable, High-Growth Megatrends Gregg Bartlett, CTO 2 Executing GF’s Next Phase of Growth Mike Hogan, CBO 3 Propelling End Markets with Essential Chip Technologies Sam Franklin, CFO 4 Poised to Capture and Maximize Value 5 Q&A 5
Slide 6: Megatrends Dramatically Reshaping Our Industry
Megatrends Dramatically Reshaping Our Industry Rapid Scaling of Proliferation of AI into Need for Resilient Global AI Data Centers the Physical World Semiconductor Supply 6
Slide 7: Megatrends Dramatically Reshaping Our Industry
Megatrends Dramatically Reshaping Our Industry Rapid Scaling of Proliferation of AI into Need for Resilient Global AI Data Centers the Physical World Semiconductor Supply 7
Slide 8: Key Themes Defining AI Data Centers
Key Themes Defining AI Data Centers AI Workloads Driving Forcing a Fundamental Explosive Growth in Shift in Infrastructure Compute Demand Requirements Explosion of Global Data Transition from Copper to Optical Power Consumption Skyrocketing Transition to High Voltage DC 8
Slide 9: The Benefits of Optical Networking
The Benefits of Optical Networking Critical Industry Needs Copper Interconnect Optical Networking Reach <2 m >>100m Bandwidth Density <1 Tb/s/mm >10 Tb/s/mm Energy Efficiency >5 pJ/bit 2-5 pJ/bit Compute Efficiency ~15% XPU Utilization ~85% XPU Utilization At data rates beyond 200G per lane, optical
Slide 10: Next Generation Data Center Power
Next Generation Data Center Power Critical Industry Needs Legacy Next Generation Conversion Stages 4-6 2-3 Power Density < 1 kW/inch3 > 2 kW/inch3 Energy Efficiency < 75% > 85% Increasing XPU power consumption driving higher voltages & power density from grid to core Illustrative Purposes Only; Sour
Slide 11: Winning in Next-Gen AI Data Center
Winning in Next-Gen AI Data Center Design Support & Technology Leadership Global Footprint Ecosystem • Leading SiPho & SiGe • In-house turnkey design • 300mm & 200mm SiPho BiCMOS portfolio • Strategic partners (EDA / Test manufacturing at scale in NY Optical & Singapore • Thru-silicon vias / Fiber /
Slide 12: Megatrends Dramatically Reshaping Our Industry
Megatrends Dramatically Reshaping Our Industry Rapid Scaling of Proliferation of AI into Need for Resilient Global AI Data Centers the Physical World Semiconductor Supply 12
Slide 13: AI Everywhere: From Data Center to Edge
AI Everywhere: From Data Center to Edge Transformation Connected World Smart Devices Physical AI Millions of Cloud Instances Billions of Smart Devices 10s of Billions of Devices <1 Decade 3 Decades 2 Decades Online Commerce Mobile Phones Generative AI Application Millions of Users Billions of Shipme
Slide 14: Physical AI Drives Much Broader Workloads
Physical AI Drives Much Broader Workloads Sense, think, act and communicate in dynamic, unpredictable environments Sense Think Act Communicate Gather data from Process data and Execute commands Share data and environment make decisions with motors, drives status internally and and actuators external
Slide 15: A Significant & Expanded Market Opportunity
A Significant & Expanded Market Opportunity Transportation Industrial Personal Autonomous Vehicles Industrial Robots Logistics & Delivery Drones Factory & Agricultural Cobots $18B+ Autonomous Shipping Autonomous Defense Systems Robotaxis Predictive Maintenance Systems Physical AI SAM by 2030 Consume
Slide 16: Megatrends Dramatically Reshaping Our Industry
Megatrends Dramatically Reshaping Our Industry Rapid Scaling of Proliferation of AI into Need for Resilient Global AI Data Centers the Physical World Semiconductor Supply 16
