Slides
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GlobalFoundries® * Second Quarter 2026 Financial Results ( unaudited ) August 5 , 2026
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This presentation and the accompanying oral presentation include “forward- looking statements” that reflect our current expectations and views of future events. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and include but are not limited to, statements regarding our financial outlook, future guidance, product development, business strategy and plans, and market trends, opportunities and positioning. These statements are based on current expectations, assumptions, estimates, forecasts, projections and limited information available at the time they are made. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall,” “outlook,” “on track” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements, although not all forward-looking statements contain these identifying words. Forward- looking statements are subject to a broad variety of risks and uncertainties, both known and unknown. Any inaccuracy in our assumptions and estimates could affect the realization of the expectations or forecasts in these forward-looking statements. For example, our business could be impacted by geopolitical conditions such as the ongoing political and trade tensions with China and the continuation of conflicts in the Middle East and Ukraine; ongoing political developments in the United States, and in particular, any political and policy- related changes that may impact our industry and the market generally, such as the imposition of trade controls, tariffs and counter-tariffs between the United States and its trade partners and new legislation, the market for our products may develop or recover more slowly than expected or than it has in the past; we may fail to achieve the full benefits of our strategic optimization efforts; our operating results may fluctuate more than expected; there may be significant fluctuations in our results of operations and cash flows related to our revenue recognition or otherwise; a network or data security incident that allows unauthorized access to our network or data or our customers’ data could result in a system disruption, loss of data or damage our reputation; we could experience interruptions or performance problems associated with our technology, including a service outage; global economic conditions could deteriorate, including due to rising inflation and any potential recession; the expected benefits of our announced partnerships may fail to materialize; and we may fail to achieve the anticipated results or benefits from funding received (including awards under the U.S. CHIPS and Science Act and New York State Green CHIPS) and our expected results and planned or further expansions and operations may not proceed as planned if funding we expect to receive is delayed or withheld for any reason. It is not possible for us to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results or outcomes to differ materially from those contained in any forward-looking statements we may make. Moreover, we operate in a competitive and rapidly changing market, and new risks may emerge from time to time. You should not rely upon forward-looking statements as predictions of future events. These statements are based on our historical performance and on our current plans, estimates and projections in light of information currently available to us, and therefore you should not place undue reliance on them. Disclaimer - Forward-looking statements and Third-Party Data Although we believe that the expectations reflected in our statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. Moreover, neither we, nor any other person, assumes responsibility for the accuracy and completeness of these statements. Recipients are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date such statements are made and should not be construed as statements of fact. Except to the extent required by federal securities laws, we undertake no obligation to update any information or any forward-looking statements as a result of new information, subsequent events or any other circumstances after the date hereof, or to reflect the occurrence of unanticipated events. For a discussion of potential risks and uncertainties, please refer to the risk factors and cautionary statements in our 2025 Annual Report on Form 20-F, current reports on Form 6-K and other reports filed with the Securities and Exchange Commission (SEC). Copies of our SEC filings are available on our Investor Relations website, investors.gf.com, or from the SEC website, www.sec.gov. This presentation and the accompanying oral presentation also contain estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry and business. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. We have not independently verified the industry data generated by independent parties and contained in this presentation and, accordingly, we cannot guarantee their accuracy or completeness. In addition, projections, assumptions and estimates of our future performance and the future performance of the markets in which we compete are necessarily subject to a high degree of uncertainty and risk. In addition to the financial information presented in accordance with International Financial Reporting Standards ("IFRS"), this presentation includes the following Non-IFRS financial measures: Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS operating expense, Non-IFRS net income, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense), Non-IFRS diluted earnings per share (“EPS”), Non-IFRS adjusted EBITDA, Non-IFRS adjusted free cash flow, Non-IFRS total capital expenditures net of proceeds from government grants and any related margins. We define each of Non-IFRS gross profit, Non- IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS operating profit, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense) and Non-IFRS net income as gross profit, selling, general and administrative, research and development, operating profit, other income (expense), income tax benefit (expense), and net income, respectively, adjusted for share-based compensation, structural optimization, amortization of acquired intangibles and other acquisition related charges, impairment charges, litigation charges, revaluation of equity investments, restructuring charges, tax matters, and any associated income tax effects. We define Non-IFRS operating expense as Non-IFRS gross profit minus Non-IFRS operating profit. We define Non-IFRS diluted EPS as Non-IFRS net income divided by the diluted shares outstanding. We define Non-IFRS adjusted free cash flow as cash flow provided by (used in) operating activities less purchases of property, plant and equipment and intangible assets plus proceeds from government grants related to capital expenditures. We define Non-IFRS total capital expenditures net of proceeds from government grants as purchases of property, plant and equipment and intangible assets less proceeds from government grants. We define Non-IFRS adjusted EBITDA as net income adjusted for the impact of finance expense, finance income, income tax expense (benefit), depreciation and amortization, share-based compensation, restructuring charges, impairment charges, revaluation of equity investments, structural optimization, litigation claims and acquisition related charges. We define each of Non-IFRS gross margin, Non- IFRS operating margin, Non-IFRS net income margin, Non-IFRS adjusted free cash flow margin and Non-IFRS adjusted EBITDA margin as Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS net income, Non-IFRS adjusted free cash flow and Non-IFRS adjusted EBITDA, respectively, divided by net revenue. Any adjustments described above that are zero for a given period are excluded from the “Reconciliation of IFRS to Non-IFRS” table. See "Reconciliation of IFRS to Non-IFRS" section for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure. We believe that in addition to our results determined in accordance with IFRS, these Non-IFRS financial measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These Non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and non-cash charges that occur relatively infrequently and/or that we consider to be unrelated to our core operations. Management believes that Non-IFRS adjusted free cash flow as a Non-IFRS measure is helpful to investors as it provides insights into the nature and amount of cash the Company generates in the period. Non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of Non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as comparative measures.
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Results and Highlights
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$1.79B ↑ 6% Y/Y 4 (1) See the Appendix for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure and for a discussion of why we believe these Non-IFRS measures are useful. Second Quarter 2026 Results Non-IFRS Gross Margin (1) 29.9% ↑ 470bps Y/Y Non-IFRS Earnings per Share(1) $0.46 ↑ 10% Y/Y Revenue
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5 Q2 2026 revenue and non-IFRS gross margin(1) exceeded the high end of our guidance ranges Non-IFRS gross margin(1) grew nearly 500bps Y/Y, a second quarter record Seventh consecutive quarter of double digit % year-over-year revenue growth in CI&D On July 14, GF paid its first-ever quarterly cash dividend of $0.12 per share Key Second Quarter 2026 Highlights » » » » Quarterly Results Margin Expansion End Market Highlight Shareholder Return (1) See the Appendix for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure and for a discussion of why we believe these Non-IFRS measures are useful.
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Key Announcements
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7 GF Accelerates U.S. Silicon Photonics Leadership Scaling Technologies for the Next Wave of AI Customer-Driven Roadmap Working with leading customers to ensure emerging NPO and CPO architectures are supported by U.S.-based R&D. SCALE™ Platform Targets industry-leading modularity, 400Gb/s performance and a 5x increase in energy efficiency over current-generation implementations. Manufacture & Integrate Advances optical materials, wafer technologies and advanced packaging, including proven 3D hybrid bonding. “The CHIPS R&D incentives will support a breakthrough in compute and communication networks moving past traditional copper bottlenecking to power next-generation AI. Accelerating R&D for domestic photonics capabilities and advanced packaging provides American industry the extreme bandwidth and energy efficiency to scale complex AI workloads securely and rapidly.” Bill Frauenhofer, Executive Director for Semiconductor Innovation and Investment at the Department of Commerce $300M of U.S. Government Support Letter of intent with Department of Commerce for a new, incremental $300M award to offset R&D and capital expenditures.
