GlobalFoundries | 20-F: FY2025 Annual Report

GlobalFoundries reported revenue of $6.8 billion for fiscal year 2025, a slight increase of 0.6% from $6.75 billion in 2024. Net income reached $888 million, compared to a net loss of $262 million in the previous year. Gross margin improved to 24.9% from 24.5%, despite a 10.4% decline in average selling prices, as higher factory utilization and lower costs offset pricing pressures.The company saw strong growth in key segments, with Automotive revenue increasing 16.9% year-over-year to $1.41 billion and Communications Infrastructure & Data Center growing 29.1% to $745 million. However, Smart Mobile Devices revenue declined 12.1% to $2.68 billion due to lower pricing and reduced customer payments. The company achieved record design wins and completed strategic acquisitions including AMF, MIPS, and InfiniLink to enhance its technology portfolio.Looking ahead, GlobalFoundries secured a $1.5 billion CHIPS...Show More

GlobalFoundries reported revenue of $6.8 billion for fiscal year 2025, a slight increase of 0.6% from $6.75 billion in 2024. Net income reached $888 million, compared to a net loss of $262 million in the previous year. Gross margin improved to 24.9% from 24.5%, despite a 10.4% decline in average selling prices, as higher factory utilization and lower costs offset pricing pressures.The company saw strong growth in key segments, with Automotive revenue increasing 16.9% year-over-year to $1.41 billion and Communications Infrastructure & Data Center growing 29.1% to $745 million. However, Smart Mobile Devices revenue declined 12.1% to $2.68 billion due to lower pricing and reduced customer payments. The company achieved record design wins and completed strategic acquisitions including AMF, MIPS, and InfiniLink to enhance its technology portfolio.Looking ahead, GlobalFoundries secured a $1.5 billion CHIPS Act grant and plans to invest over $16 billion across its U.S. facilities over the next decade. The company maintained a strong balance sheet with $4.0 billion in cash and marketable securities, while reducing debt to $1.2 billion from $1.8 billion in 2024. Management remains focused on expanding capacity and capabilities in differentiated technologies while strengthening its global manufacturing footprint.