GLOBALFOUNDRIES Inc. reported preliminary financial results for the fourth quarter and full year ended December 31, 2025, highlighting strong execution, margin expansion and strategic portfolio growth.

GF generated revenue of $1.830 billion in the fourth quarter. Gross margin was 27.8%, with Non-IFRS gross margin at 29.0%. Operating margin reached 13.9%, while Non-IFRS operating margin was 18.3%.

Net income totaled $200 million, with Non-IFRS net income of $310 million. Diluted earnings per share were $0.36, compared with Non-IFRS diluted EPS of $0.55. Non-IFRS adjusted EBITDA came in at $641 million.

The company ended the quarter with $4.0 billion in cash, cash equivalents and marketable securities. Net cash provided by operating activities was $374 million, and Non-IFRS adjusted free cash flow totaled $264 million.

For the full year, GF reported revenue of $6.791 billion. Gross margin was 24.9%, with Non-IFRS gross margin at 26.1%. Operating margin reached 11.7%, and Non-IFRS operating margin was 15.7%.

Net income for the year was $888 million, with Non-IFRS net income of $965 million. Diluted EPS came in at $1.59, while Non-IFRS diluted EPS was $1.72. Non-IFRS adjusted EBITDA reached $2.357 billion.

Net cash provided by operating activities totaled $1.731 billion for the year, with Non-IFRS adjusted free cash flow of $1.157 billion.

“GF delivered a strong fourth quarter, with revenue, gross margin, operating margin and earnings per share at or above the high end of the guidance ranges,” said Tim Breen, CEO of GF. He highlighted nearly 400 basis points of year-over-year improvement in Non-IFRS gross margin during the fourth quarter, driven by disciplined cost management and strong execution. He also noted that recent acquisitions are expanding GF’s capabilities as a diversified technology solutions provider aligned with AI data center, Physical AI and on-shoring megatrends.

GF’s Board of Directors approved a new share repurchase authorization of up to $500 million of common stock. The program is valid for 12 months and allows the company to repurchase shares through open market transactions, privately negotiated transactions or other permitted methods. The timing and amount of repurchases will depend on market conditions and other factors.

In January 2026, GF announced a definitive agreement to acquire Synopsys’ ARC Processor IP Solutions business. The acquisition includes ARC-V, ARC-Classic, ARC VPX-DSP and ARC NPX NPU product lines, along with ASIP processor tools. These assets will be integrated with MIPS, a GlobalFoundries company, to create a comprehensive processor IP suite tailored for physical AI applications. The transaction is expected to close in the second half of 2026.

In November 2025, GF announced a long-term strategic partnership with Navitas to accelerate U.S.-based gallium nitride (GaN) technology, design and manufacturing for high-power applications such as AI data centers, performance computing, grid infrastructure and industrial electrification.

That same month, GF acquired Advanced Micro Foundry (AMF), a Singapore-based silicon photonics manufacturer, to accelerate its silicon photonics roadmap and expand its footprint in AI data centers and advanced telecom networks. GF also acquired Infinilink, an Egypt-based design company specializing in high-speed connectivity chips and silicon photonics, enhancing its in-house design capabilities and strengthening customer optical roadmaps.

Original – GlobalFoundries