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8 Strong Endorsement Across Photonics Ecosystem As a leader in silicon photonics and optical connectivity, Marvell welcomes continued investment in U.S.-based R&D to accelerate the transition to near-packaged and co-packaged optics, key to scaling the next generation of AI infrastructure.” — Chris Koopmans, President and Chief Operating Officer, Marvell We believe that a multi-supplier, geographically diverse ecosystem produces the best technical innovations and the most scalable high-volume supply chains, and investing in U.S. manufacturing capacity is a crucial component in achieving [our] goal." — Yee Jiun Song, VP of Engineering, Meta GlobalFoundries' announcement today help strengthen the U.S. innovation and manufacturing base needed to scale future AI infrastructure.” —Wendell P. Weeks, Chairman, CEO, and President, Corning Incorporated Silicon photonics has the potential to play an important role in supporting next-generation AI platforms by helping address growing bandwidth and connectivity demands. We welcome efforts that advance innovation in this important technology area.” — Kevin O'Buckley, EVP, Global Operations and Supply Chain, Qualcomm Technologies, Inc.“ “ Scaling US manufacturing requires advances across chips, networking, optics, software, and manufacturing. Silicon photonics is essential to that future, and GlobalFoundries brings the manufacturing expertise to help make it real in the United States.” — Jensen Huang, Founder and CEO, Nvidia“ GlobalFoundries' announcement helps strengthen the innovation ecosystem needed to accelerate development of these foundational technologies.” — Near Margalit, VP and GM of Optical Systems Division, Broadcom “ GlobalFoundries' investment in next-generation silicon photonics technologies helps strengthen the foundation for future AI networking and optical infrastructure.” — Jeetu Patel, President and Chief Product Officer, Cisco “ We welcome GlobalFoundries’ continued investment in U.S.-based innovation and manufacturing, and the broader public-private collaboration needed to advance these foundational technologies.” — Mark Papermaster, CTO and EVP, AMD “ “ “ GlobalFoundries' investments in silicon photonics and advanced packaging, combined with support from the U.S. government, are helping accelerate an open path to next-generation optical interconnect that will be essential for the future of AI and high-performance computing." — Michael Hurlston, CEO, Lumentum“ Microsoft welcomes industrywide investments that accelerate innovation and strengthen the ecosystem developing the technologies that will power the future of AI." — Rani Borkar, President of Azure Hardware Systems and Infrastructure, Microsoft “ BROADCOM META
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9 GF closed a strategic acqui-hire of the custom power team from Photeon Technologies, bringing an experienced design team focused on integrated voltage regulators, or IVRs, further strengthening our roadmap depth in power technologies and expanding our serviceable market within AI data centers. Incremental Benefits From Acquisition: GF Acquires Photeon Technologies' IVR Team GF brings together a unique combination of capabilities under one r o o f : F i n F E T t e c h n o l o g y , a d v a n c e d t h i n - f i l m i n t e g r a t e d m a g n e t i c s , semiconductor manufacturing, and system understanding expertise. Together, these capabilities give us the opportunity to fundamentally rethink voltage regulation for AI processors. Delivers new IVR technology that complements GF's BCD, GaN and integrated inductor portfolio Expands R&D depth that strengthens GF's roadmap in power technologies Brings an experienced engineering team across design, layout, architecture and verification
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10 GF furthers its leadership in RISC-V and Physical AI with the closing of its strategic acquisition of ARC — together with MIPS, GF now offers world-class RISC-V and Physical AI processor IP, software tools, custom design and proven manufacturing capabilities all under one roof, adding meaningful value for customers. Incremental Benefits From Acquisition: GF Acquires Synopsys' Processor IP Solutions “With MIPS and ARC united, GF delivers the software, IP and custom silicon capabilities our customers need to build differentiated, application-specific solutions across automotive, industrial robotics and embedded systems, enabling us to operate as a holistic technology partner and engage throughout the design cycle.” Sameer Wasson, CEO of MIPS Differentiated Technology 150+ Patents Expanded Opportunity 300+ Customers Strengthened Team 400+ Engineers
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11 GF Establishes Quantum Technology Solutions GF Enabling The Next Frontier Of Computation Cryogenic CMOS & Advanced Packaging Proven FDX cryo-CMOS read-out & control, extended with 3D heterogeneous packaging & superconducting interconnects. Qubit-Agnostic Platform Across superconducting, trapped ion, photonic, topological and silicon spin, GF is relevant regardless of modality. Manufacture & Integrate A decade of GF investment turned into a scalable, U.S.-based platform, anchored in New York & Vermont. “Quantum computing will be a defining technology of the next decade, and the countries that can manufacture quantum hardware at scale — not just design it — will hold a decisive advantage. Establishing a dedicated U.S. quantum foundry is exactly the kind of investment we need to translate American research leadership into durable industrial capability.” Chris Miller, professor at the Fletcher School, Tufts University, and author of Chip War $375M of U.S. Government Support Letter of intent with Department of Commerce for a new, incremental $375M award to offset both R&D and capital expenditures.
