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Benzinga
Benzinga
Business
Anusuya Lahiri

GlobalFoundries Navigates Weak Outlook As Mobile Device Revenue Declines

Globalfoundries,Office,In,Silicon,Valley,,Santa,Clara,,California,,Usa,-

GlobalFoundries (NASDAQ:GFS) stock dropped after it reported fiscal second-quarter 2025 results on Tuesday.

The company's quarterly revenue growth of 3% year-on-year (Y/Y) to $1.69 billion, topping the analyst consensus estimate of $1.68 billion.

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