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GFS

GLOBALFOUNDRIES Inc.

GFS

GLOBALFOUNDRIES Inc. • NASDAQ
$35.84 ▲ 1.62% (+0.57)
Market Cap $19.85 B
52w High $47.69
52w Low $29.77
Dividend Yield 0%
P/E -448
Volume 1.02M
Outstanding Shares 553.73M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $1.688B $224M ▲ $248M ▲ 14.692% ▲ $0.45 ▲ $523M ▲
Q2-2025 $1.688B ▲ $212M ▲ $228M ▲ 13.507% ▲ $0.41 ▲ $519M ▲
Q1-2025 $1.585B ▼ $204M ▼ $210M ▲ 13.249% ▲ $0.38 ▲ $490M ▼
Q4-2024 $1.83B ▲ $1.15B ▲ $-730M ▼ -39.891% ▼ $-1.32 ▼ $594M ▲
Q3-2024 $1.739B $229M $177M 10.178% $0.32 $561M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.284B ▲ $16.708B ▼ $4.942B ▼ $11.712B ▲
Q2-2025 $3.095B ▲ $16.803B ▲ $5.335B ▼ $11.415B ▲
Q1-2025 $2.877B ▼ $16.479B ▼ $5.375B ▼ $11.054B ▲
Q4-2024 $3.386B ▼ $16.799B ▼ $5.975B ▼ $10.776B ▼
Q3-2024 $3.473B $18.105B $6.523B $11.533B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $249M ▲ $595M ▲ $-329M ▼ $-40M ▼ $226M ▲ $406M ▲
Q2-2025 $228M ▲ $431M ▲ $-207M ▲ $-35M ▲ $194M ▲ $272M ▲
Q1-2025 $211M ▲ $331M ▼ $-211M ▼ $-717M ▼ $-596M ▼ $165M ▼
Q4-2024 $-729M ▼ $457M ▲ $-92M ▲ $-452M ▼ $-94M ▼ $322M ▲
Q3-2024 $178M $375M $-263M $-12M $102M $213M

Revenue by Products

Product Q3-2022Q4-2022Q2-2023Q4-2023
Engineering And Other PreFabrication Services
Engineering And Other PreFabrication Services
 $120.00M ▲$140.00M ▲$120.00M ▼$450.00M ▲
Water Fabrication
Water Fabrication
 $1.96Bn ▲$1.96Bn ▲$1.73Bn ▼$5.09Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue grew strongly through 2022, then stepped down over the last two years as the industry softened. The company moved from sizeable profits in 2022 and 2023 back to a modest loss in 2024, mainly because profitability shrank faster than sales. Gross profit has come down from its peak, and operating income, which had turned clearly positive, slipped back into the red. EBITDA remains positive, so the core business still generates earnings before heavy non‑cash and investment costs, but the recent reversal in net income shows how sensitive results are to pricing, mix, and utilization. Overall, the income statement tells a story of a cyclical comedown after a strong upcycle, with solid progress since 2020 but a clear near‑term setback in 2024.

Balance Sheet

Balance Sheet The balance sheet looks relatively strong and more mature than a few years ago. Total assets have been built up, equity has steadily increased, and the company now has a thicker capital cushion than it did before going public. Cash levels are healthy and well above where they were in 2020, giving some flexibility to weather industry swings or fund projects. Debt is meaningful but not extreme relative to the size of the business, and leverage has improved compared with the pre‑IPO period as equity has grown. In short, the balance sheet reflects a capital‑intensive manufacturer that has gradually strengthened its financial foundation, even as growth has paused.

Cash Flow

Cash Flow Cash generation is a clear bright spot. Operating cash flow has been consistently positive and robust for several years, including through weaker periods, which indicates that the core operations bring in real cash even when accounting profits dip. Free cash flow has been volatile because capital spending has swung from very heavy to more moderate, but it has recently turned comfortably positive again as investment levels eased. Historically, the company has spent aggressively on facilities and equipment; that intensity has come down from the peak years, freeing more cash. Overall, the cash flow profile suggests a business capable of funding much of its own growth, but still exposed to large investment cycles.

Competitive Edge

Competitive Edge GLOBALFOUNDRIES positions itself away from the fiercest battle for the very smallest, most advanced chips and instead focuses on specialized, “feature‑rich” manufacturing. Its strengths include leading positions in radio‑frequency chips, power‑efficient processes, and automotive‑grade technologies, which are crucial for 5G, connected devices, and modern vehicles. The company benefits from a geographically diverse fab footprint across the U.S., Europe, and Asia, which appeals to customers worried about geopolitics and supply security. Its “trusted foundry” status for U.S. defense work, long‑term relationships with major chip designers, and government support for domestic manufacturing all deepen its moat. The main competitive risk is that larger rivals can still apply scale and capital to adjacent segments, and customers may shift volumes if technology roadmaps or cost structures change.

Innovation and R&D

Innovation and R&D Innovation is centered on process technologies that enable low power, strong radio performance, and advanced connectivity rather than chasing the tiniest geometries. The company is a leader in FD‑SOI and RF‑SOI, supports mature FinFET nodes, and is pushing hard into silicon photonics to handle exploding data movement needs. It is also investing in newer materials like gallium nitride for high‑power and AI‑related applications, and in advanced packaging to integrate multiple functions efficiently. Many of these efforts are aligned with multi‑year trends in automotive electronics, data centers, and so‑called “physical AI” in smart devices and industrial systems. The opportunity is sizable, but success will depend on execution: ramping new platforms on time, winning and keeping large anchor customers, and balancing heavy R&D and fab spending with profitability.

Summary

GLOBALFOUNDRIES has transformed from a heavily loss‑making foundry into a more disciplined, cash‑generative specialist, but it is currently in a down phase of the semiconductor cycle. Revenue and margins have retreated from their highs, and 2024 shows that earnings can slip back into losses when demand or pricing softens. At the same time, the balance sheet is stronger, cash flows are solid, and the company benefits from a differentiated focus on specialized technologies, a diversified global footprint, and substantial government and strategic partner support. Key things to watch include how quickly profitability recovers as end markets rebound, the pace and payoff of large investment projects in the U.S. and in new technologies like silicon photonics and gallium nitride, and how well the company can maintain its niche against larger foundry competitors while managing the inherent volatility and capital intensity of the semiconductor industry.

NEWS

November 20, 2025 · 8:30 AM UTC

GlobalFoundries and Navitas Semiconductor Partner to Accelerate U.S. GaN Technology and Manufacturing for AI Datacenters and Critical Power Applications

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November 19, 2025 · 11:53 AM UTC

GlobalFoundries and BAE Systems Collaborate on Semiconductors for Space

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November 17, 2025 · 8:30 PM UTC

GlobalFoundries Acquires Advanced Micro Foundry, Accelerating Silicon Photonics Global Leadership and Expanding AI Infrastructure Portfolio

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November 14, 2025 · 7:00 AM UTC

GlobalFoundries to Host Inaugural Business and Strategy Webinar

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November 12, 2025 · 7:00 AM UTC

GlobalFoundries Reports Third Quarter 2025 Financial Results

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