Globalfoundries
GFS · NasdaqSemiconductors & Related Devices · Fiscal year ends Dec 31
Globalfoundries reported revenue of $6.8B in the fiscal year ended Dec 2025, up 0.6% from the year before. Operating income was $797M, an operating margin of 11.7%, and net income was $888M. Operating cash flow of $1.7B less capital expenditure of $722M left free cash flow of $1B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $6.6B | $8.1B | $7.4B | $6.8B | $6.8B |
| Cost of revenue | $5.6B | $5.9B | $5.3B | $5.1B | $5.1B |
| Gross profit | $1B | $2.2B | $2.1B | $1.7B | $1.7B |
| Research & development | $478M | $482M | $428M | $496M | $518M |
| Selling, general & admin | $595M | $496M | $473M | $427M | $375M |
| Operating income | −$60M | $1.2B | $1.1B | −$214M | $797M |
| Interest expense | $114M | $111M | $137M | $145M | $93M |
| Pre-tax income | −$176M | $1.5B | $1.1B | −$170M | $911M |
| Income tax | $78M | $86M | $66M | $92M | $23M |
| Net income | −$254M | $1.4B | $1B | −$262M | $888M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $2.9B | $2.4B | $2.4B | $2.2B | $1.8B |
| Inventory | $1.1B | $1.3B | $1.5B | $1.6B | $1.6B |
| Current assets | $5.3B | $5.8B | $6.3B | $6.4B | $6.2B |
| Net PP&E | $8.7B | $10.6B | $9.8B | $7.8B | $7.2B |
| Total assets | $15B | $17.8B | $18B | $16.8B | $17.1B |
| Payables | $2.6B | $2.8B | $2.3B | $2.1B | $2.2B |
| Current liabilities | $3.2B | $3.4B | $3.1B | $3B | $2.4B |
| Total liabilities | $7B | $7.9B | $6.9B | $6B | $5.2B |
| Shareholders' equity | $8B | $9.9B | $11.1B | $10.8B | $11.9B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $2.8B | $2.6B | $2.1B | $1.7B | $1.7B |
| Capital expenditure | $1.8B | $3.1B | $1.8B | $625M | $722M |
| Free cash flow | $1.1B | −$435M | $321M | $1.1B | $1B |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 23.1% | −8.8% | −8.7% | 0.6% |
| Operating income growth (YoY) | – | – | −3.3% | −119.0% | – |
| Gross margin | 15.4% | 27.6% | 28.4% | 24.5% | 24.9% |
| Operating margin | −0.9% | 14.4% | 15.3% | −3.2% | 11.7% |
| Net margin | −3.9% | 17.8% | 13.8% | −3.9% | 13.1% |
| Return on equityBlank when equity is negative | −3.2% | 14.6% | 9.2% | −2.4% | 7.4% |
| ROCEEBIT ÷ (assets − current liabilities) | −0.5% | 8.1% | 7.6% | −1.6% | 5.4% |
| Free cash flow margin | 16.3% | −5.4% | 4.3% | 16.3% | 14.9% |
| Cash conversion (CFO ÷ net income) | −11.2x | 1.81x | 2.09x | −6.57x | 1.95x |
| Inventory days | 73 | 83 | 103 | 116 | 113 |
| Payable days | 169 | 177 | 162 | 151 | 154 |
| Interest cover | −0.53x | 10.5x | 8.24x | −1.48x | 8.57x |
| Current ratio | 1.67x | 1.73x | 2.04x | 2.11x | 2.62x |
Recent filings
More in Semiconductors & Related Devices
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.