GLOBALFOUNDRIES Inc. (GFS) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 1.63B | 1.83B | 1.69B | 1.69B | 1.58B | 1.83B | 1.74B | 1.63B | 1.55B | 1.85B | 1.85B | 1.84B | 1.84B | 2.1B | 2.07B | 1.99B | 1.94B | 1.85B | 1.7B | 1.62B |
| Revenue Growth % | 3.09% | 0% | -2.93% | 3.43% | 2.32% | -1.29% | -6.1% | -11.54% | -15.86% | -11.76% | -10.7% | -7.43% | -5.1% | 13.75% | 22% | 23.02% | 36.81% | 73.91% | - | - |
| Cost of Goods Sold | 1.18B | 1.3B | 1.27B | 1.28B | 1.23B | 1.38B | 1.32B | 1.24B | 1.16B | 1.33B | 1.32B | 1.31B | 1.33B | 1.48B | 1.46B | 1.46B | 1.47B | 1.46B | 1.4B | 1.39B |
| COGS % of Revenue | 72.4% | 71.15% | 75.18% | 75.83% | 77.6% | 75.46% | 76.19% | 75.8% | 74.63% | 71.68% | 71.44% | 71.17% | 72.03% | 70.39% | 70.59% | 73.01% | 75.82% | 79.21% | 82.35% | 85.74% |
| Gross Profit | 451M | 528M | 419M | 408M | 355M | 449M | 414M | 395M | 393M | 525M | 529M | 532M | 515M | 622M | 610M | 538M | 469M | 384M | 300M | 231M |
| Gross Margin % | 27.6% | 28.85% | 24.82% | 24.17% | 22.4% | 24.54% | 23.81% | 24.2% | 25.37% | 28.32% | 28.56% | 28.83% | 27.97% | 29.6% | 29.41% | 26.99% | 24.18% | 20.79% | 17.65% | 14.26% |
| Gross Profit Growth % | 27.04% | 17.59% | 1.21% | 3.29% | -9.67% | -14.48% | -21.74% | -25.75% | -23.69% | -15.59% | -13.28% | -1.12% | 9.81% | 61.98% | 103.33% | 132.9% | 373.74% | 276.07% | - | - |
| Operating Expenses | 271M | 273M | 224M | 212M | 204M | 1.15B | 229M | 240M | 246M | 222M | 268M | 257M | 225M | 334M | 253M | 241M | 244M | 297M | 248M | 334M |
| OpEx % of Revenue | 16.59% | 14.92% | 13.27% | 12.56% | 12.87% | 62.84% | 13.17% | 14.71% | 15.88% | 11.97% | 14.47% | 13.93% | 12.22% | 15.9% | 12.2% | 12.09% | 12.58% | 16.08% | 14.59% | 20.62% |
| Selling, General & Admin | 139M | 107M | 100M | 0 | 0 | 93M | 0 | 0 | 122M | 0 | 0 | 0 | 0 | 0 | 0 | 121M | 116M | 167M | 0 | 0 |
| SG&A % of Revenue | 8.51% | 5.85% | 5.92% | - | - | 5.08% | - | - | 7.88% | - | - | - | - | - | - | 6.07% | 5.98% | 9.04% | - | - |
| Research & Development | 132M | 133M | 124M | 134M | 127M | 121M | 130M | 121M | 124M | 105M | 108M | 106M | 109M | 110M | 124M | 120M | 128M | 130M | 114M | 132M |
| R&D % of Revenue | 8.08% | 7.27% | 7.35% | 7.94% | 8.01% | 6.61% | 7.48% | 7.41% | 8.01% | 5.66% | 5.83% | 5.75% | 5.92% | 5.24% | 5.98% | 6.02% | 6.6% | 7.04% | 6.71% | 8.15% |
| Other Operating Expenses | 0 | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K |
| Operating Income | 180M | 255M | 195M | 196M | 151M | -701M | 185M | 155M | 147M | 303M | 261M | 275M | 290M | 288M | 357M | 297M | 225M | 87M | 52M | -103M |
| Operating Margin % | 11.02% | 13.93% | 11.55% | 11.61% | 9.53% | -38.31% | 10.64% | 9.5% | 9.49% | 16.34% | 14.09% | 14.91% | 15.75% | 13.71% | 17.21% | 14.9% | 11.6% | 4.71% | 3.06% | -6.36% |
| Operating Income Growth % | 19.21% | 136.38% | 5.41% | 26.45% | 2.72% | -331.35% | -29.12% | -43.64% | -49.31% | 5.21% | -26.89% | -7.41% | 28.89% | 231.03% | 586.54% | 388.35% | 336.84% | 117.72% | - | - |
| EBITDA | 491M | 605M | 497M | 519M | 490M | -342M | 560M | 537M | 539M | 686M | 613M | 584M | 633M | 605M | 752M | 708M | 633M | 506M | 468M | 305M |
| EBITDA Margin % | 30.05% | 33.06% | 29.44% | 30.75% | 30.91% | -18.69% | 32.2% | 32.9% | 34.8% | 37% | 33.1% | 31.65% | 34.38% | 28.8% | 36.26% | 35.52% | 32.63% | 27.4% | 27.53% | 18.83% |
