Globalfoundries is trading 5.4% down at $49.20 in pre-market trading after issuing a conservative Q3 outlook that overshadowed a Q2 earnings beat.
- The company beat Q2 revenue and EPS estimates and highlighted strong momentum in AI and silicon photonics.
- Investors are focused on the Q3 2026 outlook and earnings forecast, which is seen as conservative relative to recent semiconductor sector strength and prior expectations.