Slide 17: The Impact of Geopolitical Forces on Our Industry
The Impact of Geopolitical Forces on Our Industry Global uncertainty driving a shift toward regionalized supply Fragmented supply chains Tariffs & trade barriers Talent & knowledge silos Cost inflation across regions Longer time-to-market 17
Slide 18: Industry Vulnerable to Geographic Concentration
Industry Vulnerable to Geographic Concentration More than 50% of Global >10nm Capacity is located in China & Taiwan Source: Third party and Internal estimates; figures approximate 18
Slide 19: Industry's First & Only Flexible Global Footprint
Industry’s First & Only Flexible Global Footprint Dependable, Geographically Diverse Operations Fabs Fab Support China-for-China Flexibility Partnership Fungible, cross-qualified capacity across fabs Uniqueness Customers value an all-in-one partner across three continents Burlington, VT Dresden, Ger
Slide 20: Strategic Partners for U.S. Expansion
Strategic Partners for U.S. Expansion Apple “ “ [GF’s] efforts are critical to building a secure and resilient [GF’s] chips are an essential part of Apple products like iPhone, and semiconductor supply chain in the U.S. to support the next wave of they’re a powerful example of American manufacturing
Slide 21: Broadest Customer Traction in GF's History
Broadest Customer Traction in GF’s History Accelerating Design Win Growth Engaged With Leading Industry Players 7 of the top 8 Industrial IDMs 2024 Design Wins 2025 Design Wins All of the top 5 Automotive OEMs +50% All of the top 6 ~325 >500 Mobile Device Fabless & OEMs All of the top 4 US Hyperscal
Slide 22: Now at GF's Inflection Point
Now at GF’s Inflection Point Delivering a Rapid Scaling of AI Unique Technology Data Centers Roadmap Proliferation of AI Megatrends & GF Scaling Global into the Physical World Opportunity Transformation Footprint Transforming Need for Resilient Customer Global Semiconductor Engagement Supply 22
Slide 23: Executing GF's Next Phase of Growth
Executing GF’s Next Phase of Growth Gregg Bartlett Chief Technology Officer 23
Slide 24: Technology Platforms Positioned for Growth
Technology Platforms Positioned for Growth Leading platforms for data center AI infrastructure Leading platforms for physical AI applications Packaging Power Optical Networking Quantum Ultra-low power CMOS MIPS Advanced Power Pluggables Co-packaged Quantum FinFET FDX IP Custom Software Packaging D
Slide 25: Technology Platforms Positioned for Growth
Technology Platforms Positioned for Growth Leading platforms for data center AI infrastructure Leading platforms for physical AI applications Packaging Power Optical Networking Quantum Ultra-low power CMOS MIPS Advanced Power Pluggables Co-packaged Quantum FinFET FDX IP Custom Software Packaging De
Slide 26: Clear Leader in Optical Networking
Clear Leader in Optical Networking Leading Pluggables Scalable Accelerated & CPO Solutions Manufacturing Time to Market Enabling 1.6T & Beyond: High-volume manufacturing in Partnerships across the value 200G/λ available today, 400G/λ the US and Singapore in chain – EDA, IP/solutions and demonstrated
Slide 27: Wide Range of Optical Networking Scaling Solutions
Wide Range of Optical Networking Scaling Solutions Scale Up Scale Out Scale Across Standards (MSA) OSFP, XPO, OCI, CPX OSFP, XPO OSFP 50/100 Gbps/λ NRZ 800Gbps/1.6Tbps Application Requirements 100/200/400 Gbps/λ PAM4 100/200/400 Gbps/λ PAM4 Coherent / Coherent-Lite GF Platforms SPLCO, SPX, 9HP+, 40S
Slide 28: GF's Differentiated Pluggable Solution
