GLOBALFOUNDRIES Non-GAAP EPS of $0.53 beats by $0.03, revenue of $1.85B beats by $20M
GLOBALFOUNDRIES press release  (NASDAQ:GFS): Q2  Non-GAAP EPS of $0.53  beats by $0.03.
Revenue of $1.85B (-7.0% Y/Y)  beats by $20M.
Shares -1.1% PM.
Gross margin of 28.8% and adjusted gross margin(1)Â of 29.6%.
Operating margin of 14.9% and adjusted operating margin(1)Â of 18.3%.
Net income of $237 million and adjusted net income(1)Â of $297 million.
Adjusted EBITDA(1)Â of $668 million.
Cash, cash equivalents and marketable securities of $3.3 billion.

Outlook Q3:Â Net revenue $1,825M - $1,870M (vs. consensus $1.90B); Diluted Adjusted EPS $0.46 - $0.54 (vs. consensus $0.54); Adjusted Gross Profit $502M - $542M; Adjusted Net income $254M - $302M.