GlobalFoundries Inc. · NASDAQ:GFS
GlobalFoundries — Q3 2025 Earnings Presentation
32 slides from GlobalFoundries's earnings presentation, Nov 12, 2025
Slide 1: Third Quarter 2025 Financial Results
Third Quarter 2025 Financial Results (unaudited) November 12, 2025 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: Third Quarter 2025 Results
Third Quarter 2025 Results Revenue Non-IFRS Gross Non-IFRS Earnings Margin(1) per Share(1) $1.69B 26.0% $0.41 ↓ (3)% Y/Y ↑ 130bps Y/Y Flat 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 Highlights
Key Highlights » Q3 2025 results at the » ~27% adjusted free high end of non-IFRS cash flow margin(1) in guidance ranges the quarter » Fourth consecutive » >50% year-over-year quarter of double digit growth in design % year-over-year wins(2), over 90% sole- revenue growth in sourced over last 4 Auto
Slide 6: Key Announcements
Key Announcements
Slide 7: GF's New SiGe Technology to Serve Multiple Markets
Key Announcements GF's New SiGe Technology to Serve Multiple Markets CBIC is capable of addressing multiple key markets including smartphones, wireless infrastructure, optical networking, satellite communications & industrial IoT. Expected Features: Reduces Enables high Delivers high consumption res
Slide 8: GF and Silicon Labs Expand Partnership in U.S.
Key Announcements GF and Silicon Labs Expand Partnership in U.S. Reinforcing U.S. semiconductor resilience, GF will manufacture high-performance wireless system- on-chips (SoCs) on its newly introduced 40nm Ultra Low Power platform out of Malta, New York. Expected Outcomes: Introducing a first Furth
Slide 9: GF Reinforcing Supply Resilience in Europe
Key Announcements GF Reinforcing Supply Resilience in Europe This €1.1 billion investment will expand manufacturing capabilities at the Dresden site, with production capacity to increase to more than one million wafers per year by the end of 2028. Expected Outcomes: Support from End-to-end Largest G
Slide 10: End Markets
End Markets
Slide 11: End Market Commentary
End Market Commentary 9 Com Communications Smart Mobile Home and Infrastructure and Devices » Automotive » Industrial IoT » Data Center » Launched our new CBIC Driven by share gains and Reinforcing U.S. We now expect full-year platform, with strong content gains, we are on semiconductor resilience,
Slide 12: Smart Mobile Devices
Smart Mobile Devices Q3'25 Revenue $752M ↓ (13)% Y/Y Q3'25 Key Design Wins End Market Commentary Platform Application Driven by the flexibility of GF's global footprint, we secured our CBIC Low noise amplifier first NOR Flash Memory design BCD Audio amplifier win with a leading Chinese fabless compa
Slide 13: Automotive
Automotive Q3'25 Revenue $306M ↑ 20% Y/Y Q3'25 Key Design Wins End Market Commentary Platform Application In Q3, we signed an MOU with Hyundai that leverages GF's ESF3 Battery mgmt. & drive train deep semiconductor expertise SPCLO Optical networking to make next-generation vehicles smarter, more FDX
Slide 14: Home and Industrial IoT
Home and Industrial IoT Q3'25 Revenue $258M ↓ (16)% Y/Y Q3'25 Key Design Wins End Market Commentary Platform Application Partnered with Egis to produce FinFET Next-gen secure processor the latest generation of direct time-of-flight smart sensors on BCD Charging & consumer PMICs GF's BCD platform in
Slide 15: Communications Infrastructure and Data Center
Communications Infrastructure and Data Center Q3'25 Revenue $175M ↑ 32% Y/Y Q3'25 Key Design Wins End Market Commentary Platform Application In Q3, we secured three new optical networking design wins SiGe 9HP TIA/Driver that deepen our position in FDX Fixed wireless access next-generation optical in
Slide 16: Q3'25 Revenue by End Market
Q3'25 Revenue by End Market (Unaudited, in millions USD) ((Unaudited, in millions) Year-over-year Sequential Q3'25 Q2'25 Q3'24 Q3'25 vs Q3'24 Q3'25 vs Q2'25 Smart Mobile Devices $ 752 $ 683 $ 868 $ (116) (13)% $ 69 10% Communications Infrastructure and Data $ 175 $ 171 $ 133 $ 42 32% $ 4 2% Center H
Slide 17: Q3'25 Revenue Mix by End Market
