Why Fabrinet Stock Just Plummeted
Yahoo Finance ·
Fabrinet ( FN -19.38% ) stock got hit with a big pullback in Tuesday's trading. The optical technologies specialist's share price fell 19.4% in a session that saw the S&P 500 decline 0.7% and the Nasdaq Composite decline 1.4%. After the market closed yesterday, Fabrinet published results for the fourth quarter of its 2026 fiscal year -- which wrapped on June 26. The company posted fiscal Q4 results that exceeded Wall Street's targets, but investors weren't happy with management's forward guidance. Fabrinet's fiscal Q4 report arrived with a substantial earnings beat and sales that also topped expectations. The company recorded non-GAAP (adjusted) earnings of $4.10 per share on sales of $1.32 billion in the quarter. Sales were up roughly 45% year over year and beat the average analyst target by $40 million, and adjusted earnings per share were up roughly 55% year over year to $4.10 and topped the average analyst estimate by approximately $0.29 per share. The company set new records for revenue and adjusted earnings in the quarter, but it wasn't enough to power gains for the stock.
DYAX Investor Sentiment
Bullish (Long) 37% · Bearish (Short) 63%
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