The earnings call highlighted significant achievements in free cash flow and automotive revenue growth, alongside strong design win momentum and strategic initiatives. However, it also noted challenges such as a major impairment charge, an overall revenue decline, and specific weaknesses in the IoT and communications infrastructure segments.

Company Guidance

In the recent earnings call, GlobalFoundries provided guidance highlighting a modest return to year-over-year revenue growth in the first quarter of 2025, following a year of sequential revenue increases throughout 2024. The company exceeded its 2024 target of generating three times the adjusted free cash flow compared to 2023, achieving over $1 billion, and aims to surpass this in 2025. For Q1 2025, GlobalFoundries anticipates revenue between $1.55 billion and $1.6 billion, with gross profit expected to be between $341 million and $384 million. The firm also projects ending 2025 with an adjusted gross margin of approximately 30%, driven by improved factory utilization, structural cost optimizations, and enriching product mix. Additionally, the company plans to maintain its capital-efficient strategy with a net CapEx of approximately $700 million for the year.

Exceeded Free Cash Flow Target

In 2024, GlobalFoundries significantly exceeded its free cash flow target, generating over $1 billion in adjusted free cash flow, which was approximately 3x the adjusted free cash flow of 2023.

Automotive Revenue Growth

Automotive revenue grew by 15% year-over-year in 2024, reaching a new annual record and exceeding $1 billion, marking a significant accomplishment in this end market.

Design Wins Momentum

GlobalFoundries reported a record level of design wins across all end markets, with almost 90% secured on a sole source basis, indicating strong customer partnerships and market positioning.

Advanced Packaging and Photonics Center

Announced a new center for advanced packaging and test capabilities in Malta, New York, supported by grants from New York State and the U.S. Department of Commerce.

Strong Cash Position

At the end of the fourth quarter, GlobalFoundries had a healthy combined total of cash, cash equivalents, and marketable securities amounting to $4.2 billion.

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GlobalFoundries Inc (GFS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GFS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 13, 2025	2025 (Q1)	0.29 / -	0.31	―	―	―
Feb 11, 2025	2024 (Q4)	0.45 / 0.46	0.64	-28.13% (-0.18)
Nov 05, 2024	2024 (Q3)	0.33 / 0.41	0.55	-25.45% (-0.14)
Aug 06, 2024	2024 (Q2)	0.29 / 0.38	0.53	-28.30% (-0.15)
May 07, 2024	2024 (Q1)	0.23 / 0.31	0.52	-40.38% (-0.21)
Feb 13, 2024	2023 (Q4)	0.59 / 0.64	1.44	-55.56% (-0.80)
Nov 07, 2023	2023 (Q3)	0.50 / 0.55	0.67	-17.91% (-0.12)
Aug 08, 2023	2023 (Q2)	0.50 / 0.53	0.58	-8.62% (-0.05)
May 09, 2023	2023 (Q1)	0.50 / 0.52	0.42	23.81% (+0.10)
Feb 14, 2023	2022 (Q4)	1.33 / 1.44	0.18	700.00% (+1.26)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GFS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 11, 2025	$37.74	$40.10	+6.25%
Nov 05, 2024	$36.01	$41.37	+14.88%
Aug 06, 2024	$44.77	$43.23	-3.44%
May 07, 2024	$49.73	$53.26	+7.10%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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