GLOBALFOUNDRIES(US:GFS) Globenewswireยท2025-08-05 11:00Core Insights - GLOBALFOUNDRIES Inc. reported strong preliminary financial results for Q2 2025, exceeding guidance for revenue, gross margin, and earnings per share [3][7][12] - The company experienced double-digit year-over-year revenue growth in its Automotive and Communications Infrastructure and Datacenter segments [3][8] - The anticipated acquisition of MIPS and the establishment of a China-for-China foundry partnership are expected to enhance long-term value for customers [3][8] Financial Highlights - Q2 2025 net revenue reached $1.688 billion, a 3% increase from Q2 2024's $1.632 billion and a 6% increase from Q1 2025's $1.585 billion [6][12] - Gross profit for Q2 2025 was $408 million, with a gross margin of 24.2%, consistent with Q2 2024 [6][7] - Non-IFRS gross margin was reported at 25.2%, reflecting a 130 basis points increase year-over-year [9][23] - Net income for Q2 2025 was $228 million, up 47% from $155 million in Q2 2024 [7][12] - Diluted earnings per share (EPS) increased to $0.41, a 46% rise compared to $0.28 in Q2 2024 [7][12] Operational Highlights - The company reported wafer shipments of 581 thousand 300mm equivalent wafers, a 12% increase year-over-year [9][21] - Ending cash, cash equivalents, and marketable securities totaled $3.9 billion, with net cash provided by operating activities amounting to $431 million [7][14] - Non-IFRS adjusted EBITDA for Q2 2025 was $585 million, with an adjusted EBITDA margin of 34.7% [7][23] Strategic Developments - In June 2025, GLOBALFOUNDRIES was named the exclusive manufacturing partner for Continental's Advanced Electronics & Semiconductor Solutions [8] - The company announced a definitive agreement to acquire MIPS, enhancing its portfolio with advanced RISC-V processor IP [8] - The China-for-China strategy was advanced through a partnership with a local Chinese foundry to support domestic demand [8]