| EBITDA Growth % | 0.2% | 276.9% | -11.25% | -3.35% | -9.09% | -149.85% | -8.65% | -8.05% | -14.85% | 13.39% | -18.48% | -17.51% | 0% | 19.57% | 60.68% | 132.13% | 124.47% | 274.73% | - | - |
| D&A (Non-Cash Add-back) | 311M | 350M | 302M | 323M | 339M | 359M | 375M | 382M | 392M | 383M | 352M | 309M | 343M | 317M | 395M | 411M | 408M | 419M | 416M | 408M |
| EBIT | 185M | 274M | 221M | 221M | 195M | 235M | 186M | 160M | 155M | 333M | 278M | 294M | 295M | 382M | 366M | 313M | 235M | 95M | 54M | -126M |
| Net Interest Income | 15M | 17M | 18M | 17M | 14M | 15M | 15M | 16M | 10M | 8M | 3M | 0 | 1M | -2M | -11M | -19M | -28M | -26M | -27M | -28M |
| Interest Income | 15M | 17M | 18M | 17M | 14M | 15M | 15M | 16M | 10M | 8M | 3M | 0 | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 11M | 19M | 28M | 26M | 27M | 28M |
| Other Income/Expense | 5M | 19M | 26M | 25M | 44M | 14M | 10M | 12M | 8M | -4M | -18M | -10M | -13M | 388M | -2M | -3M | -18M | -18M | -25M | -51M |
| Pretax Income | 185M | 274M | 221M | 221M | 195M | -687M | 195M | 167M | 155M | 299M | 243M | 265M | 277M | 676M | 355M | 294M | 207M | 69M | 27M | -154M |
| Pretax Margin % | 11.32% | 14.97% | 13.09% | 13.09% | 12.3% | -37.54% | 11.21% | 10.23% | 10.01% | 16.13% | 13.12% | 14.36% | 15.05% | 32.18% | 17.12% | 14.75% | 10.67% | 3.74% | 1.59% | -9.51% |
| Income Tax | 81M | 74M | -28M | -7M | -16M | 42M | 17M | 12M | 21M | 21M | -6M | 28M | 23M | 8M | 19M | 30M | 29M | 26M | 22M | 20M |
| Effective Tax Rate % | 43.78% | 27.01% | -12.67% | -3.17% | -8.21% | -6.11% | 8.72% | 7.19% | 13.55% | 7.02% | -2.47% | 10.57% | 8.3% | 1.18% | 5.35% | 10.2% | 14.01% | 37.68% | 81.48% | -12.99% |
| Net Income | 103M | 199M | 248M | 228M | 210M | -730M | 177M | 155M | 133M | 277M | 249M | 240M | 254M | 668M | 337M | 264M | 179M | 44M | 6M | -173M |
| Net Margin % | 6.3% | 10.87% | 14.69% | 13.51% | 13.25% | -39.89% | 10.18% | 9.5% | 8.59% | 14.94% | 13.44% | 13.01% | 13.8% | 31.79% | 16.25% | 13.25% | 9.23% | 2.38% | 0.35% | -10.68% |
| Net Income Growth % | -50.95% | 127.26% | 40.11% | 47.1% | 57.89% | -363.54% | -28.92% | -35.42% | -47.64% | -58.53% | -26.11% | -9.09% | 41.9% | 1418.18% | 5516.67% | 252.6% | 242.06% | 108.42% | - | - |
| Net Income (Continuing) | 104M | 200M | 249M | 228M | 211M | -729M | 178M | 155M | 134M | 278M | 249M | 237M | 254M | 668M | 336M | 264M | 178M | 43M | 5M | -174M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 55M | 55M | 54M | 53M | 50M | 48M | 49M | 47M | 46M | 47M | 44M | 45M | 47M | 47M | 41M | 51M | 57M | 58M | 0 | 61.92M |
| EPS (Diluted) | 0.18 | 0.36 | 0.44 | 0.41 | 0.38 | -1.32 | 0.32 | 0.28 | 0.24 | 0.50 | 0.45 | 0.43 | 0.46 | 1.21 | 0.61 | 0.48 | 0.33 | 0.08 | 0.01 | -0.33 |
| EPS Growth % | -52.63% | 127.27% | 37.5% | 46.43% | 58.33% | -364% | -28.89% | -34.88% | -47.83% | -58.68% | -26.23% | -10.42% | 39.39% | 1420.1% | 5346.43% | 245.45% | 237.5% | 108.12% | - | - |
| EPS (Basic) | 0.19 | 0.36 | 0.45 | 0.41 | 0.38 | -1.32 | 0.32 | 0.28 | 0.24 | 0.50 | 0.45 | 0.43 | 0.46 | 1.22 | 0.62 | 0.49 | 0.34 | 0.08 | 0.01 | -0.33 |
| Diluted Shares Outstanding | 561M | 561M | 559M | 557M | 557M | 553M | 555M | 557M | 558M | 557M | 556M | 556M | 555M | 554M | 553M | 550M | 549M | 540M | 534.69M | 531.85M |
| Basic Shares Outstanding | 555M | 555M | 563.64M | 555M | 554M | 553M | 552M | 554M | 555M | 553M | 553M | 552M | 550M | 546M | 543M | 535M | 532M | 522M | 534.69M | 531.85M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |