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GLOBALFOUNDRIES Inc.

GLOBALFOUNDRIES Inc.

NASDAQ•GFS
CEO: Dr. Thomas H. Caulfield DES, Ph.D.
Sector: Technology
Industry: Semiconductors
Listing Date: 2021-10-28
GlobalFoundries Inc., a semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide. It manufactures various semiconductor devices, including microprocessors, mobile application processors, baseband processors, network processors, radio frequency modems, microcontrollers, and power management units. GlobalFoundries Inc. has a strategic partnership with Efficient Computer to develop high-performance computer processors. The company was incorporated in 2008 and is headquartered in Malta, New York.
Contact Information
400 Stonebreak Road Extension, Malta, NY, 12020, United States
518-305-9013
gf.com
Market Cap
$22.92B
P/E (TTM)
-528.3
65
Dividend Yield
--
52W High
$47.69
52W Low
$29.77
52W Range
64%
Rank51Top 71.3%
3.0
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 3 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2019-2025

Financial Dashboard

Q3 2025 Data

Revenue

$1.69B-2.93%
4-Quarter Trend

EPS

$0.45+40.63%
4-Quarter Trend

FCF

$406.00M+90.61%
4-Quarter Trend

2024 Annual Earnings Highlights

Key Highlights

Revenue Decline Amid Correction Net revenue fell 8.7% to $6.75B USD; 300mm wafer shipments decreased 4% due to customer inventory adjustments.
Gross Margin Pressure, Impairment Gross margin dropped 390 basis points to 24.5%; recorded $935M impairment charge on Malta legacy fabrication assets.
Increased Technology Investment R&D expenses increased 15.9% to $496M USD, reflecting higher portfolio investments and personnel costs for future differentiation.
Strong Operating Cash Flow Cash provided by operating activities totaled $1.72B USD, supported by $1.0B undrawn revolving credit facility available for liquidity.

Risk Factors

Significant Net Loss Recorded Reported net loss of $(262)M USD for 2024, contrasting sharply with $1.02B income reported in the prior fiscal year.
ASP Decline and Utilization Average selling price per wafer declined 3%; utilization rate was 77%, exposing high fixed costs to margin pressure.
Internal Control Weaknesses Management concluded ICFR was not effective at year-end 2024 due to insufficient expertise retention and control documentation issues.
Geopolitical and Trade Tensions Exposure remains high from global economic tensions, trade barriers, and reliance on complex silicon supply chains globally.

Outlook

Major US Capacity Investment Plans include over $12B investment across US sites, contingent upon securing anticipated federal and state government funding support.
AI Refresh Drives Recovery Future demand improvement relies on stabilization of inflation/interest rates and the anticipated catalyst of the AI refresh cycle.
Managing Long-Term Agreements Expect limited continuation of LTA renegotiations in 2025 as the company works to preserve economic value of existing contracts.
Focus on Differentiated Platforms Strategy pivots toward differentiated platforms like RF, FinFET, and SiPh, discontinuing the intensive single-digit node R&D program.

Peer Comparison

Revenue (TTM)

United Microelectronics CorporationUMC
$236.13B
+4.1%
CDW CorporationCDW
$22.10B
+6.1%
ASE Technology Holding Co., Ltd.ASX
$19.92B
+5.2%

Gross Margin (Latest Quarter)

F5, Inc.FFIV
82.2%
+1.5pp
Gartner, Inc.IT
68.9%
+0.9pp
Teradyne, Inc.TER
58.4%
-0.8pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ASX$42.34B37.511.3%34.0%
TER$36.29B81.715.9%1.7%
ON$24.67B76.93.9%27.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-2.7%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 10, 2026
|
EPS:$0.47
|
Revenue:$1.80B
Reports
All Years

  • Form 20-F - FY 2024

    Period End: Dec 31, 2024|Filed: Mar 20, 2025|
    Revenue: $6.75B-8.7%
    |
    EPS: $-0.48-125.9%
    Miss

  • Form 20-F - FY 2023

    Period End: Dec 31, 2023|Filed: Apr 29, 2024|
    Revenue: $7.39B-8.8%
    |
    EPS: $1.85-31.2%
    Beat

  • Form 20-F - FY 2022

    Period End: Dec 31, 2022|Filed: Apr 14, 2023|
    Revenue: $8.11B+23.1%
    |
    EPS: $2.69+649.0%
    Miss

  • Form 20-F - FY 2021

    Period End: Dec 31, 2021|Filed: Mar 31, 2022|
    Revenue: $6.59B+35.7%
    |
    EPS: $-0.50+80.7%
    Miss