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Globalfoundries Stock Soars 10.4% on Earnings Beat
Generated by AI AgentAinvest Pre-Market Radar
Thursday, Aug 7, 2025 6:15 am ET1min read
Aime SummaryGlobalfoundries' stock surged 10.4% in pre-market trading on August 7, 2025, marking a significant uptick in investor sentiment.
Globalfoundries has recently faced challenges due to a slow recovery in smartphone demand, which has impacted its forecasts and led to a decline in its stock price. The company's shares fell by 11.94% following weak Q3 revenue guidance, despite Q2 results exceeding market expectations. The Q2 earnings per share (EPS) reported was $0.42, but the forecast for Q3 adjusted EPS of 33 cents to 43 cents fell short of analyst estimates, contributing to the stock's decline.
Additionally, sector-wide selloffs have been triggered by fears of imminent semiconductor tariffs, further pressuring Globalfoundries' stock. The company's shares tumbled 9.75% intraday to $32.65, reaching their lowest point since July 2025. This downturn was exacerbated by disappointing guidance for Q3 revenue at $1.68 billion and adjusted EPS of $0.42, which failed to meet Wall Street's expectations.
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