0001709048-26-000112 | 6-K | XBRL Viewer

GLOBALFOUNDRIES Inc. (“GlobalFoundries”) is an exempted company with limited liability incorporated under the laws of the Cayman Islands. The address of GlobalFoundries’ registered office is P.O. Box 309, Ugland House, Grand Cayman, KY1-1104 Cayman Islands.

GLOBALFOUNDRIES Inc. (“we,” “GF,” or the “Company”) is one of the world’s leading manufacturers of semiconductors the world relies on to live, work and connect, enabling the scaling of Artificial Intelligence ("AI") in the cloud, and the transition of AI into the physical world. We manufacture differentiated, essential integrated circuits (“ICs”) that are used in billions of electronic devices across various industries

Amounts Recognised as of Acquisition Date for Assets Acquired and Liabilities Assumed [Table Text Block]

gfs_AmountsRecognisedAsOfAcquisitionDateForAssetsAcquiredAndLiabilitiesAssumedTableTextBlock

Assets acquired and liabilities assumed at the date of acquisition are as follows:


(in millions)	Fair value
Assets

Current assets	$	87
Other noncurrent assets	36

Developed technology	74
In-process research and development	63
Customer relationships	66
Liabilities
Trade payables and other current liabilities	(14)
Other noncurrent liabilities	(34)

Net identifiable assets acquired	$	278
Add: Goodwill(1)	$	175
Net assets acquired	$	453

(1) Goodwill is mainly attributable to the workforce, synergies, and expected future growth potential from access to new markets. Goodwill recognized will not be deductible for income tax purposes.

Assets acquired and liabilities assumed at the date of acquisition are as follows:


(in millions)	Fair value
Assets

Current assets	$	13
Other noncurrent assets	13

Developed technology	39
In-process research and development	44
Customer relationships	49
Liabilities
Trade payables and other current liabilities	(20)
Other noncurrent liabilities	(7)

Net identifiable assets acquired	$	131
Add: Goodwill(1)	$	95
Net assets acquired	$	226

(1) Goodwill is mainly attributable to the workforce, synergies, and expected future growth potential from access to new markets. Goodwill recognized will not be deductible for income tax purposes.

Other Noncurrent Asset

gfs_OtherNoncurrentAsset

$ 36,000,000

Other Noncurrent Asset

gfs_OtherNoncurrentAsset

13,000,000

Developed Technology

gfs_DevelopedTechnology

74,000,000

Developed Technology

gfs_DevelopedTechnology

39,000,000

In Process Research And Development Recognized

gfs_InProcessResearchAndDevelopmentRecognized

63,000,000

In Process Research And Development Recognized

gfs_InProcessResearchAndDevelopmentRecognized

44,000,000

Customer Relationships

gfs_CustomerRelationships

66,000,000

Customer Relationships

gfs_CustomerRelationships

49,000,000

Other Noncurrent Liability

gfs_OtherNoncurrentLiability

34,000,000

Other Noncurrent Liability

gfs_OtherNoncurrentLiability

7,000,000

Identifiable Assets Acquired (Liabilities) Assumed Less Non-Controlling Interest

gfs_IdentifiableAssetsAcquiredLiabilitiesAssumedLessNonControllingInterest

453,000,000

Identifiable Assets Acquired (Liabilities) Assumed Less Non-Controlling Interest

gfs_IdentifiableAssetsAcquiredLiabilitiesAssumedLessNonControllingInterest

$ 226,000,000

Disclosure Of Detailed Information About Accounts Receivable [Table Text Block]

gfs_DisclosureOfDetailedInformationAboutAccountsReceivableTableTextBlock


	March 31, 2026		December 31, 2025
Current:
Trade receivables, other than related parties	$	719	$	1,041
Other receivables	247		254
Unbilled accounts receivable(1)	88		63
Receivables from government grants	225		167

Other current financial assets	68		53
Total	$	1,347	$	1,578
Non-current:

Unbilled accounts receivable(1)	$	18	$	18
Advances to suppliers	164		173
Receivables from government grants	208		100
Equity investments	105		101
Other	111		106
Total	$	606	$	498

(1) Unbilled accounts receivable represents amounts recognized on revenue contracts less associated advances and progress billings. These amounts will be billed in accordance with the agreed-upon contractual terms or rendering services.