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12 Strong Endorsement Across Quantum Ecosystem We're pleased that GF will expand its investments, especially here in the United States, and we look forward to continued collaboration alongside one of our closest partners.” — Victor Peng, Interim Chief Executive Officer, PsiQuantum Expanding that partnership through a dedicated quantum foundry will help give us the domestic production base we need as we work to bring our next generation of commercial ion trap platforms to market with greater speed and confidence." — Dr. Rajeeb Hazra, President and CEO, Quantinuum With the creation of a U.S. quantum foundry, we see an opportunity to deepen that work, move our designs into more advanced generations and accelerate the path toward scalable silicon-based quantum processors." — James Palles- Dimmock, CEO, Quantum Motion GlobalFoundries' commitment to scaling quantum is an important step for innovation in the quantum computing ecosystem." — Timothy Costa, Vice President and General Manager for Computational Engineering and Quantum, NVIDIA“ “ Diraq’s work with GlobalFoundries on FDX™ has been central to advancing our cryogenic CMOS and silicon spin qubit technologies on an established manufacturing node.” — Andrew Dzurak, Founder and CEO, Diraq“ A dedicated quantum foundry at GF will give us the manufacturing capabilities to advance our roadmap and bring our next wave of quantum systems closer to real-world deployment.” — Jason Lynch, CEO, Equal1“ GlobalFoundries' investment marks an important step to strengthen the U.S.- based manufacturing foundation for the quantum ecosystem.” — Charina Chou, COO, Google Quantum AI“ A secure U.S. manufacturing base, capable of building across multiple qubit modalities, is essential to moving quantum from research milestones to practical computing.” — Lauri Sainiemi, Corporate Vice President, Fabrication at Microsoft Quantum “ “ “
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End Markets
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Marked the fastest Y/Y growth since 2022, driven by demand for a broadening range of home and industrial applications. Home and Industrial IoT » Ongoing demand impacts from memory-related shortages have meaningfully reduced industry forecasts. Smart Mobile Devices » Silicon Photonics and SiGe demand led to seventh consecutive quarter of double digit % Y/Y growth for CI&D. Automotive » Communications Infrastructure and Data Center » 14 End Market Commentary 9 Com Growth opportunities being shaped by content expansion across power, processing, sensing, and safety applications.
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15 Communications Infrastructure and Data Center Q2'26 Revenue $277M ↑ 62% Y/Y Beyond optical networking, we saw strong double digit year- over-year growth in applications across both wireless infrastructure and storage. End Market Commentary We secured seven new optical networking design wins across transceiver, hyperscaler, and networking customers and now expect to over double silicon photonics revenue in 2026.
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16 Automotive Q2'26 Revenue $333M ↓ (10)% Y/Y Secured a significant Automotive power design win for 5V and 10V PMICs built on our BCD platform, marking an expansion in our automotive power platform. End Market Commentary Taped out a new ADAS radar built on our FDX platform for Bosch - a notable milestone and the culmination of years of close partnership.
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Q2'26 Revenue $644M ↓ (6)% Y/Y 17 Smart Mobile Devices We secured a notable design win on GF's BCD platform with MediaTek - further validating our expanding power platform and marking the first-ever PMIC win with this customer. End Market Commentary We strengthened our position with next-gen AR wearables at a leading hyperscaler with a new design win for microLED display backplane on our SLPe platform.
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18 Home and Industrial IoT Q2'26 Revenue $331M ↑ 10% Y/Y We expanded our relationship with Microchip through a meaningful FinFET design win on the strength of our embedded compute and edge AI offerings. End Market Commentary We secured three strategic chiplet design wins with Lockheed Martin on our FinFET and FDX platforms, further extending GF's leadership as a trusted U.S. foundry.
