Q3 2026 earnings presentation (583a0cd2 826f 4724 abee 606b1c24ae5d)

(unaudited)

November 4, 2026

1

Revenue

$1.90B

↑ 13% Y/Y

Non-IFRS Gross Margin(1)

31.4%

↑ 540bps Y/Y

Non-IFRS Earnings per Share(1)

$0.53

↑ 29% 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 Non-IFRS measures are useful.

4

» Revenue and non-IFRS(1) profitability metrics exceeded the midpoints of our guidance ranges

» Record non-IFRS gross margin(1),which grew over 500bps Y/Y, reflecting continued structural mix shift

» Record 81% year-over-year revenue growth in CI&D, driven by optical networking demand

» Completed $100M of share repurchases in the quarter and paid a

$0.12 per share dividend on October 9

(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 Non-IFRS measures are useful. 5

Customers

Wafer revenue

Builds and operates

the fab

Phase 1 + 2

up to ~1.8M wafers/yr*

Provides technology -

incl. FDX, UX and BCD

Funds and owns fab

infrastructure & tooling & operating expenses

Manages operating

expenses, incl. labor, utilities, materials etc.

SPV Infra Employees

& Tools

Special

Purpose Vehicle (SPV)

Technology, construction & operating management,

fees + EBITDA sharing + shared services reimbursement

Owned by the

U.S. and Japanese

governments

Key Contracts

Suppliers

Phase 1 construction underway Strong economies of scale Existing infrastructure Experienced, broad talent base Strong state & county support

*300mm-equivalent basis at full run rate. Approximately ~900k wafers of annual capacity expected for each Phase. Phase 2 fab is subject to approval.

U.S. DoD Trusted Foundry

Up to $21bn for Phase 1 & 2

Funded under the U.S.-Japan Trade Deal

1,000+ high-skilled mfg. jobs

& ~27,000 construction & ecosystem jobs

7

GF announced a multi-year, $2 billion manufacturing agreement

fabrication capacity at its Malta, New York facility.

Expected Outcomes:

Support packaging technologies, including embedded deep trench capacitor components

Provide greater scale and flexibility across multiple product generations for AI and HPC

Ramp volume production in 1H 2028, with a five-year initial term and framework for future expansion

Ed Kaste, SVP of CMOS Business at GF

8

Expected Outcomes:

Add significant SiGe capacity for pluggable transceivers, NPO and CPO

Build on more than a decade of collaboration

to support growing requirements

Support 200G per lane today, with a roadmap to higher speed generations

Robb Johnson, VP, Foundry Technology at Marvell

9

Expected Outcomes:

Deliver power solutions for data center, auto, consumer

& industrial markets

Combine MPS' process technology with GF's manufacturing expertise to drive the next phase of growth

Provide customers with greater capacity, supply assurance and global scale

Deming Xiao, EVP of Global Operations at MPS

10

Communications Infrastructure and Data Center »

Automotive »

Smart Mobile Devices »

Home and Industrial IoT »

12

Secured design wins for both silicon photonics and SiGe at a new optical transceiver customer for hyperscaler demand.

Strengthened data center power portfolio with a design win on our 650V GaN platform and a smart power stage gate driver tape-out on BCD.

13

Auto delivered strong growth, with revenue up 11% sequentially and 20% year over year, representing approximately 19% of the quarter's total revenue.

Growth reflected broad-based secular momentum, and GF continues to win with customers to support the expansion of automotive semiconductor content.

14

Secured new design wins across smartphones and smart glasses, including additional power content and a first-ever design win for fuel gauge ICs in premium tier handsets.

Customer engagement remains strong for GF's differentiated RF, power, audio, display and imaging capabilities for smart and connected mobile devices.

15

Strong customer traction as edge AI workloads grow alongside higher performance requirements for Bluetooth, wireless, cellular and power management components.

Taped out next-generation cellular IoT and Bluetooth products on our FDX platform for wireless connectivity.

16

(Unaudited, in millions)

Year-over-Year Sequential

17

(Unaudited)

12%

32%

19%

$1.90B

20%

17%

Q3 2025

12%

18%

$1.69B

45%

15%

10%

Smart Mobile Devices

Communications Infrastructure and Data Center Home and Industrial IoT

Automotive Technology Services

Totals may not sum to 100% due to rounding

18

Year-to-Date 2026 (in $ millions)

• We continue to expect non-IFRS adjusted free cash flow margin(1) of approximately 10% for the full year 2026.