Current Unbilled Receivables

gfs_CurrentUnbilledReceivables

$ 88,000,000

Current Unbilled Receivables

gfs_CurrentUnbilledReceivables

63,000,000

Current Receivables From Government Grants

gfs_CurrentReceivablesFromGovernmentGrants

225,000,000

Current Receivables From Government Grants

gfs_CurrentReceivablesFromGovernmentGrants

167,000,000

Non-Current Unbilled Receivables

gfs_NonCurrentUnbilledReceivables

18,000,000

Non-Current Unbilled Receivables

gfs_NonCurrentUnbilledReceivables

18,000,000

Non-current Receivables From Government Grants

gfs_NonCurrentReceivablesFromGovernmentGrants

208,000,000

Non-current Receivables From Government Grants

gfs_NonCurrentReceivablesFromGovernmentGrants

$ 100,000,000

Disclosure Of Detailed Information About Activity In Unbilled Accounts Receivables [Table Text Block]

gfs_DisclosureOfDetailedInformationAboutActivityInUnbilledAccountsReceivablesTableTextBlock

The following table summarizes the activity in the Company’s unbilled accounts receivable for the three months ended March 31, 2026 and for the twelve months ended December 31, 2025, respectively:


	March 31, 2026		December 31, 2025
Balance, beginning of period	$	81	$	38
Revenue recognized during the period	53		177
Amounts invoiced	(28)		(135)
Other	—		1
Balance, end of period	$	106	$	81

Unbilled Receivables

gfs_UnbilledReceivables

$ 81,000,000

Unbilled Receivables

gfs_UnbilledReceivables

38,000,000

Unbilled Receivables

gfs_UnbilledReceivables

106,000,000

Current Unbilled Receivables, Revenue Recognized During The Year

gfs_CurrentUnbilledReceivablesRevenueRecognizedDuringTheYear

53,000,000

Current Unbilled Receivables, Revenue Recognized During The Year

gfs_CurrentUnbilledReceivablesRevenueRecognizedDuringTheYear

177,000,000

Current Unbilled Receivables, Amounts Invoiced

gfs_CurrentUnbilledReceivablesAmountsInvoiced

28,000,000

Current Unbilled Receivables, Amounts Invoiced

gfs_CurrentUnbilledReceivablesAmountsInvoiced

135,000,000

Current Unbilled Receivables, Other

gfs_CurrentUnbilledReceivablesOther

Current Unbilled Receivables, Other

gfs_CurrentUnbilledReceivablesOther

$ (1,000,000)

Disclosure Of Current And Noncurrent Trade And Other Payables [Table Text Block]

gfs_DisclosureOfCurrentAndNoncurrentTradeAndOtherPayablesTableTextBlock


	March 31, 2026		December 31, 2025
Current:
Trade payables	$	419	$	491
Accrued expenses	539		452

Contract liabilities(1)	584		718
Advances and deposits	70		44
Payables for property, plant and equipment and intangible assets	390		335

Other(2)	128		114










Total	$	2,130	$	2,154
Non-current:

Payables for intangible assets	147		150
Contract liabilities(1)	491		512



Other(2)	238		200
Total	$	876	$	862

(1)Contract liabilities comprise contractual obligations for payments received in advance of the satisfaction of performance obligations for wafers, as well as NRE services.

(2)Other includes other financial liabilities due from related parties, deferred tax liabilities and non-current advances and deposits.

