07:31 AM EDT, 08/05/2025 (MT Newswires) -- GlobalFoundries ( GFS ) reported Q2 non-IFRS earnings Tuesday of $0.42 per diluted share, up from $0.38 a year earlier.

Analysts polled by FactSet expected $0.36 per share.

Net revenue for the quarter ended June 30 was $1.69 billion, compared with $1.63 billion a year earlier.

Analysts surveyed by FactSet expected $1.68 billion.

For Q3, the company projects non-IFRS earnings of $0.38 per diluted share, plus or minus $0.05. Analysts polled by FactSet expect $0.42 per share.

Revenue for Q3 is expected to be $1.68 billion, plus or minus $25 million. Analysts surveyed by FactSet expect $1.79 billion.

Shares of the company were down nearly 7% in recent Tuesday premarket activity.