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(Unaudited, in millions USD) Year-over-Year Sequential Q2 2026 Q1 2026 Q2 2025 Q2 2026 vs Q2 2025 Q2 2026 vs Q1 2026 Smart Mobile Devices $644 $558 $683 $(39) (6)% $86 15% Communications Infrastructure and Data Center $277 $230 $171 $106 62% $47 20% Home and Industrial IoT $331 $255 $300 $31 10% $76 30% Automotive $333 $382 $368 $(35) (10)% $(49) (13)% Technology Services $201 $209 $166 $35 21% $(8) (4)% Revenue $1,786 $1,634 $1,688 $98 6% $152 9% 19 Q2 2026 Revenue by End Market ((Unaudited, in millions)
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Q2 2026 Revenue Mix by End Market 9(Unaudited) 40% 10%18% 22% 10% 36% 16% 19% 19% 11% Q2 2025Q2 2026 Smart Mobile Devices Communications Infrastructure and Data Center Home and Industrial IoT Automotive Technology Services 20 Totals may not sum to 100% due to rounding
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Capital Allocation ▪ We continue to expect adjusted free cash flow margin(1) of approximately 10% for the full year 2026. ▪ GF's Board of Directors approved a continuation of our $0.12 quarterly dividend, payable on October 9, 2026 to shareholders of record as of September 23, 2026. Year-to-Date 2026 Cash flow from operations $947 Capital expenditures $723 (21% of Revenue) Non-IFRS Capital expenditures net of government grants(1) $717 (21% of Revenue) Non-IFRS Adjusted FCF(1) $230 (7% of Revenue) Cash, cash equivalent and marketable securities $3.3B at the end of Q2’26 (1) See the Appendix for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure and for a discussion of why we believe these Non-IFRS measures are useful. 21
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22 Outlook
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Q3 2026 Guidance(1) (Unaudited, in millions USD, except per share amounts) (1) The Guidance provided contains forward-looking statements as defined in the U.S. Private Securities Litigation Act of 1995, and is subject to the safe harbors created therein. The Guidance includes management's beliefs and assumptions and is based on information that is available as of the date of this release. (2) Non-IFRS gross margin, Non-IFRS operating expenses, Non-IFRS operating margin and Non-IFRS diluted EPS are Non-IFRS measures and, for purposes of the Guidance only, are defined as gross profit as a percent of revenue, operating expenses, operating profit as a percent of revenue, and diluted EPS, all before share-based compensation, respectively. See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful. (3) We expect share-based compensation of $18 million and $58 million in cost of revenue and operating expenses, respectively. The Non-IFRS margin impacts are calculated by dividing share-based compensation by net revenue, and the Non-IFRS diluted EPS impact is calculated by dividing share-based compensation by the fully diluted share count. (4) Included in IFRS and Non-IFRS diluted EPS is net interest income (expense) and other income (expense) which we estimate will be between $3 million and $11 million for the third quarter 2026. Also included in IFRS and Non-IFRS diluted EPS is income tax expense which we estimate will be between $28 million and $52 million for the third quarter 2026. IFRS Share-Based Compensation(3) Non-IFRS(2) Net Revenue $1,885 ± $25 Gross Margin(2) 29.5% ± 100bps ~100bps 30.5% ± 100bps Operating Expenses(2) $318 ± $10 ~$58 $260 ± $10 Operating Margin(2) 12.7% ± 170bps ~400bps 16.7% ± 170bps Diluted EPS(2)(4) $0.37 ± $0.05 ~$0.14 $0.51 ± $0.05 Fully Diluted Share Count ~556 23
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Appendix: Summary Financials and Reconciliations