GF’s Differentiated Pluggable Solution GF Focus GF Differentiation 0.8T 1.6T 3.2T Non-undercut low loss Standards compatible Fiber Attach edge coupled solution + lane speeds Modulator 200G/λ to 400G/λ Integration of TOSA + and ROSA Integrated Athermal Optical Filter CWDM MUX/DeMUX Wafer level qualit
Slide 29: SCALE: GF's CPO Solution for OCI
SCALE: GF’s CPO Solution for OCI Silicon Photonics Co-packaged Advanced Light Engine The industry’s first MSA Manufactured In-House Enabled by GF’s Ecosystem capable CPO platform SCALE 53Gbps signaling rate Bi-directional signaling 2-CWDM wavelength groups per fiber OCI MSA Founding Members 4-DWDM w
Slide 30: Scaling Designs With Trusted Partners
Scaling Designs With Trusted Partners IP / Design EDA Test Detachable Bringing Together Laser Fiber a Complete Providers Ecosystem Research Assembly Partners 30
Slide 31: Line-of-Sight to Accelerated Photonics Revenue
Line-of-Sight to Accelerated Photonics Revenue Silicon Photonics Revenue Actual Results Served out of our scaled 200mm ~$2B & 300mm footprint in Malta & SG Pluggables Forecast NPO / CPO Forecast >$1B run-rate ~40% Optical Networking Wafer SAM CAGR 2025 2030 >$400M 2028 ~2x Ramping ~2x Near & Co-Pack
Slide 32: From Energy to Intelligence: Powering What's Next
From Energy to Intelligence: Powering What’s Next Mobile Automotive Data Centers Always-on intelligence Software-defined AI Accelerators ▪ Continuous companion culture ▪ More intelligence ▪ Thermally efficient power density ▪ Faster battery charging ▪ Higher voltage ▪ Reliable across voltage and tem
Slide 33: Power in the AI Data Center: Essential Technology
Power in the AI Data Center: Essential Technology Data Centers Key Application Design Needs Increasing Power High Reliability Fast Switching & Density Across Voltage and Intelligence Temperature Key Problems to Solve ▪ Thermal control ▪ High operating ▪ Architecture flexibility temperature ▪ Fewer s
Slide 34: Winning In Next-Gen AI Data Center
Winning In Next-Gen AI Data Center Selected Power System Example Key Requirements GF Solutions IBC: 100V GaN GaN: 800V DC ▪ 48V to IBC (6V): 97% ƞ ▪ High reliability across voltage and temperature across load ▪ Wide range of operating voltages up to 800VDC ▪ Core VR efficiency > 92% ▪ Hard switching
Slide 35: From Energy to Intelligence: Powering What's Next
From Energy to Intelligence: Powering What’s Next Mobile Automotive Data Centers BCD High-voltage BCD Power GaN ~$1 Billion incremental annual revenue by 2030 35
Slide 36: Quantum Technology Solutions
Quantum Technology Solutions Cryogenic 3D-HI : Cryogenic & Quantum CMOS: FDX Superconducting Modalities ▪ Undoped channel – prevents ▪ Interposer / ‘wiring wafer’ ▪ Ion Trap carrier freeze-out ▪ Superconducting ▪ Topological ▪ Back-gate bias interconnect ▪ Superconducting ▪ High voltage, leading mmW
Slide 37: Technology Platforms Positioned for Growth
Technology Platforms Positioned for Growth Leading platforms for data center AI infrastructure Leading platforms for physical AI applications Packaging Power Optical Networking Quantum Ultra-low power CMOS MIPS Advanced Power Pluggables Co-packaged Quantum FinFET FDX IP Custom Software Packaging D
Slide 38: Accelerating Physical AI for Our Customers
Accelerating Physical AI for Our Customers * Building a world leading RISC-V IP, software, and custom silicon platform Footprint Ecosystem Expertise First RISC-V company 300+ customers across Family of 41 different at scale MIPS + ARC RISC-V and AI cores *Subject to the satisfaction of customary clo
Slide 39: Delivering Physical AI Through Manufacturing & IP