• GF's Board of Directors approved a

  $0.12 per share quarterly dividend,

  Cash flow from operations $1,288

  Capital expenditures $1,024 (19% of Revenue)

  payable on January 14, 2027 to shareholders of record as of December 22, 2026.

  Non-IFRS Capital expenditures

  net of government grants(1)

  $922 (17% of Revenue)

• During the third quarter, GF repurchased $100 million of its

Non-IFRS Adjusted FCF(1) $366 (7% of Revenue)

ordinary shares.

Cash, cash equivalent and marketable securities

$3.2B at the end of Q3'26

(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 Non-IFRS measures are useful.

19

20

(Unaudited, in millions USD, except per share amounts)

(1) The Guidance provided contains forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995, and is subject to the safe harbors created therein. The Guidance includes management's beliefs and assumptions and is based on information that is available as of the date of this release.

(2) Non-IFRS gross margin, Non-IFRS operating expenses, Non-IFRS operating margin and Non-IFRS diluted EPS are Non-IFRS measures and, for purposes of the Guidance only, are defined as gross profit as a percent of revenue, operating expenses, operating profit as a percent of revenue, and diluted EPS, all before share-based compensation, respectively. See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful.

(3) We expect share-based compensation of $16 million and $52 million in cost of revenue and operating expenses, respectively. The Non-IFRS margin impacts are calculated by dividing share-based compensation by net revenue, and the Non-IFRS diluted EPS impact is calculated by dividing share-based compensation by the fully diluted share count.

(4) Included in IFRS and Non-IFRS diluted EPS is net interest income (expense) and other income (expense) which we estimate will be between $(5) million and $1 million for the fourth quarter 2026. Also included in IFRS and Non-IFRS diluted EPS is income tax expense which we estimate will be between $44 million and $68 million for the fourth quarter 2026. We have not included the impact of expected non-cash charges in non-operating expense for additional common share issuances to the USG based on recent announcements as the timing and amount of these charges are uncertain.

21

(Unaudited, in millions, except per share data and wafer shipments)

Year-over-Year Sequential

(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 Non-IFRS measures are useful.

23

(Unaudited, in millions, except per share amounts)

24

(Unaudited, in millions)

As of

September 30, 2026 December 31, 2025

(Unaudited, in millions)

Three Months Ended

(Unaudited, in millions, except per share amounts)

Three Months Ended September 30, 2026

Net Revenue

Gross profit

Selling, general & administrative

Research & development

Operating profit

Other income (expense)

Income tax (expense) benefit

Net income

Diluted EPS(4)

0.06

36

(2)

-

38

(9)

(21)

8

Amortization of acquired intangibles and other acquisition related charges

0.09

48

(2)

-

50

(9)

(27)

14

Share-based compensation

IFRS margins (1)

30.1%

12.1%

(14.2%)

Structural optimization(2)

4

(16)

(2)

22

-

-

22

0.04

Issuance of shares to the USG

-

-

-

-

441

-

441

0.79

Tax matters(3)

Non-IFRS measures(1)

Non-IFRS margins (1)

28

$ 298

15.7%

$

0.05

0.53

31.4%

17.9%

As Reported $ 1,899 $ 571 $ 157 $ 184 $ 230 $ (439) $ (70) $ (270) $ (0.49)

(1) See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful.

(2) Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges.

(3) Includes tax impact from foreign exchange revaluation of German deferred taxes.

(4)

Non-IFRS diluted shares of 558 million includes 7 million shares that are anti-dilutive for IFRS results.

27

(Unaudited, in millions, except per share amounts)

Three Months Ended June 30, 2026

Selling,

Gross profit general & administrative

Research & development

Operating profit

Other income (expense)

Income tax (expense) benefit

Net income Diluted EPS

0.06

31

-

-

31

(5)

(23)

3

Amortization of acquired intangibles and other acquisition related charges

Share-based compensation

23

(38)

(25)

86

-

(3)

83

0.15

IFRS margins (1)

28.3%

9.7%

9.4%

Structural optimization(2)

3

(4)

-

7

-

(2)

5

0.01

Revaluation and gain on sale of equity investments

Tax matters(3)

-

-

-

-

(25)

5

(20)

(0.04)

-

-

-

-

-

(10)

(10)

(0.02)

Non-IFRS measures (1) $ 534 $ 92 $ 144 $ 298 $ (12) $ (39) $ 256 $ 0.46

As Reported $ 505 $ 157 $ 174 $ 174 $ 13 $ (29) $ 167 $ 0.30

Non-IFRS margins (1) 29.9% 16.7% 14.3%

(1) See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful.

