- Q3 FY2025 results: Revenue $1.688B; IFRS EPS $0.44 (non‑IFRS EPS $0.41); gross margin 24.8% (non‑IFRS 26.0%). Wafer shipments rose to 602k (300mm‑eq.). 1
- Q4 guide (at midpoints): Revenue $1.80B ± $25M; non‑IFRS diluted EPS $0.47 ± $0.05; non‑IFRS operating margin ~16.8%. 1
- Today in Europe: Saxony’s regional authority fast‑tracked approval for a chemical‑storage expansion tied to GF’s €1.1B “SPRINT” program in Dresden (targeting >1.1M wafers/yr by end‑2028). 2
- This week’s strategy move: GF licensed 650V/80V GaN technology from TSMC; qualification slated for Burlington, Vermont, with products late 2026. 3
Earnings: what stood out
GlobalFoundries posted $1.688B in Q3 revenue, with IFRS EPS at $0.44 and non‑IFRS EPS at $0.41. Margins improved both sequentially and year over year: IFRS gross margin 24.8% (non‑IFRS 26.0%), IFRS operating margin 11.6% (non‑IFRS 15.4%). The company also generated $595M in operating cash flow and ended the quarter with $4.2B in cash, cash equivalents and marketable securities. Management highlighted the fourth consecutive quarter of year‑over‑year revenue growth in Automotive and Communications Infrastructure & Data Center end markets. 1
Guidance: slightly above consensus, with margin expansion
For Q4 FY2025, GF guided to $1.80B ± $25M in revenue, non‑IFRS gross margin ~28.5%, non‑IFRS operating margin ~16.8%, and non‑IFRS diluted EPS of $0.47 ± $0.05. The company plans to review results and outlook on today’s conference call (8:30 a.m. ET, Nov. 12). 1
Stock snapshot (intraday)
As of mid‑afternoon (UTC), GFS traded around $33.39 after opening at $37.06 and touching an intraday high of $37.94. Earlier pre‑market coverage noted shares initially popped on the beat. Intraday moves can be volatile around earnings; see the live chart below. 4
Europe: Dresden expansion momentum
On Nov. 12, the Landesdirektion Sachsen granted approval to expand a chemical storage facility at GF’s Dresden fab—an enabling step that authorities completed in about four months (vs. a typical 9–12 months). The project supports the “SPRINT” expansion, part of GF’s plan to invest €1.1B and lift Dresden output to more than 1.1 million wafers per year by end‑2028. The broader program is backed by German and Saxon incentives under the European Chips Act, with EU approvals referenced in prior announcements. 2
Why it matters: Dresden is GF’s European manufacturing anchor. Faster local approvals de‑risk schedule and logistics for capacity adds that support automotive, industrial and connectivity customers across the region. 5
Power semis: GaN push with TSMC
On Nov. 10, GF announced a technology licensing agreement with TSMC covering 650V and 80V GaN. GF will qualify the tech at its Burlington, Vermont site and targets late‑2026 availability—positioning the company to address datacenter, industrial and automotive power devices amid rising efficiency and power‑density demands. 3
End‑market mix and demand drivers
GF remains a differentiated, feature‑rich foundry with substantial capacity outside of Taiwan and China, serving customers such as AMD, Qualcomm and NXP. Its smartphone segment remains the largest piece of revenue, while Automotive and Communications Infrastructure & Data Center continue to grow in importance as EV platforms, ADAS and AI‑enabled datacenters scale. 6
Key numbers at a glance (Q3 FY2025)
- Revenue: $1.688B
- IFRS EPS: $0.44; non‑IFRS EPS: $0.41
- IFRS gross margin: 24.8%; non‑IFRS: 26.0%
- IFRS operating margin: 11.6%; non‑IFRS: 15.4%
- Wafer shipments: 602k (300mm‑equivalent)
- Q4 guide: Revenue $1.80B ± $25M; non‑IFRS EPS $0.47 ± $0.05
All figures company‑reported. 1
What to watch next
- Execution on Dresden “SPRINT” milestones (cleanroom ramps, tool installs) and any EU‑funding clarity under the European Chips Act. 7
- GaN commercialization timeline in Vermont and initial customer design‑ins for 650V/80V devices. 3
- Mix shift toward automotive and data‑center use‑cases versus smartphones as AI workloads and vehicle electrification expand. 6
Note: This article is for informational purposes and is not investment advice.