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(Unaudited, in millions, except per share data and wafer shipments) (1) See the Appendix for a detailed reconciliation of Non-IFRS measures to the most directly comparable IFRS measure and for a discussion of why we believe these Non-IFRS measures are useful. Year-over-Year Sequential Q2 2026 Q1 2026 Q2 2025 Q2 2026 vs Q2 2025 Q2 2026 vs Q1 2026 Net revenue $ 1,786 $ 1,634 $ 1,688 $ 98 6% $ 152 9 % Gross profit $ 505 $ 451 $ 408 $ 97 24 % $ 54 12 % Gross margin 28.3% 27.6% 24.2% +410bps +70bps Non-IFRS gross profit(1) $ 534 $ 474 $ 425 $ 109 26 % $ 60 13 % Non-IFRS gross margin(1) 29.9% 29.0% 25.2% +470bps +90bps Operating profit $ 174 $ 180 $ 196 $ (22) (11%) $ (6) (3) % Operating margin 9.7% 11.0% 11.6% (190)bps (130)bps Non-IFRS operating profit(1) $ 298 $ 271 $ 258 $ 40 16% $ 27 10 % Non-IFRS operating margin(1) 16.7% 16.6% 15.3% +140bps +10bps Net income $ 167 $ 104 $ 228 $ (61) (27%) $ 63 61 % Net income margin 9.4% 6.4% 13.5% (410)bps +300bps Non-IFRS net income(1) $ 256 $ 227 $ 234 $ 22 9% $ 29 13 % Non-IFRS net income margin(1) 14.3% 13.9% 13.9% +40bps +40bps Diluted earnings per share ("EPS") $ 0.30 $ 0.18 $ 0.41 $ (0.11) (27) % $ 0.12 67 % Non-IFRS diluted EPS(1) $ 0.46 $ 0.40 $ 0.42 $ 0.04 10% $ 0.06 15 % Non-IFRS adjusted EBITDA(1) $ 587 $ 561 $ 585 $ 2 — % $ 26 5 % Non-IFRS adjusted EBITDA margin(1) 32.9% 34.3% 34.7% (180)bps (140)bps Cash from operations $ 405 $ 542 $ 431 $ (26) (6) % $ (137) (25) % Wafer shipments (300MM Equivalent) (in thousands) 625 579 581 44 8 % 46 8 % 25 Q2 2026 Financial Summary
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Statement of Operations Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Net revenue $ 1,786 $ 1,634 $ 1,688 Cost of revenue 1,281 1,183 1,280 Gross profit $ 505 $ 451 $ 408 Operating expenses: Research and development 174 132 134 Selling, general and administrative 157 139 78 Operating expenses $ 331 $ 271 $ 212 Operating profit $ 174 $ 180 $ 196 Finance income (expense), net 9 15 17 Other income (expense), net 13 (10) 8 Income tax (expense) benefit (29) (81) 7 Net income $ 167 $ 104 $ 228 EPS: Basic $ 0.30 $ 0.19 $ 0.41 Diluted $ 0.30 $ 0.18 $ 0.41 Shares used in EPS calculation: Basic 549 555 555 Diluted 556 561 557 (Unaudited, in millions, except per share amounts) 26
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Statements of Financial Position (Unaudited, in millions) As of June 30, 2026 December 31, 2025 Assets: Cash and cash equivalents $ 1,087 $ 1,809 Marketable securities 1,270 1,241 Receivables, prepayments and other 1,489 1,578 Inventories 1,622 1,577 Current assets 5,468 6,205 Property, plant, and equipment, net 7,098 7,223 Goodwill and intangible assets, net 1,861 1,368 Marketable securities 946 939 Right-of-use assets 578 569 Other assets 937 837 Non-current assets 11,420 10,936 Total assets $ 16,888 $ 17,141 Liabilities and equity: Current portion of long-term debt $ 98 $ 86 Other current liabilities 2,111 2,282 Current liabilities 2,209 2,368 Non-current portion of long-term debt 1,024 1,065 Non-current portion of lease obligations 495 487 Other liabilities 1,286 1,238 Non-current liabilities 2,805 2,790 Total liabilities 5,014 5,158 Shareholders’ equity: Common stock / additional paid-in capital $ 23,937 $ 24,231 Accumulated deficit (12,178) (12,381) Accumulated other comprehensive income 59 78 Non-controlling interests 56 55 Total liabilities and equity $ 16,888 $ 17,141 27
