GLOBALFOUNDRIES Inc. (GF) announced preliminary financial results for the first quarter ended March 31, 2025.

Key First Quarter Financial Highlights

  • Revenue of $1.585 billion
  • Gross margin of 22.4% and Non-IFRS gross margin of 23.9%
  • Operating margin of 9.5% and Non-IFRS operating margin of 13.4%
  • Net income of $211 million and Non-IFRS net income of $189 million
  • Diluted earnings per share of $0.38 and Non-IFRS diluted earnings per share of $0.34
  • Non-IFRS adjusted EBITDA of $558 million
  • Ending cash, cash equivalents and marketable securities of $3.7 billion
  • Net cash provided by operating activities of $331 million and Non-IFRS adjusted free cash flow of $165 million

“In the first quarter, the GF team delivered strong financial results at the high end of the Non-IFRS guidance ranges for revenue, gross margin, and earnings per share,” said Tim Breen, CEO of GF. “A testament to our solid execution, operational excellence, and robust design wins, our Automotive, Communications Infrastructure and Datacenter, and Home and Industrial IoT end markets grew year over year in the first quarter. From autonomous vehicles to satellite communications to optical networking, GF continues to build momentum in critical applications with robust growth prospects.”

Recent Business Highlights

  • GF and indie Semiconductor announced a strategic partnership to develop high-performance radar systems-on-chip (SoC). Built on GF’s automotive-qualified 22FDX® platform, these solutions will target 77 GHz and 120 GHz radar applications to enable safety-critical advanced driver assistance systems with low cost, small footprint, and efficient power consumption.
  • Ayar Labs announced that the industry’s first Universal Chiplet Interconnect Express (UCIe) optical interconnect chiplet will utilize GF’s monolithic photonics platform. GF’s technology uniquely enables Ayar Lab’s solution to enhance AI infrastructure performance by driving high-speed data over long distances, while reducing latency and power consumption.
  • In April, Bosch announced at Auto Shanghai the launch of its next generation single chip radar sensor, which reliably, precisely, and quickly detects objects for assisted and automated driving. As previously announced, GF continues its partnership with Bosch, enabling this high-performance, high-efficiency automotive radar technology with GF’s 22FDX platform.

Original – GLOBALFOUNDRIES