Fabrinet (FN) Beat Every Estimate. Its Stock Still Fell 11%
On August 18, 2026, Fabrinet (FN) delivered strong fourth-quarter earnings that surpassed expectations, yet the stock still declined 11% in premarket trading. Adjusted earnings per share reached $4.10, up from $2.65 a year earlier, and revenue grew by 45% to $1.32 billion. CEO Seamus Grady confidently stated, "There looks to be no end in sight to the demand from the customers," and guided first-quarter profit between $4.10 and $4.25 a share, well above Wall Street's $3.98 estimate.
Despite the positive outlook, the company's stock fell as investors worried about the impact of a declining relationship with Nvidia, one of its biggest customers, and weaker performance in the datacom segment.
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