GlobalFoundries reports Q2 adjusted EPS 53c, consensus 49c

Reports Q2 revenue $1.845N, consensus $1.83B.”In the second quarter, GF delivered financial results at the upper end of the guidance ranges we provided in our May earnings release” said Dr. Thomas Caulfield, president and CEO of GF. “Despite the cyclical headwinds impacting our industry and continued macroeconomic uncertainty, we delivered consistent financial performance and generated $146 million of free cash flow in the quarter, as GF’s global teams diligently managed costs, while driving differentiated solutions to meet our customers’ needs, across several critical growth markets.”