Q3'25 Revenue Mix by End Market 9(Unaudited) 12% 10% Smart Mobile Devices 15% Communications Infrastructure and Data Center 18% 45% Q3'25 Q3'24 50% Home and Industrial IoT 18% Automotive 15% 10% 7% Non-Wafer & Corporate Other 17
Slide 18: Capex and Cash Flow
Capex and Cash Flow Year-to-Date Through Q3'25 ▪ GF continues to generate consistent adjusted free cash Cash flow from operations $1,357M flow with strong balance sheet fundamentals. Capital expenditures $514M (10% of Revenue) ▪ GF delivered approximately 27% adjusted free cash flow Adjusted FCF(1)
Slide 19: Outlook
Outlook 19
Slide 20: Q4'25 Guidance
Q4’25 Guidance(1) (Unaudited, in millions USD, except per share amounts) IFRS Share-Based Non-IFRS(2) Compensation(3) Net Revenue $1,800 ± $25 Gross Margin(2) 27.6% ± 100bps ~90bps 28.5% ± 100bps Operating Expenses(2) $257 ± $10 ~$47 $210 ± $10 Operating Margin(2) 13.3% ± 180bps ~350bps 16.8% ± 170b
Slide 21: Appendix: Summary Financials and Reconciliations
Appendix: Summary Financials and Reconciliations
Slide 22: Q3'25 Financial Summary
Q3'25 Financial Summary (Unaudited, in millions, except per share data and wafer shipments) Year-over-year Sequential Q3'25 Q2'25 Q3'24 Q3'25 vs Q3'24 Q3'25 vs Q2'25 Net revenue $ 1,688 $ 1,688 $ 1,739 $ (51) (3%) $ — —% Gross profit $ 419 $ 408 $ 414 $ 5 1% $ 11 3% Gross margin 24.8% 24.2% 23.8% +1
Slide 23: Statement of Operations
Statement of Operations (Unaudited, in millions, except per share amounts) Three Months Ended September 30, 2025 June 30, 2025 September 30, 2024 Net revenue $ 1,688 $ 1,688 $ 1,739 Cost of revenue 1,269 1,280 1,325 Gross profit $ 419 $ 408 $ 414 Operating expenses: Research and development 124 134
Slide 24: Statements of Financial Position
Statements of Financial Position (Unaudited, in millions) As of September 30, 2025 December 31, 2024 Assets: Cash and cash equivalents $ 2,016 $ 2,192 Marketable securities 1,268 1,194 Receivables, prepayments and other 1,397 1,406 Inventories 1,645 1,624 Current assets 6,326 6,416 Property, plant,
Slide 25: Statement of Cash Flows
Statement of Cash Flows Three Months Ended September 30, 2025 September 30, 2024 (Unaudited, in millions) Operating Activities: Net income $ 249 $ 178 Depreciation and amortization 314 396 Finance (income) expense, net and other 12 12 Deferred income taxes (6) 37 Net change in working capital 16 (26
Slide 26: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) Three Months Ended September 30, 2025 Selling, Other Income tax Research & Operating Gross profit general & income (expense) Net income Diluted EPS development profit administrative (expense) benefit As Reported $ 41
Slide 27: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) Three Months Ended June 30, 2025 Selling, Income tax Research & Operating Other income Gross profit general & (expense) Net income Diluted EPS development profit (expense) administrative benefit As Reported $ 408 $ 7
Slide 28: IFRS to Non-IFRS Reconciliations
IFRS to Non-IFRS Reconciliations (Unaudited, in millions, except per share amounts) Three months ended September 30, 2024 Selling, Income tax Research & Operating Other income Gross profit general & (expense) Net income Diluted EPS development profit (expense) administrative benefit As Reported $ 41
Slide 29: 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 September 30, 2025 June 30, 2025 September 30, 2024 Net cash provided by operating activities $ 595 $ 431 $ 375 Less: Purchases of property, plant and (189) (159) (162) equipment and in
Slide 30: IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted EBITDA
IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted EBITDA(1) (Unaudited, in millions) Three Months Ended September 30, September 30, June 30, 2025 2025 2024 Net revenue $ 1,688 $ 1,688 $ 1,739 Net income 249 228 178 Net income margin 14.8 % 13.5 % 10.2 % Depreciation and amortization 314 335 396 Fina
Slide 31: 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 32: 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