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Statement of Cash Flows (Unaudited, in millions) Three Months Ended June 30, 2026 June 30, 2025 Operating Activities: Net income $ 167 $ 228 Depreciation and amortization 307 335 Finance (income) expense, net and other (14) (8) Deferred income taxes 18 (20) Net change in working capital (115) (136) Other non-cash operating activities 42 32 Net cash provided by operating activities $ 405 $ 431 Investing Activities: Purchases of property, plant and equipment and intangible assets $ (411) $ (159) Acquisitions, net of cash acquired (440) — Net sales (purchases) of marketable securities (294) (23) Other investing activities 26 (25) Net cash used in investing activities $ (1,119) $ (207) Financing Activities: Proceeds from issuance of equity instruments, net of taxes paid $ (3) $ 1 Proceeds (repayment) of debt, net (45) (36) Net cash used in financing activities $ (48) $ (35) Effect of exchange rate changes — 5 Net change in cash and cash equivalents $ (762) $ 194 Cash and cash equivalents at the beginning of the period 1,849 1,596 Cash and cash equivalents at the end of the period $ 1,087 $ 1,790 28
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(Unaudited, in millions, except per share amounts) IFRS to Non-IFRS Reconciliations (1) (1) See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful. (2) Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges. (3) Includes tax impact from foreign exchange revaluation of German deferred taxes. Three Months Ended June 30, 2026 Gross profit Selling, general & administrative Research & development Operating profit Other income (expense) Income tax (expense) benefit Net income Diluted EPS As Reported $ 505 $ 157 $ 174 $ 174 $ 13 $ (29) $ 167 $ 0.30 IFRS margins (1) 28.3% 9.7% 9.4% Share-based compensation 23 (38) (25) 86 — (3) 83 0.15 Structural optimization(2) 3 (4) — 7 — (2) 5 0.01 Amortization of acquired intangibles and other acquisition related charges 3 (23) (5) 31 — — 31 0.06 Revaluation and gain on sale equity investments — — — — (25) 5 (20) (0.04) Tax matters(3) — — — — — (10) (10) (0.02) Non-IFRS measures(1) $ 534 $ 92 $ 144 $ 298 $ (12) $ (39) $ 256 $ 0.46 Non-IFRS margins (1) 29.9% 16.7% 14.3% 29
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(1) See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful. (2) Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges. (3) Includes $38 million tax impact from foreign exchange revaluation of German deferred taxes. Three Months Ended March 31, 2026 Gross profit Selling, general & administrative Research & development Operating profit Other income (expense) Income tax (expense) benefit Net income Diluted EPS As Reported $ 451 $ 139 $ 132 $ 180 $ (10) $ (81) $ 104 $ 0.18 IFRS margins (1) 27.6% 11.0% 6.4% Share-based compensation 16 (32) (15) 63 — (2) 61 0.11 Structural optimization(2) 2 (3) (1) 6 — (1) 5 0.01 Amortization of acquired intangibles and other acquisition related charges 5 (15) (2) 22 — (3) 19 0.03 Tax matters(3) — — — — — 38 38 0.07 Non-IFRS measures (1) $ 474 $ 89 $ 114 $ 271 $ (10) $ (49) $ 227 $ 0.40 Non-IFRS margins (1) 29.0% 16.6% 13.9% (Unaudited, in millions, except per share amounts) IFRS to Non-IFRS Reconciliations(1) 30
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Three Months Ended June 30, 2025 Gross profit Selling, general & administrative Research & development Operating profit Other income (expense) Income tax (expense) benefit Net income Diluted EPS As Reported $ 408 $ 78 $ 134 $ 196 $ 8 $ 7 $ 228 $ 0.41 IFRS margins (1) 24.2% 11.6% 13.5% Share-based compensation 17 (29) (8) 54 — (2) 52 0.09 Structural optimization(2) — (5) — 5 (24) — (19) (0.03) Amortization of acquired intangibles and other acquisition related charges — (2) (1) 3 — — 3 0.01 Litigation claims — — — — 9 (1) 8 0.01 Tax matters(3) — — — — — (38) (38) (0.07) Non-IFRS Measures (1) $ 425 $ 42 $ 125 $ 258 $ (7) $ (34) $ 234 $ 0.42 Non-IFRS margins (1) 25.2% 15.3% 13.9% (Unaudited, in millions, except per share amounts) IFRS to Non-IFRS Reconciliations(1) 31 (1) See "Financial Measures (Non-IFRS)" for further discussion on these Non-IFRS measures and why we believe they are useful. (2) Structural optimization represents costs associated with employee workforce reductions, manufacturing footprint alignment and liquidation charges. (3) Comprised of net deferred tax asset recognition and foreign exchange impact.
