Stock Track | Fabrinet Plunges 6.93% in 24 Hours Following Q2 Earnings Release Despite Beating Estimates

Stock Track02-03 09:14

Fabrinet's stock experienced a 24-hour plunge of 6.93%, with the decline primarily occurring in post-market trading following the release of the company's second quarter fiscal year 2026 financial results.

The optical manufacturing services provider reported quarterly results that exceeded analyst expectations, with adjusted earnings per share of $3.36 beating the $3.25 consensus estimate and revenue of $1.13 billion surpassing the $1.08 billion forecast. Despite these positive results, the stock dropped sharply in after-hours trading.

Market analysts suggest the selloff may reflect investor disappointment with the company's forward guidance or other underlying concerns, as Fabrinet's Q3 revenue outlook of $1.15-$1.20 billion and adjusted EPS guidance of $3.45-$3.60 were roughly in line with or slightly above consensus estimates.

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