First Quarter 2025 Financial Results Non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of Non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as ...

Core Insights - GLOBALFOUNDRIES Inc. reported strong preliminary financial results for Q1 2025, achieving revenue and earnings at the high end of its Non-IFRS guidance ranges, driven by growth in key markets such as Automotive, Communications Infrastructure, and Datacenter [3][7] Financial Highlights - Net revenue for Q1 2025 was $1.585 billion, a year-over-year increase of 2% from $1.549 billion in Q1 2024 [6][14] - Gross profit was $355 million, with a gross margin of 22.4%, down from 25.4% in Q1 2024 [6][7] - Non-IFRS gross profit was $379 million, with a Non-IFRS gross margin of 23.9% [6][7] - Operating profit was $151 million, with an operating margin of 9.5% [9][14] - Net income was $211 million, translating to diluted earnings per share of $0.38, compared to $0.24 in Q1 2024 [7][14] Business Developments - The company announced a strategic partnership with indie Semiconductor to develop high-performance radar systems-on-chip, targeting advanced driver assistance systems [8] - Ayar Labs will utilize GF's monolithic photonics platform for the industry's first Universal Chiplet Interconnect Express optical interconnect chiplet, enhancing AI infrastructure performance [8] - Bosch launched a next-generation single chip radar sensor at Auto Shanghai, continuing its partnership with GF to enable high-performance automotive radar technology [8] Guidance for Q2 2025 - The company expects Q2 2025 net revenue to be approximately $1.675 billion, with a gross margin of around 24.1% [10][11] - Diluted EPS is projected to be approximately $0.27 under IFRS and $0.36 under Non-IFRS measures [10][11]