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Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Net cash provided by operating activities $ 405 $ 542 $ 431 Less: Purchases of property, plant and equipment and intangible assets (411) (312) (159) Add: Proceeds from government grants 3 3 5 Non-IFRS total capital expenditures net of proceeds from government grants(1) $ (408) $ (309) $ (154) Non-IFRS adjusted free cash flow(1) $ (3) $ 233 $ 277 Non-IFRS adjusted free cash flow margin(1) (0.2) % 14.3 % 16.4 % (1) See "Financial Measures (Non-IFRS)" for further discussion on this Non-IFRS measure and why we believe it is useful. (Unaudited, in millions) 32 IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted Free Cash Flow(1) a
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IFRS to Non-IFRS Reconciliation Non-IFRS Adjusted EBITDA(1) (1) See "Financial Measures (Non-IFRS)" for further discussion on this Non-IFRS measure and why we believe it is useful. Three Months Ended June 30, 2026 March 31, 2026 June 30, 2025 Net revenue $ 1,786 $ 1,634 $ 1,688 Net income 167 104 228 Net income margin 9.4 % 6.4 % 13.5 % Depreciation and amortization 307 311 335 Finance expense 23 22 22 Finance income (32) (37) (39) Income tax expense (benefit) 29 81 (7) Share-based compensation 86 63 54 Structural optimization 7 6 (19) Revaluation of equity investments (25) — — Litigation claims — — 9 Other acquisition related charges 25 11 2 Non-IFRS adjusted EBITDA(1) $ 587 $ 561 $ 585 Non-IFRS adjusted EBITDA margin(1) 32.9 % 34.3 % 34.7 % (Unaudited, in millions) 33
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In addition to the financial information presented in accordance with International Financial Reporting Standards ("IFRS"), this presentation includes the following Non-IFRS financial measures: Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS operating expense, Non-IFRS net income, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense), Non-IFRS diluted earnings per share (“EPS”), Non-IFRS adjusted EBITDA, Non-IFRS total capital expenditures net of proceeds from government grants, Non-IFRS adjusted free cash flow and any related margins. We define each of Non-IFRS gross profit, Non-IFRS selling, general and administrative, Non-IFRS research and development, Non- IFRS operating profit, Non-IFRS other income (expense), Non-IFRS income tax benefit (expense) and Non-IFRS net income as gross profit, selling, general and administrative, research and development, operating profit, other income (expense), income tax benefit (expense), and net income, respectively, adjusted for share-based compensation, structural optimization, amortization of acquired intangibles and other acquisition related charges, impairment charges, litigation charges, revaluation of equity investments, restructuring charges, tax matters, and any associated income tax effects. We define Non- IFRS operating expense as Non-IFRS gross profit minus Non-IFRS operating profit. We define Non-IFRS diluted EPS as Non-IFRS net income divided by the diluted shares outstanding. We define Non-IFRS total capital expenditures net of proceeds from government grants as purchases of property, plant and equipment and intangible assets less proceeds from government grants. We define Non-IFRS adjusted free cash flow as cash flow provided by (used in) operating activities less purchases of property, plant and equipment and intangible assets plus proceeds from government grants related to capital expenditures. We define Non-IFRS adjusted EBITDA as net income adjusted for the impact of finance expense, finance income, income tax expense (benefit), depreciation and amortization, share-based compensation, restructuring charges, impairment charges, revaluation of equity investments, structural optimization, litigation claims and acquisition related charges. We define each of Non-IFRS gross margin, Non-IFRS operating margin, Non-IFRS net income margin, Non-IFRS adjusted free cash flow margin and Non-IFRS adjusted EBITDA margin as Non-IFRS gross profit, Non-IFRS operating profit, Non-IFRS net income, Non-IFRS adjusted free cash flow and Non-IFRS adjusted EBITDA, respectively, divided by net revenue. Any adjustments described above that are zero for a given period are excluded from the “Reconciliation of IFRS to Non-IFRS” table. See "Reconciliation of IFRS to Non-IFRS" section for a detailed reconciliation of Non-IFRS financial measures to the most directly comparable IFRS measure. Financial Measures (Non-IFRS) We believe that in addition to our results determined in accordance with IFRS, these Non- IFRS financial measures provide useful information to both management and investors in measuring our financial performance and highlight trends in our business that may not otherwise be apparent when relying solely on IFRS measures. These Non-IFRS financial measures provide supplemental information regarding our operating performance that excludes certain gains, losses and non-cash charges that occur relatively infrequently and/ or that we consider to be unrelated to our core operations. Management believes that Non- IFRS adjusted free cash flow as a Non-IFRS measure is helpful to investors as it provides insights into the nature and amount of cash the Company generates in the period. Non-IFRS financial information is presented for supplemental informational purposes only and should not be considered in isolation or as a substitute for financial information presented in accordance with IFRS. Our presentation of Non-IFRS measures should not be construed as an inference that our future results will be unaffected by unusual or nonrecurring items. Other companies in our industry may calculate these measures differently, which may limit their usefulness as comparative measures. 34
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The information contained herein is the property of GlobalFoundries and/or its licensors. This document is for informational purposes only, is current only as of the date of publication and is subject to change by GlobalFoundries at any time without notice. GlobalFoundries, the GlobalFoundries logo and combinations thereof are trademarks of GlobalFoundries Inc. in the United States and/or other jurisdictions. Other product or service names are for identification only and may be trademarks or service marks of their respective owners. © GlobalFoundries Inc. 2026. Unless otherwise indicated, all rights reserved. Do not copy or redistribute except as expressly permitted by GlobalFoundries. Thank You For further information, please contact: Investor Relations ir@gf.com