GFS · PEAD ↓ 68

GlobalFoundries reported Q1 2026 EPS of $0.40 on 2026-05-12, beating the $0.3456 consensus by $0.0544 (+15.7%); prior-year EPS comparison is not available in the current data feed.

Print-day reaction was −3.8% versus the prior close of $74.99, as GFS sold off sharply despite the EPS beat — a classic "buy the rumour, sell the news" pattern. The overnight gap to T+1 open recovered +3.3%, suggesting some short-covering or renewed interest after-hours. Over the following two sessions (T+1 close through T+3 close) the stock drifted a further −5.3%, erasing the gap and then some, with the price settling at $71.03. Cumulative abnormal return of −5.3% versus SPY.US confirms a PEAD short signal; the documented drift pattern holds through 2026-08-07.