GLOBALFOUNDRIES(US:GFS) Zhi Tong Cai Jing·2025-11-12 13:45Core Insights - GlobalFoundries (GFS.US) reported third-quarter earnings that exceeded Wall Street expectations, with revenue of $1.69 billion, a year-over-year decline of 2.9%, surpassing estimates by $10 million [1] - The adjusted gross margin increased to 26%, driven by a focus on profitability and a more strategic product mix [1] - The company anticipates fourth-quarter revenue of $1.8 billion, with an adjusted EPS forecast of $0.47 [2] Group 1: Financial Performance - Third-quarter revenue reached $1.69 billion, exceeding expectations by $10 million [1] - Non-GAAP EPS for the third quarter was $0.41, surpassing estimates by $0.03 [1] - The adjusted gross margin improved to 26%, reflecting enhanced profitability strategies [1] Group 2: Market Outlook - The company expects fourth-quarter revenue to be around $1.8 billion, with a fluctuation of $25 million [2] - Adjusted EPS for the fourth quarter is projected at $0.47, with a fluctuation of $0.05 [2] - Gross margin for the fourth quarter is anticipated to be 28.5%, with a fluctuation of 100 basis points [2] Group 3: Strategic Growth Areas - The company experienced strong year-over-year growth in the automotive and communication infrastructure sectors, as well as in data center end markets [1] - Key growth applications such as silicon photonics and FDX platforms are showing robust customer demand [1] - Strong orders from automotive manufacturers and telecom infrastructure companies indicate the success of the company's strategy to enter high-growth chip markets [1]