Current Advances And Deposits

gfs_CurrentAdvancesAndDeposits

$ 70,000,000

Current Advances And Deposits

gfs_CurrentAdvancesAndDeposits

44,000,000

Property, Plant, And Equipment And Intangible Assets Payable, Current

gfs_PropertyPlantAndEquipmentAndIntangibleAssetsPayableCurrent

390,000,000

Property, Plant, And Equipment And Intangible Assets Payable, Current

gfs_PropertyPlantAndEquipmentAndIntangibleAssetsPayableCurrent

335,000,000

Intangible Assets Payable, Noncurrent

gfs_IntangibleAssetsPayableNoncurrent

147,000,000

Intangible Assets Payable, Noncurrent

gfs_IntangibleAssetsPayableNoncurrent

150,000,000

Contract Liabilities, Released

gfs_ContractLiabilitiesReleased

200,000,000

Contract Liabilities, Released

gfs_ContractLiabilitiesReleased

1,124,000,000

Contract Liabilities, Other

gfs_ContractLiabilitiesOther

Contract Liabilities, Other

gfs_ContractLiabilitiesOther

(12,000,000)

Contractual Capital And Operating Commitments

gfs_ContractualCapitalAndOperatingCommitments

725,000,000

Contractual Capital And Operating Commitments, Current

gfs_ContractualCapitalAndOperatingCommitmentsCurrent

652,000,000

Share Repurchase Program, Authorized, Amount

srt_StockRepurchaseProgramAuthorizedAmount1

$ 500,000,000

Shares Repurchased During Period

gfs_SharesRepurchasedDuringPeriod

7,300,000

Shares Repurchased Price Per Share

gfs_SharesRepurchasedPricePerShare

40.85

Value Of Shares Repurchased

gfs_ValueOfSharesRepurchased

$ 300,000,000

Additional Shares Repurchased During Period

gfs_AdditionalSharesRepurchasedDuringPeriod

2,300,000

Amount Paid For Ordinary Shares

gfs_AmountPaidForOrdinaryShares

$ 100,000,000

Weighted Average Share Price On Shares Purchased

gfs_WeightedAverageSharePriceOnSharesPurchased

$ 43.88

Amount Of Remaining Authorized For Repurchase Of Shares

gfs_AmountOfRemainingAuthorizedForRepurchaseOfShares

$ 100,000,000

Cover	3 Months Ended
Cover	Mar. 31, 2026
Cover [Abstract]
Document Type	6-K
Entity File Number	001-40974
Entity Registrant Name	GLOBALFOUNDRIES Inc.
Entity Address, Address Line One	400 Stonebreak Road Extension
Entity Address, City or Town	Malta
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	12020
Document period end date	Mar. 31, 2026
Current fiscal year end date	--12-31
Entity Central Index Key	0001709048
Amendment Flag	false