(2) Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges.

(3) Includes $(10) million tax impact from foreign exchange revaluation of German deferred taxes.

28

(Unaudited, in millions, except per share amounts)

Three Months Ended September 30, 2025

Selling,

Gross profit general &

administrative

Research & development

Operating profit

Other income (expense)

Income tax (expense) benefit

Net income Diluted EPS

(1) See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful.

(2) Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges.

(3) Comprised of net deferred tax asset recognition and foreign exchange impact.

29

Non-IFRS Adjusted Free Cash Flow(1)

(Unaudited, in millions)

Three Months Ended

September 30, 2026 June 30, 2026 September 30, 2025

Net cash provided by operating activities $ 341 $ 405 $ 595

Less: Purchases of property, plant and equipment and intangible assets

(301) (411) (189)

Non-IFRS total capital expenditures net of proceeds from government grants(1)

$ (205) $ (408) $ (144)

Non-IFRS adjusted free cash flow(1) $ 136 $ (3) $ 451

Non-IFRS adjusted free cash flow margin(1) 7.2 % (0.2)% 26.7 %

(1) See "Financial Measures (Non-IFRS)" for further discussion on this Non-IFRS measure and why we believe it is useful.

30

Non-IFRS Adjusted EBITDA(1)

(Unaudited, in millions)

September 30,

2026

Three Months Ended

2025

June 30, 2026 September 30,

(1) See "Financial Measures (Non-IFRS)" for further discussion on this Non-IFRS measure and why we believe it is useful.

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In addition to the financial information presented in accordance with International Financial Reporting Standards ("IFRS"), this presentation includes the following Non-IFRS financial measures: Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS operating expense, Non-IFRS net income, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense), Non-IFRS diluted earnings per share ("EPS"), Non-IFRS adjusted EBITDA, Non-IFRS total capital expenditures net of proceeds from government grants, Non-IFRS adjusted free cash flow and any related margins. We define each of Non-IFRS gross profit, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS operating profit, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense) and Non-IFRS net income as gross profit, selling, general and administrative, research and development, operating profit, other income (expense), income tax benefit (expense), and net income, respectively, adjusted for share-based compensation, structural optimization, amortization of acquired intangibles and other acquisition related charges, impairment charges, litigation charges, revaluation of equity investments, restructuring charges, tax matters, and any associated income tax effects. We define Non-IFRS operating expense as Non-IFRS gross profit minus Non-IFRS operating profit. We define Non-IFRS diluted EPS as Non-IFRS net income divided by the diluted shares outstanding. We define Non-IFRS total capital expenditures net of proceeds from government grants as purchases of property, plant and equipment and intangible assets less proceeds from government grants. We define Non-IFRS adjusted free cash flow as cash flow provided by (used in) operating activities less purchases of property, plant and equipment and intangible assets plus proceeds from government grants related to capital expenditures. We define Non-IFRS adjusted EBITDA as net income adjusted for the impact of finance expense, finance income, income tax expense (benefit), depreciation and amortization, share-based compensation, restructuring charges, impairment charges, revaluation of equity investments, structural optimization, litigation claims, shares issued to the USG, and acquisition related charges. We define each of Non-IFRS gross margin, Non-IFRS operating margin, Non-IFRS net income margin, Non-IFRS adjusted free cash flow margin and Non-IFRS adjusted EBITDA margin as Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS net income, Non-IFRS adjusted free cash flow and Non-IFRS adjusted EBITDA, respectively, divided by net revenue. Any adjustments described above that are zero for a given period are excluded from the "Reconciliation of IFRS to Non-IFRS" table. See "Reconciliation of IFRS to Non-IFRS" section for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure.

We believe that in addition to our results determined in accordance with IFRS, these Non-IFRS financial measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These Non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and non-cash charges that occur relatively infrequently and/ or that we consider to be unrelated to our core operations. Management believes that Non-IFRS adjusted free cash flow as a Non-IFRS measure is helpful to investors as it provides insights into the nature and amount of cash the Company generates in the period.

Non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of Non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as comparative measures.

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