Q4 2025 GlobalFoundries Inc Earnings Call Transcript
Key Points
- GLOBALFOUNDRIES Inc (GFS) delivered strong fourth-quarter results with revenue, gross margin, and EPS at or above the high end of guidance ranges.
- The company achieved double-digit percentage year-over-year growth in the communications infrastructure and data center end market for the fifth consecutive quarter.
- Significant progress was made in technology differentiation, customer partnerships, and leveraging a diversified geographical footprint.
- Acquisitions of AMF and InfiniLink are expected to accelerate the technology roadmap and broaden the portfolio of optical networking solutions.
- The company secured over 500 design wins in 2025, a record number, with over 95% on a sole-source basis to GLOBALFOUNDRIES Inc (GFS).
- Smart mobile devices revenue declined approximately 13% sequentially and 11% from the prior year period in the fourth quarter.
- Full-year 2025 revenue from smart mobile devices decreased 12% year-over-year due to pricing adjustments.
- Home and Industrial IoT revenue decreased 15% year-over-year in the fourth quarter and declined 6% for the full year.
- The company expects a free cash flow margin of approximately 10% of full-year revenue in 2026, a decrease from 17% in 2025.
- The company anticipates a natural increase in operating expenses due to the end of certain legacy tool sales and increased R&D investments.
Thank you for standing by, and welcome to the GlobalFoundries Inc.'s fourth quarter of fiscal year 2025 financial results. (Operator Instructions). And now I'd like to introduce your host for today's program, Eric Chow, Investor Relations.
Thank you, operator. Good morning, everyone, and welcome to GlobalFoundries fourth quarter and full year 2025 earnings call. On the call with me today are Tim Breen, CEO; and Neils Anderskouv, President and Chief Operating Officer; and Sam Franklin, CFO.
A short while ago, we released GF's fourth quarter and full year 2025 financial results, which are available on our website at investors.gf.com, along with today's accompanying slide presentation. This call is being recorded, and a replay will be made available on our Investor Relations web page.
During this call, we will present both IFRS and non-IFRS financial measures. The most directly comparable IFRS measures and reconciliations for non-IFRS measures are available in today's press release and
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