Overview

• Semiconductor manufacturer reported preliminary Q4 revenue up, beating analyst expectations

• Adjusted EPS for Q4 beat analyst expectations

• Company announced $500 mln share repurchase authorization

Outlook

• Globalfoundries expects Q1 2026 revenue between $1.6 bln and $1.65 bln

• Company anticipates Q1 2026 non-IFRS gross margin of 27% ± 100bps

• Globalfoundries projects Q1 2026 non-IFRS diluted EPS of $0.35 ± $0.05

Result Drivers

• COST MANAGEMENT - GF attributed the nearly 400 basis point increase in Non-IFRS gross margin to disciplined cost management and strong execution

• ACQUISITIONS - Recent acquisitions have expanded GF's capabilities into diversified technology solutions, aligning with AI Data Center and on-shoring trends

• STRATEGIC PARTNERSHIP - Partnership with Navitas aims to enhance U.S.-based gallium nitride technology for high-power markets

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 Revenue	Beat	$1.83 bln	$1.80 bln (16 Analysts)
Q4 Adjusted EPS	Beat	$0.55	$0.47 (15 Analysts)
Q4 EPS		$0.36
Q4 Adjusted Net Income	Beat	$310 mln	$264.93 mln (13 Analysts)
Q4 Net Income		$200 mln
Q4 Adjusted EBITDA		$641 mln
Q4 Gross Margin		27.80%
Q4 Adjusted Gross Margin		29.00%

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the semiconductor equipment & testing peer group is "buy"

• Wall Street's median 12-month price target for GlobalFoundries Inc is $40.00, about 4.5% below its February 10 closing price of $41.90

• The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nGNX2sxQt3

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.