Delivering Physical AI Through Manufacturing & IP Workload driven IP & design with Software-First Modular Workload Processor IP Optimized Open Instruction Set Newest Solutions Processor IP Design Optimizations for Physical AI Architecture Built on RISC-V ISA* Architecture Influences Technology Techn
Slide 40: MIPS Capabilities Accelerating GF
MIPS Capabilities Accelerating GF Differentiated Value │ Embedded in the Design Cycle │ Durable Relationships IP Licensing & Royalties Software Custom Silicon Deliver differentiated RISC-V Accelerate customer time-to- Invest in flagship custom CPU cores for real-time, safety, market via a robust, in
Slide 41: Accelerating Innovation Through Venture Partners
Accelerating Innovation Through Venture Partners Advanced Optical Optical Circuit Neuromorphic Quantum Power Compute Switching Compute Compute 41
Slide 42: GF Now a Holistic Technology Partner
GF Now a Holistic Technology Partner Differentiated Advanced Technology Custom Processes Packaging Services Silicon All delivered from a unique scaled footprint 42
Slide 43: Propelling End Markets with Essential Chip Technologies
Propelling End Markets with Essential Chip Technologies Mike Hogan Chief Business Officer 43
Slide 44: AI Transforming All End Markets
AI Transforming All End Markets Comms Infra & Smart Mobile Home & Data Center Devices Automotive Industrial IoT AI Data Center Physical AI 44
Slide 45: Servicing a Large & Growing Opportunity Set
Servicing a Large & Growing Opportunity Set 10% Serviceable Addressable Market SAM CAGR 2025 2030 Historical Forecast 28% $75B $120B $25B CI&D in 2025 in 2030 $31B Auto 9% $41B IoT 9% $23B SMD 2% 2015 2020 2025 2030 Source: Internal estimates; figures approximate 45 CAGR: compound annual growth rate
Slide 46: Automotive
Automotive 46
Slide 47: Serving a Growing Application Set
Serving a Growing Application Set Auto SDV Architecture & Network Assisted & Autonomous Driving • Domain controllers • Cameras • Zonal aggregators • Radar • Edge controllers • Lidar • Ethernet • High-speed SerDes GF Content Opportunity (per car) 1.5x Growth Power Train 2025 2030 • Voltage regulators
Slide 48: FDX Enables State-of-the-Art ADAS Radars
FDX Enables State-of-the-Art ADAS Radars Auto Enhanced road safety FDX a game changing technology 5-8 20 radars per car Auto customers by 2030 on FDX World class Best range & receiver sensitivity resolution >75% Improvement vs >300m/<0.1o traditional CMOS Auto grade reliability Max radar density & s
Slide 49: Gearing Up for Accelerated Growth in Auto
Gearing Up for Accelerated Growth in Auto Auto Auto End Market Revenue Low double 3x digits % CAGR Growth in number of cameras, radar, and lidar sensors in vehicles 2025 2030 1.5x $1.4B Automotive design wins in 2025 vs 2024 #1 $0.1B Leading supplier to the #1 Automotive MCU player 2020 2025 2030E S
Slide 50: Home & Industrial IoT
Home & Industrial IoT 50
Slide 51: Powering Connected Edge Intelligence
Powering Connected Edge Intelligence IoT Sense & Act Think Always Connected Radar Narrow Band-IoT Multi-protocol Analog Precision Infrared WiFi HaLow Wireless Camera WiFi Video Cellular Edge AI Processing MCU MPU Time of Flight Bluetooth RISC-V Physical Actuation Always On Ultra Wide Band 60GHz Smal
Slide 52: eNVM Enables Security, Performance & Speed
eNVM Enables Security, Performance & Speed IoT Enabling device autonomy eNVM a value multiplier 39B+ Connected IoT devices by 2030, virtually all requiring eNVM Enables autonomous Deterministic wake secure always on AI up, low latency, off- enabled IoT edge line inference capable devices Broad eNVM
Slide 53: Surging Growth in IoT as AI Reaches the Edge
Surging Growth in IoT as AI Reaches the Edge IoT IoT End Market Revenue* Mid-teens % 2.5x CAGR Growth in number of continuous glucose monitors 2025 2030 200+ Home and Industrial IoT design $1.2B wins in 2025 $0.7B 7 of top 8 Industrial IDMs are engaged with GF 2020 2025 2030E *Excluding ~$1B legacy
Slide 54: Smart Mobile Devices
Smart Mobile Devices 54
Slide 55: Unlocking Content Across Smart Devices
Unlocking Content Across Smart Devices SMD Wireless Connectivity • 5G Cellular Transceivers • WiFi • Ultra Wide Band support • Near Field Communication Advanced RF Audio • Power Amplifier • Audio Amplifier • Coupler • Haptics Control • Antenna Tuner Imaging & Display Power • Camera Controller • Powe
Slide 56: GF Tech Enabling the Form Factor Revolution
GF Tech Enabling the Form Factor Revolution SMD AI accelerating content beyond smartphones 56
Slide 57: Powering Devices Everywhere
Powering Devices Everywhere SMD Optimal power and size Proven differentiated BCD platform 30% to 50% Smartphones with wireless charging ability 2025 to 2029 Integrates power Higher voltage range devices, analog enables faster control, sensing, wireless charging logic, and eNVM Reduced total system L
Slide 58: SMD Stable on Diversifying Opportunities
SMD Stable on Diversifying Opportunities SMD SMD End Market Revenue ~10x $2.7B Flat Growth in smart glasses SAM $2.4B 2025 2030 All of top 5 Smartphone OEMs are engaged with GF 9 of top 10 Advanced RF suppliers are GF customers 2020 2025 2030E Source: Third party and Internal estimates; figures app
Slide 59: Communications Infrastructure & Data Center
Communications Infrastructure & Data Center 59
Slide 60: Reliable Tech for High-Power Functionality
Reliable Tech for High-Power Functionality CI&D Low-power, high-frequency Industry-leading SiGe >1 billion Cumulative TIA Driver IC unit demand by 2030 SiGe leadership traces High performance back more than four 200Gλ & 400G/λ decades through its solutions for scale-up heritage in IBM and scale-out
Slide 61: NSX Winning in Satellite User Terminals
NSX Winning in Satellite User Terminals CI&D Internet anytime, anywhere NSX enabling smaller terminals 2.6B 400mm2 People worldwide Si content in RF Front without internet access End (~5x of smartphone) Superior low noise Minimizing number of amplifier for low noise amplifiers broadband connection a
Slide 62: CI&D Enabling Next-Gen Infrastructure
CI&D Enabling Next-Gen Infrastructure CI&D CI&D End Market Revenue 30%+ CAGR 3x Growth in satellite broadband subscribers 2025 2030 >70% Data center networking ports will be $1.0B Optical by 2030 $0.7B Legacy Digital 4 of top 5 Pluggable transceiver players are engaged with GF 2020 2025 2030E Source
Slide 63: Why Our Customers Choose GF
Why Our Customers Choose GF amazon leo “GF's platforms enable highly integrated, power-optimized RF solutions that help extend reach, increase bandwidth and manage thermal constraints, ultimately improving long-term reliability both in space and on the ground.” — Amazon Leo Engineering Team “As conn
Slide 64: Positioned at the Center of Secular Drivers
Positioned at the Center of Secular Drivers Defining Megatrends Major GF End Markets An Explosion of Applications Home & Rapid Scaling of Automotive Industrial IoT AI Data Centers Proliferation of AI into the Smart Mobile Comms Infra & Devices Data Center Physical World 64
Slide 65: Poised to Capture and Maximize Value
Poised to Capture and Maximize Value Sam Franklin Chief Financial Officer 65
Slide 66: Core Mission: Three Principles
