GFS · PEAD ↓ 55

GlobalFoundries reported Q2 2026 EPS of $0.33 on 2026-08-05, beating the $0.32 consensus by $0.01 (+3.1%).

Print-day reaction was −4.9% versus the prior close, a sharp gap-open sell-off that overshadowed the modest EPS beat. The overnight move from T+0 close to T+1 open added a further −1.9% gap, with no after-hours recovery. Over the subsequent two trading days the stock drifted an additional −0.6%, confirming sustained selling pressure rather than a mean-reversion bounce. Cumulative abnormal return of −4.0% versus SPY.US establishes a short PEAD signal; the documented drift pattern holds the read through 2026-11-02.