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]