Basis of Presentation, Summary of Material Accounting Policies and Critical Judgments, Estimates and Assumptions (Policies)	3 Months Ended
	Mar. 31, 2026
Accounting Policies, Changes In Accounting Estimates And Errors [Abstract]
Recent Accounting Pronouncements, Adopted and Not Adopted	Recent Accounting Pronouncements, Adopted: The Company adopted the following amended IFRS standards, effective January 1, 2026. Classification and Measurement of Financial Instruments (Amendments to IFRS 9, Financial Instruments and IFRS 7, Financial Instruments: Disclosures) – The amendments clarify the requirements for the timing of recognition and derecognition of financial assets and liabilities. The amendments also add further guidance for assessing whether a financial asset meets the solely payments of principal and interest criterion for financial assets that do not relate to basic lending risks, and add new disclosures for certain instruments with contractual terms that can change cash flows based on contingent events. The adoption of these amendments did not result in a material impact to the Company’s consolidated financial statements. Annual Improvements to IFRS Accounting Standards – Volume 11 – These narrow-scope amendments relate to clarifications, simplifications, corrections or changes to improve consistency in the following IFRS standards: IFRS 7, Financial Instruments: Disclosures, IFRS 9, Financial Instruments, IFRS 10, Consolidated Financial Instruments and IAS 7, Statement of Cash Flows. The adoption of these amendments did not result in a material impact to the Company’s consolidated financial statements. Contracts Referencing Nature-dependent Electricity – Amendment to IFRS 9 and IFRS 7 – These amendments include clarifying the application of the own-use requirements for nature-dependent electricity contracts, permitting hedge accounting if these contracts are used as hedging instruments and adding new disclosure requirements to enable investors to understand the effect of these contracts on the Company’s financial performance and cash flows. The adoption of these standards, including disclosures that will be made when certain plants commence commercial operations, did not result in a material impact to the Company's consolidated financial statements. Recent Accounting Pronouncements, Not Adopted: The Company has not adopted the following new, revised or amended IFRS standards that have been issued by the IASB that are not yet effective: IFRS 18, Presentation and Disclosure in Financial Statements ("IFRS 18") — This new standard will replace IAS 1, Presentation of Financial Statements ("IAS 1"). The key concepts in IFRS 18 relate to the structure of the statement of profit and loss, required disclosures in the financial statements for certain management-defined performance measures and enhanced principles on aggregation and disaggregation which apply to the primary financial statements and notes in general. •IFRS 18 introduces new requirements for presentation within the statement of profit or loss, including specified totals and subtotals. Furthermore, entities are required to classify all income and expenses within the statement of profit and loss into one of five categories: operating, investing, financing, income taxes and discontinued operations, whereof the first three are new. •It also requires disclosure of management-defined performance measures and subtotals of income and expenses and includes new requirements for aggregation and disaggregation of financial information based on the identified ‘roles’ of the primary financial statements and the notes. •In addition, narrow-scope amendments have been made to IAS 7, Statement of Cash Flows, which include changing the starting point for determining cash flows from operations under the indirect method, from ‘profit or loss’ to ‘operating profit or loss’ and removing the optionality around classification of cash flows from dividends and interest. Interest paid will be presented as financing cash flows and interest received as investing cash flows, which is a change from current presentation as part of operating cash flows. In addition, there are consequential amendments to several other standards. The effective date for adoption of this standard is annual periods beginning on or after January 1, 2027. Retrospective application is required, hence, the comparative information will be recast in accordance with IFRS 18. The Company is currently assessing the detailed implications of applying the new standard on the consolidated financial statements. •Although the adoption of IFRS 18 has no impact on the Company’s net income, the Company expects that grouping items of income and expenses into the new categories may impact how operating profit is calculated and reported. For example, items currently in “Other income (expense), net” would be reclassified to “Other operating expenses”, “Other investing expenses” and “Other financing expenses” lines. •The Company does not expect a significant change in the information currently disclosed in the notes to the consolidated financial statements because the requirement to disclose material information remains unchanged. However, the way in which information is grouped may be changed. •For the first annual period of application of IFRS 18, disclosures are required for a reconciliation for each line item in the consolidated statement of operations between the stated amounts presented by applying IFRS 18 and the amounts previously presented applying IAS 1. As of the date the accompanying financial statements were authorized for issue, the Company continues to evaluate the impact on its consolidated financial position and performance as a result of the initial adoption of the aforementioned standards or interpretations and related applicable periods.

Leases - Narrative (Details)	3 Months Ended
Leases - Narrative (Details)	Mar. 31, 2026
Disclosure of Leases [Abstract]
Weighted average remaining lease term (in years)	13 years 4 months 24 days
Weighted average discount rate (as a percent)	4.20%

Inventories - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
Inventories - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2026	Mar. 31, 2025
Inventories [Abstract]
Cost of goods sold to write-down certain inventories	$ 61	$ 16

Inventories - Schedule of Inventories (Details) - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Inventories [Abstract]
Inventory reserves	$ (140)	$ (90)