Company: GFS
Filing Date: 2025-11-12
Form Type: 6-K
Source: 0001709048-25-000071
Chunk: 28

Company: GLOBALFOUNDRIES Inc.
Filing Date: 2025-11-12
Form: 6-K
Chunk 28
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 |   -11 |
| Income before income taxes                   |     |      |                             221 |     |      |   195 |     |      |                            637 |     |      |   517 |
| Income tax (expense) benefit                 |     |      |                              28 |     |      |   -17 |     |      |                             51 |     |      |   -50 |
| Net income                                   |     | $    |                             249 |     | $    |   178 |     | $    |                            688 |     | $    |   467 |

#### Net Revenue
|             |     | 2025 | Three Months Ended September 30 |     | 2024 |       |     | Change |     |     | % Change |      |   |     | 2025 | Nine Months Ended September 30 |     | 2024 |       |     | Change |    |     | % Change |     |   |
|:------------|:----|:-----|--------------------------------:|:----|:-----|------:|:----|:-------|----:|:----|:---------|-----:|:--|:----|:-----|-------------------------------:|:----|:-----|------:|:----|:-------|---:|:----|:---------|----:|:--|
| Net revenue |     | $    |                           1,688 |     | $    | 1,739 |     | $      | -51 |     |          | -2.9 | % |     | $    |                          4,961 |     | $    | 4,920 |     | $      | 41 |     |          | 0.8 | % |

Net revenue decreased by $51 million, or 2.9%, for the three months ended September 30, 2025, compared to the three months ended September 30, 2024. The decrease from the prior year period was driven by lower average selling prices for certain customers in specific end markets, lower underutilization payments from customers under long term agreements, and changes in the product mix shipped in the period, contributing to a 13% decrease in average selling prices. This was partially offset by an increase in wafer shipment volume, totaling 602 thousand (300mm equivalent), a 9.7% increase from the prior period and by an increase in non-wafer