GlobalFoundries Inc

Solid Financial Performance: GlobalFoundries (GF) reported Q1 2025 revenue of $1.585 billion, a 13% decrease from the previous quarter but a 2% increase year-over-year. Gross profit stood at $379 million, resulting in a gross margin of approximately 23.9%. EPS was $0.34, also at the high end of guidance.

Outlook for 2025: GF projects Q2 2025 revenue to be around $1.675 billion, indicating a slight growth expectation. They anticipate non-wafer revenue to remain about 10% of total revenue with gross margins expected in the range of 25%. The company expects high teens growth in Communications Infrastructure and Data Center markets for the full year.

Challenges from Tariffs and Supply Chain Uncertainty: While GF has not seen immediate impacts from tariffs on revenue, uncertainties around global supply chains and end-market demand remain a concern moving into the second half of 2025. The company is monitoring the evolving landscape and diversifying sourcing strategies to mitigate potential cost impacts.