Core Mission: Three Principles Diversified Revenue Meaningful Margin Delivering Substantial Growth Expansion Shareholder Value 66
Slide 67: Core Mission: Three Principles
Core Mission: Three Principles Diversified Revenue Meaningful Margin Delivering Substantial Growth Expansion Shareholder Value 67
Slide 68: Expect to Outperform in Secular Growth Markets
Expect to Outperform in Secular Growth Markets CAGRs 2025 2030 30%+ GF SAM GF Revenue ~28% Share Gain Content Expansion Mid Teens % Low Double Digits % New Form Factors ~9% ~9% ~2% Flat Smart Mobile Devices Automotive Home & Industrial IoT Comms Infra & Data Center Source: Internal estimates; figure
Slide 69: Propelled By Multiple Growth Accelerators
Propelled By Multiple Growth Accelerators SMD Auto IoT CI&D Expectation by 2030 ~$2B Annual Silicon Photonics Revenue ~$1B Incremental Power Annual Revenue Custom Silicon, ~$1B Run Rate IP & Software Revenue 2025 2030 Low Double Flat Mid Teens % 30%+ Revenue CAGR Digits % Source: Internal estimates;
Slide 70: Accelerating Our Growth With Strategic M&A
Accelerating Our Growth With Strategic M&A Data Center AI Accretive Acquisitions Closed: Unlocks new silicon photonics Nov 2025 capabilities and capacity ✓ Expanding SAM Closed: Strengthens customers’ optics ✓ Revenue Diversification Nov 2025 roadmaps and design into GF ✓ Accelerating Growth Physica
Slide 71: Capturing Greater Value Through Diversification
Capturing Greater Value Through Diversification 2020 2025 2030 12% 23% 20% 45% ~75% 17% 57% 23% 3% Manufacturing Services Revenue by End Market SMD Auto IoT CI&D Note: 2020 excludes ~$1B legacy personal computing revenue; Source: Internal estimates; figures approximate 71
Slide 72: Revenue Acceleration in High Value Markets
Revenue Acceleration in High Value Markets IP & Software Higher Value Revenue Silicon Photonics Data Center Power Delivery Satellite Communications Edge Intelligence & Physical AI Auto & Defense Grade Technologies Accretive Revenue 72
Slide 73: Revenue Model Evolution
Revenue Model Evolution 2025 2030 Manufacturing Services Wafers + (incl. Manufacturing of Custom Silicon) Manufacturing Value Add + (incl. Adv. Packaging, Optical Modules) Wafers Wafers Technology Services +Manufacturing of Custom Silicon Technology Value Add (incl. Masks, Reticles, NRE) IP, Licensi
Slide 74: Core Mission: Three Principles
Core Mission: Three Principles Diversified Revenue Meaningful Margin Delivering Substantial Growth Expansion Shareholder Value 74
Slide 75: Leading Peers in Gross Margin Expansion
Leading Peers in Gross Margin(1) Expansion Approximate Change in Gross Margin(1) Since 2021 (GF IPO) Proven Results GFS TSMC TSEM UMC SMIC Demonstrated structural margin improvement +1000 bps +800 bps +100 bps -500 bps Outperformed peers over -1000 bps the last four years Disciplined execution and c
Slide 76: Demonstrated Gross Margin Expansion
Demonstrated Gross Margin(1) Expansion Revenue ($M) Gross Margin(1) (%) +3.1% Y/Y +510 bps 29.0% $1,585 $1,634 23.9% Q1'25 Q1'26 Q1'25 Q1'26 (1) This is a Non-IFRS measure. See the Appendix for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure and for a disc
Slide 77: Clear Line-of-Sight to Gross Margin Expansion
Clear Line-of-Sight to Gross Margin(1) Expansion Gross Margin(1) (%) Structural Gross Margin Drivers Actual Reported Expected ~45% + Mix Transformation ~40% + Capacity Utilization 29.0% ~30% + Efficient Capacity Ramp 23.9% + Accretive Acquisitions + Technology Services Multiple Long-Term Levers With
Slide 78: Operating Margin Expansion At Scale
Operating Margin(1) Expansion At Scale Operating Margin(1) (%) Scaling R&D(1) Growth Actual Reported Expected ▪ Increased investments to bolster ~35% technology differentiation & IP ▪ Aggressive acceleration of product development for customer demand ~25% ~20% Disciplined SG&A(1) 16.6% 13.4% ▪ Wides
Slide 79: Core Mission: Three Principles
Core Mission: Three Principles Diversified Revenue Meaningful Margin Delivering Substantial Growth Expansion Shareholder Value 79
Slide 80: Disciplined, Targeted Capex Aligned to Demand
Disciplined, Targeted Capex Aligned to Demand Post-IPO Capacity Semiconductor Downcycle Fueling High-Margin Expansion & Efficient Fab Remixing Secular Growth Drivers Net Capex(1) $ By Quarter % of Revenue by Quarter 20% LT model 15%-20% 2021 2022 2023 2024 2025 2026E Beyond (1) This is a Non-IFRS me
Slide 81: Efficient Expansion Roadmap Offers Optionality
Efficient Expansion Roadmap Offers Optionality Wafer Production Capacity Principles of Capacity Expansion Millions of 300mm Equivalents Align capacity with demand Target growth in the highest gross profit manufacturing Incremental Utilize cleanroom space before ~2.7M modular expansions Modular ~2.2M
Slide 82: Government Partnerships A Critical Enabler
Government Partnerships A Critical Enabler United States Germany Singapore • Investment Tax Credit • European Chips Act (SPRINT) • Economic Development • CHIPS Act Grants • IPCEI Board (EDB) • NY State & Local Support • Other R&D Grants • A*STAR (Photonics R&D) • Expected Recoveries: 35-55% • Expect
Slide 83: A Robust Financial Model
A Robust Financial Model Track Record Exit 2028 Long-Term Target 2021 → 2025 Revenue CAGR +1% Long-Term Through Cycle: 10-12% Gross Margin(1) 16% → 26% 40% → 45% Operating Margin(1) 3% → 15% 25% → 35% Earnings Per $4.00 $(0.05) → $1.72 → $6.00 Share(1) (Annualized) Net Capex(1) as % 22% Long-Term Th
Slide 84: Robust Free Cash Flow
Robust Free Cash Flow Free Cash Flow(1) ($B) Free Cash Flow(1) Margin % Disciplined Capital Allocation ~$5.0B Liquidity ($4.0B Cash, $1.0B revolver) Leverage Ratio below 1.0x ~$400M capital returned out of $500M authorized Disciplined M&A strategy, with strict ROIC hurdles Self-funded growth: sustai
Slide 85: Capital Allocation To Grow Shareholder Value
Capital Allocation To Grow Shareholder Value Reinvest in Pursue Inorganic Return Cash to Profitable Growth Opportunities Shareholders Capital Efficiency Strategic M&A Opportunistic Buybacks Innovation Focus Differentiated & Accretive Future Dividend Strong Balance Sheet | Free Cash Flywheel | Discip
Slide 86: Capital Allocation To Grow Shareholder Value
Capital Allocation To Grow Shareholder Value Reinvest in Pursue Inorganic Return Cash to Profitable Growth Opportunities Shareholders Capital Efficiency Strategic M&A Opportunistic Buybacks Innovation Focus Differentiated & Accretive Dividend Announcement Strong Balance Sheet | Free Cash Flywheel |
Slide 87: A New Chapter for GF's Shareholder Return
A New Chapter for GF’s Shareholder Return Announcing Our First Ever Quarterly Cash Dividend 12 cents per share, payable on July 14th, 2026(1) A New Target to Return up to 50% of TTM FCF(2) via Dividends & Buybacks (1)For shareholders of record as of June 24th, 2026 (2)Target to return up to 50% of T
Slide 88: Core Mission: Three Principles
Core Mission: Three Principles Diversified Revenue Meaningful Margin Delivering Substantial Growth Expansion Shareholder Value Strongest differentiated Several concurrent drivers Line of sight to strong product portfolio in our for substantial margin profitability growth history to drive durable imp
Slide 89: Why We Win
Why We Win Positioned at the center of multiple durable, high-growth megatrends Multiple new high-margin businesses, to propel revenue growth 2030 & beyond Strongest technology portfolio ever, accelerated by IP and software Focused globally where customers need differentiation, security and scale Mo
Slide 90: Appendix: Additional Materials, Summary Financials, and Reconciliations
Appendix: Additional Materials, Summary Financials, and Reconciliations 90
Slide 91: Fungible, Diverse, Expansive Footprint
Fungible, Diverse, Expansive Footprint Auto and Defense Grade Sites Full Production Currently Ramping Singapore Dresden U.S. China* ULP CMOS Silicon Photonics Feature Rich CMOS Power RF SOI 91 *Via a partnership with a domestic China foundry
Slide 92: Specialized GF Solutions Across Silicon Photonics
Specialized GF Solutions Across Silicon Photonics Selected Portfolio Examples Pluggables Co-Packaged Optics (CPO) CWDM Bi-Directional Scale-Up DWDM Bi-Directional 400G AOC High radix, low latency Optical Interposer Scale-Out 800G DR4 / 1.6T DR8 1.6T (200G/λ MRM-based) High bandwidth, low loss 1.6T
Slide 93: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations(1) (Unaudited, in millions, except per share amounts) Twelve Months Ended December 31, 2025 Selling, general Research & Operating Other income Income tax Gross profit & development profit (expense) (expense) Net income Diluted EPS administrative benefit As Reported $
Slide 94: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations(1) (Unaudited, in millions, except per share amounts) Twelve Months Ended December 31, 2024 Selling, Research & Operating Other income Income tax Gross profit general & development profit (expense) (expense) Net income Diluted EPS administrative benefit As Reported $
Slide 95: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations(1) (Unaudited, in millions, except per share amounts) Twelve Months Ended 2023 Gross profit Selling, general Research & Operating profit Net income Diluted EPS & administrative development As Reported $ 2,101 $ 473 $ 428 $ 1,129 $ 1,018 $ 1.83 IFRS margins (1) 28.4%
Slide 96: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations(1) (Unaudited, in millions, except per share amounts) Twelve Months Ended 2022 Gross profit Operating profit Net income Diluted EPS As Reported $ 2,239 $ 1,167 $ 1,446 $ 2.62 IFRS margins (1) 27.6% 14.4% 17.8% Share-based compensation 64 182 182 0.33 Restructuring ch
Slide 97: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations(1) (Unaudited, in millions, except per share amounts) Twelve Months Ended 2021 Gross profit Operating profit Net income Diluted EPS As Reported $ 1,013 $ (60) $ (254) $ (0.49) IFRS margins (1) 15.4% (0.9%) (3.9%) Share-based compensation 55 228 228 0.44 Non-IFRS meas
Slide 98: 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) Year Ended 2025 2024 2023 Net cash provided by operating activities $ 1,731 $ 1,722 $ 2,125 Less: Purchases of property, plant and equipment and intangible (722) (625) (1,804) assets Add: Proceeds from go
Slide 99: IFRS to Non-IFRS Reconciliation: Non-IFRS Adjusted EBITDA
IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted (1) Year Ended (Unaudited, in millions) 2025 2024 2023 2022 2021 Net revenue $ 6,791 $ 6,750 $ 7,392 $ 8,108 $ 6,585 Net income (loss) 888 (262) 1,018 1,446 (254) Net income (loss) margin 13.1 % (3.9)% 13.8 % 17.8 % (3.9)% Depreciation and amortizati
Slide 100: 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 presentation includes the following Non-IFRS financ
Slide 101: 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