GlobalFoundries Inc

GFS remains in a Stage 4 distribution with bearish medium- and long-term biases; recent oversold bounce into the falling EMA/SMA resistance has failed to shift control, making selling into rallies at the 20-EMA/50-SMA zone the preferred approach.

• ↑Q2 revenue $1.786B (+6% YoY, +9% QoQ) driven by 62% comms & data center surge
• ↑Gross margin rose 470 bps to 29.9% with full-year guidance near 30%
• ↓Profitability metrics remain weak, raising questions on return generation