MALTA – GLOBALFOUNDRIES Inc. (Nasdaq: GFS) reported preliminary third-quarter results on Wednesday, posting revenue of $1.688 billion and net income of $249 million, as the chipmaker saw continued strength in automotive and data center demand.
Gross margin rose to 24.8%, with non-IFRS gross margin at 26.0%, while operating margin reached 11.6%, or 15.4% on a non-IFRS basis. Diluted earnings per share came in at $0.44, with adjusted EBITDA of $573 million. The company ended the quarter with $4.2 billion in cash, cash equivalents and marketable securities.
“For the fourth consecutive quarter, we saw strong year-over-year revenue growth in both our Automotive and Communications Infrastructure and Data Center end markets,” said CEO Tim Breen. “Gross margin expanded sequentially and year over year, as we continue to drive the product mix and profitability of our business.”
GF also highlighted momentum in silicon photonics and its FDX platforms, citing customer traction across key growth applications.
In August, GF launched its Complementary Bi-CMOS (CBIC) platform, a high-performance silicon germanium (SiGe) technology targeting smartphones, optical networking, and industrial IoT. The CBIC platform combines leading transistor performance with a low-mask count process.
In October, GF expanded its partnership with Silicon Labs to produce wireless SoCs on its new 40nm Ultra Low Power platform at its Malta, New York fab, reinforcing U.S. semiconductor supply.
Also in October, GF announced plans to scale its Dresden fab to over one million wafers annually by 2028, supported by German federal and Saxony state incentives under the European Chips Act. The expansion will serve key customers including NXP, Infineon, Aumovio and Bosch.